Green Star Products' State-of-the-Art Biodiesel Plant in Odessa, Washington Restarts Operation
17 August 2011 - 11:30PM
Marketwired
Green Star Products, Inc. (PINKSHEETS: GSPI) announced today that
on July 11, 2011, Biodiesel Magazine
(http://www.biodieselmagazine.com) wrote an article titled
"Washington plant restarts biodiesel production, canola crushing."
The article stated: "After sitting idle for a year, Inland
Empire Oilseeds LLC managed to restart production at its 8 MMgy
canola-based biodiesel facility, including an adjacent canola
crushing plant, in Odessa, Washington."
The article further stated: "The plant resumed production in
June and held an open house for industry and community members in
July to commemorate the opening. [Also on site is] the canola crush
facility, which can crush about 90 to 100 tons of canola per
day.
"The Inland Empire Oilseeds plant first came online in November
2008. The company is a vertically integrated company and sources
its feedstock within Washington and neighboring states of Oregon
and Idaho, crushes seed and produces its own biodiesel."
Green Star presently owns a 10% interest in the biodiesel plant
and crushing facilities at Odessa. However, present owners will
probably experience a reduction in participation to attract
additional funding.
Mr. Joseph LaStella, President of Green Star Products,
commented: "Green Star Products built the biodiesel plant in 2007
and 2008. There were some initial start-up problems associated with
the back end of the plant. The proprietary continuous flow reactor
built by Green Star is responsible for turning raw oils and
methanol catalyst through a transesterification chemical process
into biodiesel. After our reactor, methanol and glycerin are
removed from the chemically reacted biodiesel to achieve market
certification. The Odessa plant is one of the few plants in the
United States which is capable of processing raw seed grown by
local farmers directly into biodiesel."
A banner which was placed at the Odessa plant in 2007 stated,
"This Is Our Declaration of Energy Independence." This declaration
was trademarked by Joseph LaStella.
In 2003, Mr. LaStella distributed a report called "New
Generation Co-ops." This report was based on some earlier work by
university professors which state that the only true way for local
farmers to establish true independence from the grips of foreign
oil is to take a portion of their land and grow oilseeds, either
soybeans or canola. Farmers should band together and build crushing
plants in association with biodiesel plants. Exactly what was done
in Odessa, Washington.
Approximately 90% of all the biodiesel plants in the United
States do not have crushing facilities and are totally dependent on
often irrationally high international vegetable oil prices.
Mr. LaStella stated: "Such a plant should be looked at by the
local community not as an initial money making proposition but as
an insurance policy that extends forever for local farmers so they
will never be held hostage to foreign oil. If farmers produce
oilseeds locally and invest in a crushing/biodiesel facility they
can always obtain two things that they need: clean feed for their
livestock and most importantly they will always have fuel to run
their tractors and other farm equipment."
Mr. LaStella further remarked: "The United States has
concentrated for the past ten years on producing ethanol. Farm
equipment, railroads and the entire transportation industry runs on
diesel not on ethanol. Therefore, we must understand that all the
ethanol in the world will not keep United States' industries
operating.
"Our proprietary continuous flow biodiesel reactor is the
cornerstone for all the future biodiesel plants that we will build
around the world."
Another article, outlined in Biofuels Digest, titled "Biofuel
Mandates Around the World" (http://www.biofuelsdigest.com, July 21,
2011), stated that by 2022, 52 countries worldwide will be building
at least 1,000 biorefineries to meet their 60 billion gallon per
year mandate. These mandates are in place now. Already, Green Star
has been asked to bid on biodiesel plants in other countries.
Recently, GSPI submitted a bid with an international company on the
first of 40 biodiesel plants in Ukraine. This is one of several
countries which have requested further information about our
proprietary reactor system and biodiesel plants.
About Green Star Products Green Star
Products, Inc. (PINKSHEETS: GSPI) is an environmentally friendly
public company dedicated to creating innovative, cost-effective
products to improve the quality of life and clean up the
environment. GSPI and its Consortium are involved in the production
of green sustainable goods including renewable resources like algae
biodiesel and clean-burning biofuels, cellulosic ethanol and other
green products, as well as lubricants, additives and devices that
reduce emissions and improve fuel economy in vehicles, machinery
and power plants. For more information visit
http://www.GreenStarUSA.com, or call (800) 741-7648 and (800)
340-9784, fax (619) 789-4743, or email info@GreenStarUSA.com.
Forward-looking statements in the release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including without limitation, continued acceptance of the company's
products, increased levels of competition, new products and
technological changes, dependence on third-party suppliers, and
other risks detailed from time to time in the company's periodic
filings.
CONTACT: Joseph LaStella President Green Star Products, Inc.
800-741-7648 800-340-9784 619-864-4010 619-789-4743 (fax)
info@GreenStarUSA.com
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