New Cellulosic Biocrude Refinery
Press ReleaseSource: Sustainable Power Corp.
Sustainable Power Corp. Announces Green Energy Consortium
Friday November 30, 11:32 am ET
Signs Co-Development Agreement With Blue Harbor Energy, Inc. NATCHEZ, MS--(MARKET WIRE)--Nov 30, 2007 -- Sustainable Power Corp. (Other OTC:SSTP.PK - News) is proud to announce a reached agreement of a new project named Green Energy Consortium (GEC) based in Baytown, Texas. This agreement is to use SSTP's technology of the conversion of agricultural recycled feedstock to a variety of Green-based products that will produce biocrude, biogasoline, pharmaceutical grade glycerin and 500 megawatts of green power.
Imagine multiple types of fuels that are derived from the same feed stocks as cellulosic ethanol like grass, sugar cane, and corn stover; soy hulls but contain at least 300% more energetic content and are made by a process that uses 90% less energy. Unlike cellulosic ethanol, these fuels can be distributed by using existing oil pipelines, rather than uneconomical trucks and trains, dispensed through existing gas stations, rather than
specialized pumps, and used in existing engines, rather than modified "flex-fuel" engines. In short, these are biofuels that can be substituted directly and immediately for gas or diesel on a gallon-for-gallon basis.
Sustainable Power Corp. (SPC) announced today that it has entered into a co-development agreement with Blue Harbor Energy, Inc. (Blue Harbor) to move forward its Baytown, Texas renewable fuel production and renewable energy electricity production facility. The Baytown project in envisioned to bring together SPC's propriety liquid biofuel generation and refining
technology with electric power generation and a concrete plant to create a facility that produces liquid fuel suitable for use in current internal combustion engines, electric power that is generated solely from renewable sources and concrete that is produced using green power. Capacities and outputs for each phase of the operation are not yet final.
"We have been proposed financing offers for the project from undisclosed parties and expect more to come," stated Keith Mazer, President of Sustainable Power Corp. Mr. Mazer continued, "This is a monumental project and we're very excited to see the interest and confidence shown by some of
the industry's largest capital investment groups. The world is in
desperate need of green fuel and energy and we now have the ability to meet that need."
Under the terms of the agreement Blue Harbor will begin work immediately to work with SPC senior management to complete the development work necessary for securing the equity investment into the project. No time frame was announced for completion of this initial phase.Texas was chosen by Sustainable Power because of its industrial and oil friendly environment. The Baytown property has rail, truck, pipeline and
power grid access on site and barge access only a few miles down the road to support our feedstock needs.
Mr. Mazer stated, "We are pleased to have Blue Harbor as part of our team, and look forward to working with them." "We have looked at this project and are excited about a renewable energy
power generation of this magnitude," said Dr. White of Blue Harbor Energy, a co-development company. "We are looking forward to working with Mr. Mazer and the SPC team to finalize the development effort and bringing the project online as quickly as possible to realize its reduction of GHG and positive environmental impact."
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be
produced from one-fifth of the soybean acreage traditionally associated with biodiesel. For more information please visit
www.sustainablepower.com.
About Blue Harbor Energy, Inc.
Blue Harbor Energy is the energy project co-development company which provides management, technical management, commercial back-office and contract negotiation services to energy project developers. For additional information contact Dr. Jeff White at white@blueharborenergy.com
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions identify
such forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated, expressed or
implied by the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of the
Company and are subject to a number of risks and uncertainties. These
include, but are not limited to, risks and uncertainties associated with:
the impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, and distributor performance,
the impact on the national and local economies resulting from terrorist
actions, and U.S. actions subsequently; and other factors available from
the Company.
Contact:
Investor Contact:
Redwood Consultants, LLC
415-884-0348
Sustainable Power Corp. Announces Green Energy Consortium
Friday November 30, 11:32 am ET
Signs Co-Development Agreement With Blue Harbor Energy, Inc. NATCHEZ, MS--(MARKET WIRE)--Nov 30, 2007 -- Sustainable Power Corp. (Other OTC:SSTP.PK - News) is proud to announce a reached agreement of a new project named Green Energy Consortium (GEC) based in Baytown, Texas. This agreement is to use SSTP's technology of the conversion of agricultural recycled feedstock to a variety of Green-based products that will produce biocrude, biogasoline, pharmaceutical grade glycerin and 500 megawatts of green power.
Imagine multiple types of fuels that are derived from the same feed stocks as cellulosic ethanol like grass, sugar cane, and corn stover; soy hulls but contain at least 300% more energetic content and are made by a process that uses 90% less energy. Unlike cellulosic ethanol, these fuels can be distributed by using existing oil pipelines, rather than uneconomical trucks and trains, dispensed through existing gas stations, rather than
specialized pumps, and used in existing engines, rather than modified "flex-fuel" engines. In short, these are biofuels that can be substituted directly and immediately for gas or diesel on a gallon-for-gallon basis.
Sustainable Power Corp. (SPC) announced today that it has entered into a co-development agreement with Blue Harbor Energy, Inc. (Blue Harbor) to move forward its Baytown, Texas renewable fuel production and renewable energy electricity production facility. The Baytown project in envisioned to bring together SPC's propriety liquid biofuel generation and refining
technology with electric power generation and a concrete plant to create a facility that produces liquid fuel suitable for use in current internal combustion engines, electric power that is generated solely from renewable sources and concrete that is produced using green power. Capacities and outputs for each phase of the operation are not yet final.
"We have been proposed financing offers for the project from undisclosed parties and expect more to come," stated Keith Mazer, President of Sustainable Power Corp. Mr. Mazer continued, "This is a monumental project and we're very excited to see the interest and confidence shown by some of
the industry's largest capital investment groups. The world is in
desperate need of green fuel and energy and we now have the ability to meet that need."
Under the terms of the agreement Blue Harbor will begin work immediately to work with SPC senior management to complete the development work necessary for securing the equity investment into the project. No time frame was announced for completion of this initial phase.Texas was chosen by Sustainable Power because of its industrial and oil friendly environment. The Baytown property has rail, truck, pipeline and
power grid access on site and barge access only a few miles down the road to support our feedstock needs.
Mr. Mazer stated, "We are pleased to have Blue Harbor as part of our team, and look forward to working with them." "We have looked at this project and are excited about a renewable energy
power generation of this magnitude," said Dr. White of Blue Harbor Energy, a co-development company. "We are looking forward to working with Mr. Mazer and the SPC team to finalize the development effort and bringing the project online as quickly as possible to realize its reduction of GHG and positive environmental impact."
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be
produced from one-fifth of the soybean acreage traditionally associated with biodiesel. For more information please visit
www.sustainablepower.com.
About Blue Harbor Energy, Inc.
Blue Harbor Energy is the energy project co-development company which provides management, technical management, commercial back-office and contract negotiation services to energy project developers. For additional information contact Dr. Jeff White at white@blueharborenergy.com
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions identify
such forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated, expressed or
implied by the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of the
Company and are subject to a number of risks and uncertainties. These
include, but are not limited to, risks and uncertainties associated with:
the impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, and distributor performance,
the impact on the national and local economies resulting from terrorist
actions, and U.S. actions subsequently; and other factors available from
the Company.
Contact:
Investor Contact:
Redwood Consultants, LLC
415-884-0348
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Replies to This Discussion
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Permalink Reply by Julian james on -
I understand that it sounds attractive to turn agricultural "waste" into energy - it sounds like we get something for nothing, but there's a catch. I've never seen anything other than this article
http://www.scragged.com/articles/biofuels-the-non-renewable-resourc...
point out that all plants take SOMETHING out of the soil. The agricultural waste you convert COULD be put back into the soil by letting it rot. Anything we take away from the soil is gone. Unless we put back whatever the plants take out, THOSE plants won't grow there any more once it's all gone. Depending on the energy cost of putting the right stuff back into the soil, we may or may not gain anything with biofuels.
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Permalink Reply by Gregory Cragg on -
JJ,
Today we have no till farming what happpens here is the crop is taken off (say, canola) the stubble is left to rot and compost itself for the next year this saves a huge amount of mostly diesel fuel and rejeuvinates (sp) the soil.
I agree with you and so do many others that Bio oil from human food plants is not the way to go I have several alternatives that are far more inexpensive than what they are offering today as most of what they have has to be planted and harvested with fossil fuels, where mine use little to no fossil fuels and can be harvested all year around, certainly what I have will not see a price increase for Corn//Canola/Rape seed and other human plant foods that produce bio feed stock.
Bio fuel may be a waste of time in the end, I have a new innovation that goes after heavy oil there is twice the amount of heavy oil in the world versus light crude oil and not $100.00 per barrel more like $10.00 per barrel.
My system goes after defunct oil and gas wells which number in the millions and or with this innovation the Athabaska Tar Sands Project in Northern Alberta could see a 100 times increase with their extraction process without the use of water which is their main problem they do not have enough water to extract the bitumen.
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Permalink Reply by Doug Mizell on -
Julian
I saw this post and I just had to give some input. I am a cellulosic ethanol producer. I agree that some ag waste must be left to return nutrients the soil,but with proper crop rotations the farmer can most definatley have a food crop and a fuel crop from his ag wastes. My company, Agro*Gas, hopes that by providing fuel vouchers to farmers for the ag waste they supply we can reduce some farm fuel costs and help these guys stay in business. Our Mission Statement is to produce All American fuels from cellulosic waste feedstocks only. We will NEVER make fuel from FOOD or FEED and those that do are on a course to disaster. We contend the only way to make and compete in the fuel markets is to use "ZERO VALUED FEEDSTOCKS" after the smoke clears this will be the only ethanol & bio-diesel strategy standing.
If you would like to know more go to our WebSite: kudzunol.com and google search Doug Mizell and Kudzu and you can see some of the news articles about my small company and our processes.
Doug Mizell
Co-Founder of Agro*Gas Industries LLC
Cleveland, Tennessee
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