Product Will Be Produced at the Company's Joint Venture Facility in Allendale, SC
NORCROSS, GA / ACCESSIWRE / April 16, 2014 / VEGA BIOFUELS, INC. (Pink Sheets VGPR) announced today it has received a 3,000 ton order from ECEM Salzburg Energy and Environment Consulting GMGH, which will be the initial Bio-coal order produced at Vega's Joint Venture torrefaction manufacturing facility, ATP-SC, LLC in Allendale, SC. The Bio-coal will be shipped from the Port of Savannah to The Port of Rotterdam in the Netherlands upon completion.
Vega recently announced that along with its partners, including Agri-Tech Producers, LLC (ATP), is building a state of the art torrefaction facility in Allendale, SC. ATP-SC, LLC will produce various torrefied products, including Bio-coal. The Joint Venture partners plan to build additional plants around the world and the Allendale pilot plant will be a model for those plants.
"We have been working with ECEM for a long time and we are proud to receive a firm order for our Bio-coal product," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. "We are in discussions concerning a commitment for the entire capacity of the Allendale plant. With the amount of interest we are receiving from all over the world, we are now considering the option of increasing the output capacity of the plant to accommodate the demand."
The Company also recently announced that it will be showcasing it's Biochar soil amendment at The BIG Industry Show and Cannabis Cup in Denver, Colorado April 16th through April 20th and launching its "Grow With Us" marketing campaign.
About Vega Biofuels, Inc.
Vega Biofuels, Inc. manufactures Bio-coal from timber waste using unique technology called torrefaction, which is the treatment of biomass at high temperatures under low oxygen conditions.
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.
SOURCE: Vega Biofuels, Inc.