Under the Symbol:
Vega Biofuels Adds Biochar Expert to Advisory Board
Monday, March 24, 2014 9:00 AM
NORCROSS, GA / ACCESSWIRE / MARCH 24, 2014 / VEGA BIOFUELS, INC. (Pink Sheets VGPR) announced today it has added a leading biochar expert to the Company’s Advisory Board.
Biochar Now, LLC Co-Founder, James Gaspard has accepted a position on Vega’s Advisory Board. Mr. Gaspard is an expert in the field of biochar. His industry accomplishments include co-founding one of the largest manufacturers of “high-quality” biochar in the industry today. Biochar Now, LLC has been producing biochar commercially for several years and is currently selling biochar to legal marijuana growers in Colorado and has completed required multi-year tests to successfully demonstrate the benefits and capabilities of biochar to large corporate end-users across many diverse industries and applications.
Vega recently announced that it has entered into a Joint Venture to build a state of the art torrefaction facility in Allendale, SC called ATP-SC, LLC that will produce various torrefied products, including bio-coal.
In addition to producing bio-coal, the Company recently announced it is expanding its business model to include the production of biochar to be marketed to growers in the burgeoning legal Marijuana and Hemp industries. Biochar is a highly absorbent, specially designed charcoal used as a soil amendment for the agricultural industry. It is made under specific conditions with the intent to be applied to soil as a means to increase soil fertility and agricultural yields.
“As we expand our business to include the production and marketing of biochar, we felt that it was important to surround ourselves with individuals that have the background and knowledge to help guide our efforts moving forward,” stated Michael K. Molen, Chairman/CEO of Vega Biofuels. “Our search lead us directly to James Gaspard and we are excited that he will be joining our Advisory Board. We are very serious about this part of our business and the knowledge of the biochar industry that James brings to our Company is enormous. He is currently manufacturing and selling biochar to legal marijuana growers in Colorado. I’ve had the pleasure to spend time with James and I can’t think of anyone that is a better fit for our Company. We will have additional announcements concerning our entry into the biochar industry in the coming days.”
Mr. Gaspard joins torrefaction expert, Joseph J. James on the Company’s Advisory Board.
Mr. Gaspard stated, “The biochar industry is transitioning from research and development into manufacturing and delivery of product. The legal marijuana growers in Colorado that we are selling biochar to are experiencing tremendous results. However, in order for this industry to grow and keep up with the tremendous demand for biochar worldwide, it is important for individuals with knowledge and expertise in the public markets to get involved. This is why I am excited to work with Mr. Molen and Vega’s management team.”
Vega Biofuels has developed a renewable energy product known as “bio-coal”. Bio-coal is manufactured from organic waste products, primarily timber waste, using special torrefaction technology. The bio-coal will be shipped to European power generating companies from the Port of Savannah.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast,” “plan,” "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
Vega Biofuels, Inc.: 800-481-0186
SOURCE: Vega Biofuels, Inc.