The generation 4 machine has been used to produce a bio-coal product that looks very similar to a piece of traditional Powder River Basin Coal and is approximately the size of a golf ball. As a result of the demand for other applications, Vega Biofuels has developed both a powder version and a pellet version of its bio-coal product.
"We have had customers ask specifically for pellets and a powder version of our bio-coal and we felt that it was important to make some changes to our process to meet the demand," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. "Coal-fired power plants still want the bio-coal in chunk form, but there are some other applications that require a little different product. The energy created from the torrefaction process is similar in all of our products. This opens up a new market for our Company and we look forward to marketing these products along with our "chunk" bio-coal that has received tremendous interest from all over the world."
About Vega Biofuels, Inc. (OTCPink: VGPR):
Vega Biofuels, Inc. is a cutting-edge energy company that manufactures and markets a renewable energy product called Bio-Coal made from timber waste using unique technology called torrefaction. Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions. For more information, please visit our website at vegabiofuels.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.
Vega Biofuels, Inc.
SOURCE Vega Biofuels, Inc.