Friday, May 09, 2008

Green Star Algal Biodiesel Plans to Begin Production in 2008 to 2009 Timeframe

Green Star(OTC:GSPI) has released its technical report on its 40,000 liter demonstration facility in Montana. The results demonstrate that Green Star's algal biodiesel process can outproduce soy and other popular biodiesel crops by 100 to 1, and can simultaneously produce large quantities of protein rich food.
Green Star Products, Inc. (OTC:GSPI) today announced that it has publicly released the entire chronological technical report on its 2007-2008 algae (40,000 liter) demonstration facility....

* Algae produce 100 times more oil per acre than traditional food oilseed crops such as soy, etc. (Note: Algae produces 4,000 gallons of oil per acre per year versus 50 gallons per acre for soy.)
* Algae eat CO2, the major Global Warming Gas, and produce oxygen.
* Algae require only sunshine and non-drinkable (salt or brackish) water.
* Algae do not compete with food crops for either agricultural land or fresh water.
* Algae can reproduce themselves and their oil every 6 hours, while it takes Mother Nature millions of years to produce crude oil in the ground.
* Algae oil byproduct is a highly nutritious protein-rich food (30-50%), which will someday help feed the world
* Algae can produce high protein food at the rate of over 50 times (5,000%) faster than traditional food crops such as corn, soybeans and wheat.

Green Star’s business plan includes commercial production in the 2008-2009 timeframe.
The bottom line for algal biodiesel is high production costs, and the continuing need to solve lingering technical problems while holding production costs down. Each of the main competitors has developed its own proprietary approach to solving these problems, which are necessarily held close to the vest.

Venture capitalists seem to have largely fallen asleep at the wheel regarding bio-energy. The Earth appears custom-built to produce life. Lots of life. A smart business person learns to make the most of his assets.

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