$2 Billion Investment In Baytown - 2008/06/02 10:28 amSustainable Power Corp. Announces Initial Agreement With L.Sole' S.A. for Expansion of Baytown, TX Facility
Last update: 10:00 a.m. EDT June 2, 2008
BAYTOWN, TX, Jun 02, 2008 (MARKET WIRE via COMTEX) -- Sustainable Power Corp. (PINKSHEETS: SSTP) is pleased to announce today that it has signed an initial agreement with with L.Sole', S.A., a leading company in Spain responsible for building over 400 biomass powered facilities throughout Spain, the European Union, Russia and in all of Latin America. In the initial agreement, L.Sole', S.A. agrees to provide up to $2 billion in financing to fund the expansion of SSTP's Baytown, TX facility, as well other facilities worldwide utilizing SSTP's total solution technology. The financing will be in the form of debt, and is therefore non-dilutive to the existing SSTP shareholder base. L.Sole' also plans to "EPC" (engineer, procure and construct) a minimum of 400 reactors in Baytown, Texas. A copy of the initial agreement has been posted to the SSTP website : http://www.sustainablepower.com/content/resources/
sstp_lsole_080528.pdf A further definitive agreement is expected to be consummated between the parties shortly. The expanded Baytown plant is expected to house a minimum of 400 bio-reactors which would produce approximately three (3) million gallons daily of SSTP's green biofuel, which includes jet fuel, diesel, and high-octane bio-gasoline meeting all ASTM specifications. In addition, L.Sole', S.A. has agreed to immediately deploy a team of engineers and specialists in bio-fuel and power generation to the Baytown facility. Further information on L.Sole' can be found at www.lsole.com John Rivera, CEO, stated, "This initial first step with L.Sole' comes as a result of recent meetings with the Parlacen of Central America. Through our board member and President of the Parlacen, Julio Gonzales-Gamarra, we were introduced to L.Sole'. Victor R. Bendeck, CEO of the Latin American division of L.Sole', S.A., is a leader in the biomass field with decades of experience and background in this area. We are particularly delighted to ally with L.Sole' to provide a solution to this continuing and growing worldwide oil crisis."
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bosawj
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Re:$2 Billion Investment In Baytown - 2008/06/02 05:06 pmGood morning, I know how upsetting it gets to watch a stock that you spent countless hrs researching, and watching on a daily basis just drop, and all your money is just gone. Now you are one of the longs, this has become almost a daily situation for most. I am tired of loosing money too. So I found a way to make money, I don’t have to do any research, or sit in front of my computer day in and day out watching and waiting, just to be disappointed. This is all free, and it works. All I ask is that you take a look at it and see what you think. It is so simple That it is almost a sin, please just look at it for yourself, see what I am talking about. You will be happy that you did. NO MORE RISKY INVESTMENTS.
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Pipa
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Re:$2 Billion Investment In Baytown - 2008/06/02 08:25 pmPlease get this (BOZO) bosawj off the Stockwire board.....He's a scumbag spammer.
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speculater
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SSTP Now On L. Sole Website - 2008/06/04 01:36 amPress Release
LSolé announces preliminary strategic alliance agreement with Sustainable Power Corp. for the engineering, procurement and design (EPC) for at least 400 bio-reactors designed to produce up to 3 million gal a day of SSTP's green biofuel.
With an experience of 40 years, LSolé engineers, manufacture, installs, services and exploits energy plants based on the use of biomass. We are very satisfied with this agreement that will guarantee our leader position for the upcoming years introducing a technology called to revolutionize the world energy market.
Our agreement involves the use of a Purchaser Credit Program which is a tool designed by european banks to facilitate and promote the export of goods and machinery from EU companies to the rest of the world.
One of the benefits of this program includes a quick process in a way that the granting bank analyze the purchaser and in a timeframe of less than 3 months qualifies him as subject of credit defining his eligibility to complete the financial operation.
Following the bank approval a definitive agreement between SSTP and LSolé will be celebrated including the business plan and its terms and conditions.
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CockyFox
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Re:SSTP Now On L. Sole Website - 2008/06/06 02:05 pmHey great news, Speculator. But what does it take to move the PPS? I am truly amazed with all thats been reported the price per share just seems to either stay the same or sink lower. Go figger.
FoxCockyFox--The Henhouse Raider "Let There Be Profit"
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Tomm
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Re:SSTP Now On L. Sole Website - 2008/06/10 08:15 amIt's based on supply and demand. As long as the supply of stock doesn't deminish (printing presses abound) the price will stay low and they will draw all the small investment money they need to sustain, because it is such a possible promise of profit for the investment. Problem is, if the price of the stock goes up, who will invest in it with this kind of track record?I don't want to own the world...just the part that pays off.
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Sustainable Power Corp. Receives Confirmation That Its Bio Crude Components Are Capable of Producing Marketable "Green" Gasoline Wednesday June 11, 9:37 am ET
BAYTOWN, TX--(MARKET WIRE)--Jun 11, 2008 -- Sustainable Power Corp. (Other OTCSTP.PK - News) is pleased to announce today that it received confirmation from AmSpec Services, LLC that its bio-crude samples produced and taken from its Baytown, Texas facility were found to have similar properties to material used for gasoline blend stocks, which are used to create marketable gasoline.
John Rivera, Chairman of SSTP, stated, "AmSpec's analysis confirmed that our 'all-green' bio-crude is a revolutionary alternative to conventional petroleum-based crude and is a possible solution to the oil crisis currently plaguing the nation. With gasoline reaching over $4.00 per gallon nationwide, and with crude oil hitting new highs, it is at a most opportune time for the Company to receive AmSpec's findings."
"The uniqueness of our process is that it utilizes non-food grade materials, thus having no effect on commodity prices and supply. The pricing of our 'all-green' bio-gasoline would be substantially less than what consumers are currently paying for petroleum-based gasoline while further adhering to the government's new proposed environmental guidelines," added Mr. Rivera.
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jovval
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Re:"Green" Gasoline Confirmation - 2008/06/15 01:22 am
Yeee Hawwwww !!!!
Keep them Doggie's GOIN !!!!!!
I Could Sure Use a Vacation !!!!!!!
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speculater
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Biomass Magazine SSTP Article - 2008/06/15 01:58 amFrom the June 2008 Issue
Sustainable Power Corp., L.Sole’ agrees to form strategic alliance By Bryan Sims
Web exclusive posted June 9, 2008 at 5:08 p.m. CST
Baytown, Texas-based Sustainable Power Corp. has signed an initial agreement with L.Sole’, S.A., a leading engineering, construction and procurement (EPC) firm based in Spain, where L.Sole’ will provide up to $2 billion in financing to fund the expansion of SSTP’s Baytown, Texas renewable energy and biofuels facility, as well as other similar facilities worldwide, utilizing SSTP’s total solution technology.
The nature of the funds put forth by L.Sole’, and agreed upon by SSTP, will be in the form of complete non-dilutive debt project financing whereby it will not affect SSTP’s existing shareholder base. A further definitive agreement is expected to be finalized and announcement by the two parties soon.
L.Sole has agreed to serve as SSTP’s EPC firm for the installment of a minimum of 400 of SSTP’s bio-reactors in Baytown, Texas. Upon completion, the facility will be capable of producing approximately 3 million gallons daily of SSTP’s renewable fuel, including jet fuel (bio-kerosene), a biocrude oil, a high octane biogasoline and OD-66, a renewable diesel blendstock that meets all ASTM specifications.
According to SSTP Founder and Chairman John Rivera, L.Sole’ will also aid in the development of SSTP’s aggressive efforts in Central America to reduce dependency of imported energy resources in developing nations. SSTP created a fully owned Central American subsidiary, SSTP Central America Guatemala, S.A.’s where the company is initiating a campaign to deploy a 7 gigawatt, 4,000-bioreactor renewable fuel and energy facility in Guatemala.
SSTP is also targeting projects in Malaysia, Australia and Haiti.
“This initial first step with L.Sole’ comes as a result of recent meetings with the Parlacen of Central America,” Rivera said. “Through our board member and president of the Parlacen, Julio Gonzales-Gamarra, we were introduced to L.Sole’. We are particularly delighted to ally with L.Sole’ to provide a solution to this continuing and growing worldwide oil crisis.”
Currently, SSTP, a research and development company spun off by U.S. Sustainable Energy Corp. in Natchez, Miss., has its facility producing at a capacity of 2.4 MMgy. Along with expanding its capacity, SSTP intends to add a 500 megawatt power plant on site, an algae farm for use as biofuel feedstock, storage tanks, a rail line for distribution and input of products. As well, it will also buy and sell carbon offset credits on the Chicago Climate Exchange.
Sustainable Power Corp.'s All Green Jet Fuel, Combined With an Undisclosed Airline Jet Fuel, Provide Favorable Test Results on "All-Green" Bio-Jet Fuel Blend
Monday June 16, 2:50 pm ET
Over 18 Billion Gallons of Jet Fuel Consumed in 2007 for Scheduled Domestic and International Flights
BAYTOWN, TX--(MARKET WIRE)--Jun 16, 2008 -- Sustainable Power Corp. (Other OTCSTP.PK - News) is pleased to announce today that joint testing conducted with an undisclosed airline, which provided jet-fuel, combined with the Company's "All-Green" bio-jet fuel, resulted in impressive results.
A 90/10 jet fuel blend was created by combining ninety percent (90%) of the undisclosed airline's currently-used petroleum-based jet fuel with ten percent (10%) of Sustainable Power Corp.'s "All-Green" bio-jet fuel.
The sample testing, conducted by AmSpec Services, LLC, concluded that Sustainable Power's 90/10 blend had met and exceeded current jet fuel specifications and that the Company's "All-Green" bio-jet fuel is a viable replacement for a portion of the petroleum-based jet fuel used in all passenger aircraft.
Neil Boone, V.P. of Special Projects for Amspec, stated, "We were pleased to oversee the blend between this airline's current jet fuel and Sustainable Power Corp.'s bio-jet fuel. The attached lab results met and surpassed all the standards the airline has requested from us."
John Rivera, Chairman of SSTP, stated, "In 2007, the total jet fuel consumed for domestic and international scheduled flights totaled over 18 Billion gallons(1) and these figures do not include military or private aircraft use. With the current price range for jet fuel of $7-$8(2) per gallon in some areas of the United States, an initial 10% share of this market would be an overwhelming achievement for the Company."
"Given the current rise in jet fuel and all petroleum-based products, a goal of a 10% market share should give the investment community an idea of how significant this announcement is to the company's future potential revenue stream," added Mr. Rivera.
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speculater
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SSTP On Airline News Website - 2008/06/18 02:51 amScroll about halfway down the page, look for the heading about 'biofuel': http://news.cheapflights.com/airlines/
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StevieB
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Re:Jet Fuel Press Release!! - 2008/06/18 10:21 amAny speculation on who the airline is?
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speculater
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Lufthansa & SSTP/USSE ??? - 2008/06/18 05:46 pmIs Lufthansa (2nd largest in Europe) the undisclosed airline? No one said it had to be an American airline. This report has Lufthansa and SSTP mentioned in the same article, both citing 10%. Hmmmm. Is the 10% figure cited by both companies just a coincidence? Or perhaps there is more to this?
Lufthansa may be the airline that leads the way in green travel. The airline has announced that it will start mixing bio-fuel with kerosene to help decrease carbon emissions and increase the alternative fuel usage. According to reports, Lufthansa’s goal is for the bio-fuel mixture will account for 10 percent of its fuel within 12 years. The news comes on the heels of yesterday’s report that Sustainable Power, a bio-fuel company and makers of Vertroleum, has been working with “an undisclosed airline” to test a blend of petroleum-based jet fuel and bio-fuel.
As reported in Aviation Week, the aviation group (which includes Lufthansa, Swiss International Airlines, and MRO Lufthansa Technik) released 15 new environmental guidelines that the group says will increase “progress in environmental efficiency by the year 2020” and work to protect the air quality and climate by way of airlines and air traffic.
Lufthansa’s plan includes more than just reducing the carbon footprint at 30,000 feet. The guidelines also commit to working with other international green-friendly organizations to create solutions for reducing emissions in air traffic and promoting green-friendly flying alternatives.
In the Aviation Week report, Wolfgang Mayrhuber, Lufthansa Chairman and CEO, said: “With the four-pillar strategy agreed with other airlines, we have an effective and comprehensive concept for reducing emissions, whereby standardization of air traffic control through implementation of a Single European Sky remains Europe’s single biggest environment protection project.”
A Baytown businessman could hold the solution to the nation's energy crisis.
The joke around the office at Sustainable Power Corp. these days is what Chairman John Rivera likes to call the, "Liars Club." Why?
"Anyone you tell about this will call you a liar," he said.
In an economy that has been held hostage by oil prices rapidly approaching the stratosphere, this Baytown-based alternate energy company has found a way to make substantial amounts of crude oil from farm waste.
Now Rivera must convince potential investors that his trade secret - 21 years and $31 million dollars in the making - isn't just a bunch of smoke and mirrors.
The "Rivera Method" - takes such agricultural refuse as cracked soy beans, rice and cotton seed hulls, grain sorghum, milo and jatropha and turns them into bio-crude oil. This crude - or Vertroleum, as Rivera calls it - can then be refined further into everything from gasoline to jet fuel and just about every petrochemical in between.
What's more, Rivera claims that products made from Vertroleum burn at near 100 percent efficiency, leaving behind neither heat nor pollution as proof of the chemical reactions taking place.
To demonstrate, Rivera set fire to two samples of oil. The first sample - a few drops of conventional petroleum - burned briefly before dying out, leaving behind only wisps of black smoke and an unmistakable smell. The second sample - Rivera's Vertroleum - not only produced a taller flame longer but was decidedly absent of both smoke and smell.
For further proof, plant workers cranked up both a large industrial engine block and a four-wheeler powered by Vertroleum gasoline to display the fuel's compatibility with today's combustion engines. Even after a few minutes of operation, the engine block was cool to the touch while the four-wheeler's exhaust pipe seemed to emit little more than warm, odorless air.
"Our biggest problem is that we are too good to be true," Rivera said. "We can literally replace every gallon of gasoline, diesel and jet fuel in the United States using just 12% of the waste byproducts in the country."
And if that wasn't enough, the sole byproduct from the crude-making process is fertilizer: 737-grade, all organic fertilizer.
"The fertilizer is worth about 15 cents per pound, but the fuel byproduct is worth much more," general manager Gerald Brent said.
Sustainable Power currently houses five of these Vertroleum-producing reactors within its Baytown facility, the largest of which is capable of continuous output in just under nine minutes of operation. In addition to the central reactor, the company has also built four much smaller reactors that can be delivered to potential investors in order to both assuage doubts and test the viability of local farm wastes.
The eventual goal, Brent said, is the construction of 400 reactors at the Baytown facility - each capable of producing 6000 gallons of bio-crude a day - and a (Vertroleum-powered) 500 megawatt energy plant capable of servicing 400,000 homes.
Brent expects the facility to be ready within the next 12-18 months. "We have to build this from the ground up. This is just our proof-of-concept," he said.
Powergen Development Vice President Jim Armstrong expressed appreciation for the time and effort put into developing alternate energy sources, stating that Rivera's discovery comes at a critical moment in the country's energy crisis as the cost of oil continues to strain peoples' already tight budgets.
"This is like Thomas Edison's lab 100 years ago. It's all about playing with new ideas and finding out what works and what doesn't. Without research and development, you get nothing new," he said. "This winter people in the North will be deciding whether to spend money on heating oil or food. Where did we miss the boat?"
"There's a reason why everyone is excited about this. It's going to change our entire energy economy," assistant plant manager Scott Lausch said. "It may not replace oil - yet - but it will help our fuel supply last longer and show people that there are other ways to make it."
In the meantime, Rivera plans to sell his Vertroleum as a component that will be blended with conventional petroleum-based gasoline. Federal law states that 4 percent of all gasoline and diesel must be produced via alternate or green methods by 2010.
"For strictly commercial reasons it's better to start off selling it as a blend because it earns us more money being a green energy source," Rivera said. "As we go into production where we can make a dent in the 57 million gallons used every day, it will be 100% bio-crude."
Rivera promises to one day sell his gasoline for a dollar less than the pump price for regular fuel, no matter what the cost. "Even if it's two dollars per gallon, I'll sell mine for one dollar" he said.
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speculater
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BAYTOWN PLANT TO PRODUCE ALTERNATIVE FUELS - 2008/06/20 05:41 pmBy Tara Sullivan
The Baytown Sun
Published June 20, 2008
From green to black gold, John Rivera said his efforts are an answer to pleas from a nation suffering an average of $4 per gallon of gasoline at the pump.
Those pleas are heard in silence as bicyclists ride the streets and workers stroll, lunch sacks in hand.
Along Decker Drive, a storage center hoists a sign asking for one solution to lower gas prices: drill for oil here at home.
Manager JoAnn Hicks of Baytown Self-Storage said oil prices are “crazy” so her storage company has been collecting signatures since Monday as part of Newt Gingrich’s national campaign called “American Solutions” which seeks to solve the gas problem.
“Alternative fuel is going to have to be the way of the future,” she said. “We wanted to do our part right now, so we put it up on the sign. We’ve had a few people come in just for the purpose of singing the petition.”
On the other side of town, Rivera and his team said that “future” solution has arrived in the form of a company called Green Energy Baytown.
He said Baytonians would even be able to fuel their own vehicles with low-priced gasoline made from soybeans in 90 days.
Known by friends as “The Rhino” because of his refusal to give up (Rhinos can’t walk backward), Rivera became interested in biofuel after investing in a Mississippi process that didn’t work.
“Someone got me to invest in a $500,000 process that didn’t work and it intrigued me,” he said. “I’m one of those crazy people who has never lost in his life and I decided I wasn’t going to stop there.”
With a background in power and co-generation (a process which aims to get more from the fuel consumed), Rivera began “tinkering.”
The process he developed mimics the way nature makes oil. It heats, cools, compresses and condenses compost until there are two products left: crude oil and carbon.
The difference is it takes millions of years in nature, but only hours with Rivera’s process.
The carbon material is actually a fertilizer, which can be sold back to the farmers he took the soybeans from in the first place, so Rivera’s process doesn’t create waste.
Employee Tommy Minton, who followed Rivera from Mississippi, refers to the process as “cooking.”
He explained that while the onsite produced gas he pours in four-wheelers and lawn mowers on site has been made from soybeans, they could actually use a variety of agricultural waste with a little “tweaking of the recipe.”
“Someone brought horse hay from Florida and we got a little bit of oil from it - just from regular old horse hay,” said Minton. “Some things work better than others, but the bottom line is it does work.”
Minton explained that organic matter is the basis of and crude oil is the basis for all fuels and petrol-products, so long as the correct recipe is used.
The recipes he and his co-workers have perfected make different products from different beginnings, but all of them produce oil.
Using those recipes, Rivera is making what he calls “vertroleum,” a product that is identical to crude oil used by oil giants like Exxon Mobil.
When confronted with speculation, Rivera is quick to pull out AmSpec inspection papers.
The company is U.S. Customs-approved to gauge petroleum products and Green Energy Baytown got their stamp of approval last week.
“We believe that Sustainable Power bio crude when refined can produce “green” components which can be blended into marketable gasoline,” the inspection reads.
AmSpec has also approved the refined biofuel (for cars) and bio jet fuel products produced from Green Energy’s crude product.
A framed a photo of an employee wearing an “I’m a believer” T-shirt is kept in the work trailer at Green Energy.
The man in the photo said he was skeptical at first, but has since joined the “Liar’s Club,” a group of people who once called Rivera a liar but have since “eaten their words.”
Rivera chuckled at the photo and sat back.
“This is for my great, great grandchildren,” he said, his wife Alice smiling beside him. “So they can breath clean air.”
So, we know the answer to “why now,” but how about, “why Baytown?”
Rivera said he came here by “happy accident.”
He fell in love with the area when he was dealing in the failed Mississippi venture.
“I thought, ‘these people love energy,’” he said. “The community has totally embraced us and we want to make sure we take care of Baytown.”
That care will come in two forms: jobs and gas savings.
Rivera said the latter would be had in 90 days, passing savings of $1 per gallon down the chain.
Though his company will not be in the business of distributing fuel direct, Rivera is planning to sell the fuel to a local gas station.
That location has yet to be revealed.
“When I say $1 a gallon, I mean $1 the consumer can save,” he said. “On a 30-gallon tank that’s saving you $30 each time you fill up.”
Tucked away behind Consort Concrete, between the Pinehurst and Devinwood subdivisions, are rows of barrels of crude oil and several busy bulldozers.
The dozers are making room for a 500-megawatt facility (which is enough power for 400,000 average homes), which will sit upon Green Energy’s 200 acres of land.
A small test-facility is already in place, producing some amount of crude oil.
Rivera said the larger plant will be completed in 8 to 16 months, though four reactors will be up and running in 60 days. He expects those four alone to produce 24,000 gallons of oil a day.
It will be from those four reactors that Rivera will begin selling his product to consumers.
When the entire facility is complete, that number should grow to 3 million gallons per day.
Rivera said he would need 2,000 employees for that plant, bringing more jobs to Baytown.
Already, Rivera has received support from various nations, including Guatemala and Spain.
He said there has been no response yet from the White House.
“If the politicians really care about the energy crisis, come to Baytown, Texas and either endorse me or put me in jail,” he said.
With or without domestic support, Rivera plans to use his process in virtually every arena that takes oil.
Already in place on the 200 acres where the Green Energy plant will stand are energy hook-ups, which he plans to use to run power to homes and businesses.
He said while the gasoline will roll out first, the energy and other petrol-products are soon to follow.
STP.PK - News) is pleased to announce today that it received confirmation from AmSpec Services, LLC that its bio-crude samples produced and taken from its Baytown, Texas facility were found to have similar properties to material used for gasoline blend stocks, which are used to create marketable gasoline.
