The Feedstock Solution: Green Star Products Executive Tells Wall Street Reporter How His Technology Can Help Liberate Biofuels From Corn and Soy
NEW YORK, Sep 20, 2007 (PrimeNewswire via COMTEX) -- Wall Street Reporter Magazine recently broadcasted an exclusive interview with Joseph LaStella, president of Green Star Products Inc. (Pink Sheets:GSPI), detailing how his company is in the right place to wean biodiesel and ethanol producers off their dependence on traditional oilseed agricultural commodities.
"People didn't realize there was going to be a shortage of feedstock both in the biodiesel side of the business and the ethanol side of the business," Mr. LaStella tells Wall Street Reporter. "We're taking food off the table and making fuel out of it, and that has never been an answer."
The interview is now available at http://www.wallstreetreporter.com/page.php?page=featured&tab=2&id=26706 in streaming audio and mp3 format, free of charge.
Highlights include discussion of the following topics of interest:
-- How the recent run-up in corn and soy prices has effectively locked up the emerging biofuels production industry.
-- How the company's canola oil production strategy offers local farmers a short- and long-term sustainable energy independence solution.
-- How Green Star's efforts to develop algae in particular as an alternative biodiesel feedstock are approaching the commercial stage. "We're very close to it," he says, indicating that the infrastructure for algae farming could take six months to a year or more to put in place.
-- How the company's algae-driven biodiesel production process represents a cost-effective advance compared to closed-reactor algae systems or open ponds.
-- The advantages of cellulosic ethanol production, which can generate ethanol out of a wide range of agricultural waste including wood, rice and corn stalks and municipal waste.
"We've been in the biodiesel business for a long time," he tells WSR. "We have the most advanced, cost-effective and fastest biodiesel reactors in the world."
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About Green Star Products Inc.
Green Star Products Inc., through its subsidiaries, engages in the construction of biorefineries for the production and global sale of renewable clean-burning biodiesel and cellulosic ethanol. Other environmentally sustainable products include lubricants, additives and devices that are used in vehicles, machinery and power plants.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Wall Street Reporter Magazine; Green Star Products
Wall Street Reporter Magazine
Jack Marks, CEO & Publisher
212-363-2600 ext 260
www.wallstreetreporter.com
Green Star Products Inc.
Joseph LaStella, President
619-864-4010
www.greenstarusa.com
Green Star Products, Inc. (OTC:GSPI) (OTC:GSPI.PK) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products and its Consortium are involved in the production of renewable clean-burning biodiesel and other products, including lubricants, additives and devices that reduce emissions and improve fuel economy in vehicles, machinery and power plants. For more information, see Green Star Products' Web site at http://www.GreenStarUSA.com, or call Investor Relations at 619-864-4010, or fax 619-789-4743, or email info@GreenStarUSA.com. Information about trading prices and volume can be obtained at several Internet sites, including http://www.pinksheets.com, http://www.bloomberg.com and http://www.bigcharts.com under the ticker symbol "GSPI".
Forward-looking statements in the release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic filings with the Securities and Exchange Commission.
CONTACT:
Green Star Products, Inc.
Joseph LaStella, President
619-864-4010
619-789-4743 fax
info@GreenStarUSA.com
Last Updated: September 20, 2007