The plan for Vega and its Joint Venture partner, Global Capital Market, LTD is to build up to 10 manufacturing plants throughout the country.
Michael K. Molen, Chairman of Vega, stated, "We have been working on this project for quite awhile and we are very proud to have an Agreement in place. We have a very strong partner in China and look forward to building multiple manufacturing facilities throughout the country. GCM and its partners will provide us with an unlimited supply of raw biomass that will be turned into torrefaction pellets. The demand for this product around the world is substantial. We believe that we are in the right place at the right time. This Agreement has the potential to change our Business Plan tenfold. Our plan is to have the first plant operational within the next few months. We'll have a lot more information about the size and scope of this project in the next couple of weeks."
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