LONDON, Feb. 9 /PRNewswire/ - Four Rivers BioEnergy Inc. (OCTBB: FRBE &OTCQB: FRBE) Issued a letter to shareholders earlier this week from its Chief Executive Officer, Stephen Padgett, providing a quarterly update report on progress around the Company's UK Waste-to-Energy project, which is entering into the final stages of pre-production development.
Highlights of the letter are included below and the letter in its entirety has been posted to the Company's web-site under the Corporate Presentations section (http://www.riv4ers.com).
In his letter, Mr. Padgett sets out, in more detail than hitherto, some key areas of the Company's strategy and encourages readers to visit the Company's web site where a new updated Corporate Presentation has been posted.
He explains that a key part of this strategy is to vertically integrate into the waste liquid biomass supply chain and he summarises the multiple strategies that are being pursued here, including potential merger with or acquisition of existing feedstock handling companies.
He goes on to explain how Verta will expand its capability in pre-processing this waste biomass to make it suitable as a viable feedstock. An important aspect of the Company's UK plant is its expertise, capability and capacity for handling, pre-treating, blending and storing waste liquid biomass.
The letter also summarises progress being made towards generating renewable electricity at the Company's UK site. It also sets out the Company's strategy to create optionality in revenue generation, through being able to produce a choice of (a) renewable electricity to be sold directly into the grid via sub-stations already on the site and/or (b) renewable bio-diesel (which it would sell through its off-take contract with BP), both from the processed waste liquid biomass feedstock.
About Four Rivers BioEnergy Inc.
Four Rivers BioEnergy Inc. is focused on realizing the potential to produce and sell energy (in the form of electricity) from sustainable waste and renewable feedstocks. The Company operates under the trade name Verta Energy. Our business model involves the vertical integration of the energy production cycle from feedstock procurement and processing through to electricity generation and sale, all within one business model and on integrated industrial sites. The Company is presently in the final phases of completing its first Integrated Waste to Energy Plant on an industrial site in the UK which it acquired in 2009.
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. These statements are based on management's good faith views and expectations when made. Forward-looking statements are inherently subject to known and unknown risks and uncertainties which, in the case of the company, include raising adequate capital to continue operations, technology and product development uncertainties, competition, cost and availability of feedstock, and plant development and manufacturing scale up. Actual results may differ, perhaps materially, from those discussed in the forward-looking statements. The company discussed in this release is not obligated to update its forward-looking statements or comment on those differences. Readers are encouraged to refer to the recent public filings of the company to further ascertain the risks associated with the forward-looking statements. Readers are urged not to place undue reliance upon such statements.
SOURCE Verta Energy