HOLLYWOOD, Florida, December 11, 2013 /PRNewswire/ --
Alternative Fuels Americas, Inc. (OTCQB: AFAI) announced today that it has initiated trial production runs of Jatropha based biodiesel to verify the Company's processes and procedures. The trial production runs will be conducted in 3 phases, the first of which is set to begin immediately. The Company will be using feedstock from its plantation in Tempate, Costa Rica for the first phase of production. The biodiesel produced will be used for testing and marketing purposes.
"As with every endeavor we undertake, we are testing our assumptions and capabilities before we engage in larger scale activity. This is a major milestone for us and we need to be certain that we not only produce quality biodiesel, but also that we do so within the cost structures we have imposed," stated AFAI CEO Craig Frank. "These 3 phases of trials will allow us to pinpoint issues, make the appropriate adjustments, and finalize processes that will ensure the sustainable and profitable production of biodiesel. This is yet one more step on our path to value creation."
"AFAI marked the completion of our trials this past spring", continued Mr. Frank. "During this R&D period we created and set up for implementation a wide range of operational activities, including Project Jetropha, our wild feedstock program, the signing of offtake agreements and additional projects in development. We are pleased that since we have initiated our active strategy we are moving rapidly toward growth. It is our intent to continue on this path".
AFA is a "seed to pump" vertically integrated energy company engaging in all phases of the biodiesel process - planting, growing, and harvesting Jatropha, crushing and refining the seeds into biodiesel, and selling the green oil into local markets. For more information, visit http://www.alternativefuelsamericas.com
Forward Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
SOURCE Alternative Fuels Americas, Inc