Green Star Products,
Inc. (PINKSHEETS: GSPI) announced today that on July 11, 2011, Biodiesel
Magazine (http://www.biodieselmagazine.com)
wrote an article titled "Washington plant restarts biodiesel production,
canola crushing."
The article stated: "After sitting idle for a
year, Inland Empire Oilseeds LLC managed to restart production at its 8 MMgy
canola-based biodiesel facility, including an adjacent canola crushing plant,
in Odessa, Washington."
The article further stated: "The plant
resumed production in June and held an open house for industry and community
members in July to commemorate the opening. [Also on site is] the canola crush
facility, which can crush about 90 to 100 tons of canola per day.
"The Inland Empire Oilseeds plant first came
online in November 2008. The company is a vertically integrated company and
sources its feedstock within Washington and neighboring states of Oregon and
Idaho, crushes seed and produces its own biodiesel."
Green Star presently owns a 10% interest in the
biodiesel plant and crushing facilities at Odessa. However, present owners will
probably experience a reduction in participation to attract additional funding.
Mr. Joseph LaStella, President of Green Star
Products, commented: "Green Star Products built the biodiesel plant in
2007 and 2008. There were some initial start-up problems associated with the
back end of the plant. The proprietary continuous flow reactor built by Green
Star is responsible for turning raw oils and methanol catalyst through a
transesterification chemical process into biodiesel. After our reactor,
methanol and glycerin are removed from the chemically reacted biodiesel to
achieve market certification. The Odessa plant is one of the few plants in the
United States which is capable of processing raw seed grown by local farmers
directly into biodiesel."
A banner which was placed at the Odessa plant in 2007
stated, "This Is Our Declaration of Energy Independence." This
declaration was trademarked by Joseph LaStella.
In 2003, Mr. LaStella distributed a report called
"New Generation Co-ops." This report was based on some earlier work
by university professors which state that the only true way for local farmers
to establish true independence from the grips of foreign oil is to take a
portion of their land and grow oilseeds, either soybeans or canola. Farmers
should band together and build crushing plants in association with biodiesel
plants. Exactly what was done in Odessa, Washington.
Approximately 90% of all the biodiesel plants in
the United States do not have crushing facilities and are totally dependent on
often irrationally high international vegetable oil prices.
Mr. LaStella stated: "Such a plant should be
looked at by the local community not as an initial money making proposition but
as an insurance policy that extends forever for local farmers so they will
never be held hostage to foreign oil. If farmers produce oilseeds locally and
invest in a crushing/biodiesel facility they can always obtain two things that
they need: clean feed for their livestock and most importantly they will always
have fuel to run their tractors and other farm equipment."
Mr. LaStella further remarked: "The United
States has concentrated for the past ten years on producing ethanol. Farm
equipment, railroads and the entire transportation industry runs on diesel not
on ethanol. Therefore, we must understand that all the ethanol in the world
will not keep United States' industries operating.
"Our proprietary continuous flow biodiesel
reactor is the cornerstone for all the future biodiesel plants that we will
build around the world."
Another article, outlined in Biofuels Digest,
titled "Biofuel Mandates Around the World" (http://www.biofuelsdigest.com,
July 21, 2011), stated that by 2022, 52 countries worldwide will be building at
least 1,000 biorefineries to meet their 60 billion gallon per year mandate.
These mandates are in place now. Already, Green Star has been asked to bid on
biodiesel plants in other countries. Recently, GSPI submitted a bid with an
international company on the first of 40 biodiesel plants in Ukraine. This is
one of several countries which have requested further information about our
proprietary reactor system and biodiesel plants.
About Green
Star Products:
Green Star Products, Inc. (US OTCPK: GSPI) is an
environmentally friendly public company dedicated to creating innovative,
cost-effective products to improve the quality of life and clean up the
environment. GSPI and its Consortium are involved in the production of green
sustainable goods including renewable resources like algae biodiesel and
clean-burning biofuels, cellulosic ethanol and other green products, as well as
lubricants, additives and devices that reduce emissions and improve fuel
economy in vehicles, machinery and power plants.
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, new products and technological changes, dependence on third-party
suppliers, and other risks detailed from time to time in the company's periodic
filings.
CONTACT:
Joseph LaStella, President
Green Star Products, Inc.
800-741-7648
800-340-9784
619-864-4010
619-789-4743 (fax)
