Green Energy Consortium Signed! - 2007/11/30 12:06 pmPress Release Source: Sustainable Power Corp.
Sustainable Power Corp. Announces Green Energy Consortium Friday November 30, 11:32 am ET
Signs Co-Development Agreement With Blue Harbor Energy, Inc.
NATCHEZ, MS--(MARKET WIRE)--Nov 30, 2007 -- Sustainable Power Corp. (Other OTCSTP.PK - News) is proud to announce a reached agreement of a new project named Green Energy Consortium (GEC) based in Baytown, Texas. This agreement is to use SSTP's technology of the conversion of agricultural recycled feedstock to a variety of Green-based products that will produce biocrude, biogasoline, pharmaceutical grade glycerin and 500 megawatts of green power.
Imagine multiple types of fuels that are derived from the same feed stocks as cellulosic ethanol like grass, sugar cane, and corn stover; soy hulls but contain at least 300% more energetic content and are made by a process that uses 90% less energy. Unlike cellulosic ethanol, these fuels can be distributed by using existing oil pipelines, rather than uneconomical trucks and trains, dispensed through existing gas stations, rather than specialized pumps, and used in existing engines, rather than modified "flex-fuel" engines. In short, these are biofuels that can be substituted directly and immediately for gas or diesel on a gallon-for-gallon basis.
Sustainable Power Corp. (SPC) announced today that it has entered into a co-development agreement with Blue Harbor Energy, Inc. (Blue Harbor) to move forward its Baytown, Texas renewable fuel production and renewable energy electricity production facility. The Baytown project in envisioned to bring together SPC's propriety liquid biofuel generation and refining technology with electric power generation and a concrete plant to create a facility that produces liquid fuel suitable for use in current internal combustion engines, electric power that is generated solely from renewable sources and concrete that is produced using green power. Capacities and outputs for each phase of the operation are not yet final.
"We have been proposed financing offers for the project from undisclosed parties and expect more to come," stated Keith Mazer, President of Sustainable Power Corp. Mr. Mazer continued, "This is a monumental project and we're very excited to see the interest and confidence shown by some of the industry's largest capital investment groups. The world is in desperate need of green fuel and energy and we now have the ability to meet that need."
Under the terms of the agreement Blue Harbor will begin work immediately to work with SPC senior management to complete the development work necessary for securing the equity investment into the project. No time frame was announced for completion of this initial phase.
Texas was chosen by Sustainable Power because of its industrial and oil friendly environment. The Baytown property has rail, truck, pipeline and power grid access on site and barge access only a few miles down the road to support our feedstock needs.
Mr. Mazer stated, "We are pleased to have Blue Harbor as part of our team, and look forward to working with them."
"We have looked at this project and are excited about a renewable energy power generation of this magnitude," said Dr. White of Blue Harbor Energy, a co-development company. "We are looking forward to working with Mr. Mazer and the SPC team to finalize the development effort and bringing the project online as quickly as possible to realize its reduction of GHG and positive environmental impact."
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel. For more information please visit www.sustainablepower.com.
About Blue Harbor Energy, Inc.
Blue Harbor Energy is the energy project co-development company which provides management, technical management, commercial back-office and contract negotiation services to energy project developers. For additional information contact Dr. Jeff White at white@blueharborenergy.com
Bruce C. Woodry, Chairman & CEO Mr. Woodry is Founder, Chairman and Chief Executive Officer of Sigma Capital Group, Inc. an investment bank and his 14 years of experience in the corporate world includes Sperry Univac, and General Electric. He has held engineering, sales and marketing, product development and executive management positions.
Sigma Capital provides representational and advisory investment banking transactions ranging from $5 Million to $250 Million in deal size. Collectively, the partners of Sigma Capital have over $8 billion of transactional experience with over $1 billion of renewable energy project finance. At Sigma Capital Mr. Woodry has had over twelve years experience on over 250 client projects for companies ranging from emerging growth stage to mature divisions of Fortune 500 companies.
While focusing on investment banking, he has also had client assignments dealing that include turn around management, technology acquisition/spin-out and strategic market development . He has founded several entrepreneurial companies, and currently has board directorships on companies in the software and energy industry sectors.
Mr. Woodry is active or has been involved in numerous community and pro-bono activities that stimulate economic growth, including the Council for Entrepreneurial Development of the North Carolina Research Triangle Area; is a founding member of NCEITA and served on their Capital Formation Committee and was Chairman of the Strategy Formulation committee. He also serves as an advisor or board member to various business development committees in North Carolina, including serving as the Chairman of the NCTDA Study Committee on Venture Capital for the Governor's Entrepreneurial Development Board, Council for Entrepreneurial Development's Venture Series, and the NCTDA's Investment Advisory Committee and The Research Triangle Park economic development initiative which catapulted the region into a technology hotbed. Mr. Woodry is currently a member of the Michigan Public Service Commission=s Michigan Renewable Energy Program, Finance Committee and is a frequent speaker on renewable energy and finance matters.
Mr. Woodry holds a BSEE degree and has taken advanced management courses in marketing and finance at General Electric where he was given the Peak Award for outstanding contribution.
Dr. Jeff White, Advisor, Biomass to Energy Dr. White has recently joined Sigma Capital as an advisor in Biomass to Energy conversion. For the past two years, Dr. White served as Executive Vice President of Renewable Utility Development Corporation where he devoted his time to developing deep expertise in the areas of biomass to energy including gasification, liquid fuel, pyrolysis, waste processing, cellulosic ethanol production and power generation technologies emanating from North America and European Communities. Dr. White was instrumental in selecting technologies and developing several biomass projects in excess of $100 Million project cost each.
Prior to that, Dr. White spent over 12 years as an entrepreneur specializing in biopharmaceuticals and various executive positions, including Senior Science Consultant at Bogart, Delafield, Ferrier LLC, a strategic consulting company for the pharmaceutical industry, Chief Scientific Officer of Predict, Inc., a clinical bioinformatics company, founder and President of Metacrine Sciences, Inc., a drug discovery company and was a founding scientist and Director of Biochemistry and Cell Biology at Trophix Pharmaceuticals, Inc. Dr. White has extensive experience in technology evaluation, developing business models and in all aspects of capital raising.
Prior to moving into industry, Dr. White was a tenured Associate Professor of Medicine/ Endocrinology and Neurobiology & Behavior at SUNY Stony Brook and currently maintains an appointment as Adjunct Associate Professor in the Department of Animal Sciences, Rutgers University. Dr. White graduated /cum laude/ from Wesleyan University and received his Ph.D. in Cell Biology from SUNY Stony Brook.
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mlg2919
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Posts: 39
Re:Green Energy Consortium Signed! - 2007/11/30 03:22 pmSpeculater,
I was under the impression that NO Finaning PR had been issued and that the project financing is under discussion at this point.
I agree it might be with Sigma, but I think it still has to be finalized.
If I am wrong, PLEASE coreect me.
However, I would expect this PR before end of next week, then the good stuff can start rolling.Just Believe!!!
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speculater
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Financing PR - 2007/12/01 12:20 ammlg2919
No, I am not going to correct you. You may very well be correct. I posted that an hour and half after the PR. Information can change as we try to figure out what is going on. That came from a post by the owner of GeoBiofuels. I merely posted that to somewhat give investors here an inkling to what is going on.
Sigma Capital may very well be involved, to what extent who knows? This is a quote from SSTP President Keith Mazer "We have been proposed financing offers for the project from undisclosed parties and expect more to come."
There is a ton of good info on the USSE Investorsvillage Board, just be prepared to read a ton of posts. IV is now the place to get info on USSE and SSTP. If you do not want to read all the stuff, consider just reading interesting title posts, recommended posts, or just click on BioMoneyMan, and read only his posts. http://www1.investorvillage.com/smbd.asp?mb=6776&pt=m&clear=1
I do have one indisputable fact, that is encouraging. At the bottom of Friday's PR, the contact given for Blue Harbor Energy is Dr. Jeff White. Go to the Sigma Capital site (click "Team"), and Dr. Jeff White is listed as Advisor, Biomass to Energy Conversion for Sigma. There is undoubtedly some kind of connection. http://www.sigmacapital.net/
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1 Billion shares of SSTP are locked up for at least 2 years from today. The PR:
Press Release Source: U.S. Sustainable Energy Corp.
1 Billion Shares Locked Up Monday December 10, 3:19 pm ET
Insiders' Confidence
NATCHEZ, MS--(MARKET WIRE)--Dec 10, 2007 -- U.S. Sustainable Energy Corp. (Other OTC:USSE.PK - News) announced today that it has entered into a two-year lock-up agreement with Sustainable Power Corp. (Other OTCSTP.PK - News) regarding shares that were issued to USSEC in a previously announced transaction. (http://www.ussec.us/news-98.html)
Pursuant to the agreement, in April 2007, SSTP issued to USSEC 641,000,000 restricted shares of SSTP in exchange for an exclusive worldwide license to distribute the U.S. Sustainable Energy Corp. recycled renewable biofuel engineered from USSEC's bio-waste products derived from its fertilizer process from soybeans. As the exclusive provider of USSEC biofuel derived from USSEC's bio-waste by-products, Sustainable Power Corp. compensated USSEC with restricted shares of SSTP common stock that USSEC placed in the treasury.
Effective today, USSEC has agreed, for a period of at least two years from today, to not transfer, sell or otherwise dispose of any of the 641,000,000 shares of SSTP that it was granted and holds today as a result of the license agreement executed in April 2007. Insiders have agreed to make up the balance of the one billion shares.
John Rivera, CEO of USSEC, stated, "We are elated with the progress we have made in recent months and are very anxious to see phase one of the Baytown Green Energy Consortium come online. We have high expectations of seeing this happen by Christmas."
The shareholders of USSEC potentially will benefit from this transaction through the anticipated appreciation in the SSTP shares as sales of the biofuel commence to the power generation markets. It is expected that the shareholders of SSTP will benefit from the sale of electricity and fuel, as well as the Green Certificates and/or Emission Reduction Credits they may receive from the appropriate state and/or federal governmental agencies for supplying its clean energy solutions.
"Obtaining the license to acquire the bio-waste products from USSEC to produce and distribute recycled renewable biofuel is a monumental step in SSTP becoming a leading supplier of alternative fuels. Further, by providing environmentally friendly alternatives to the energy markets, we also enable our country to work toward energy independence," stated John Rivera, Chairman of Sustainable Power Corp.
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speculater
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SSTP Signs Deal With FSEINT - 2007/12/11 05:02 pmPress Release Source: Sustainable Power Corp.
Sustainable Power Corp. Signs Agreement for Commercialization of Green-Based Products Tuesday December 11, 10:37 am ET
Company Receives $200,000 Initial Deposit
NATCHEZ, MS--(MARKET WIRE)--Dec 11, 2007 -- Sustainable Power Corp. (Other OTCSTP.PK - News) today announced it has signed a Memorandum of Understanding ("MOU") with Farmers Sustainable Energy International (FSEINT) located in Quincy, Illinois, for the proposed formation of a joint venture whose purpose is the conversion of feedstock to a variety of Green-based products. SSTP has received an initial $200,000 deposit of the $2,000,000 that will be required to implement the initial terms of the agreement.
The proposed joint venture is being established to leverage FSEINT farmers' crops to obtain the maximum dollar per acre utilizing principal harvest products and recycled non food grade spoilage, stover and residues as feedstock for SSTP's conversion into a variety of Green-based products. In order to maximize the various feed stocks, FSEINT will provide SSTP with both land and facilities for the production of cellulosic and non-cellulosic biofuels and Biogasoline, green-based organic fertilizers and soil treatments.
SSTP has received the initial deposit of $200,000 and is working to fulfill the initial terms of the MOU, which calls for 2 reactors and 10 SSTP biodiesel reactors to be shipped to a Northern Illinois facility that FSEINT will provide for the joint venture. Furthermore, upon start-up of the initial Biogasoline reactor, the MOU provides that FSEINT will advance the remaining $1,800,000 for further implementation of the MOU. FSEINT's responsibility is securing the necessary feedstock's from its own relationships, procuring government grants and further promoting the business of the joint venture.
Both parties are working on finalizing a definitive agreement as quickly as possible, and will report upon doing so.
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johnyada
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Posts: 24
Re:SSTP Signs Deal With FSEINT - 2007/12/12 02:46 pmcant seem to find any info on Farmers Sustainable Energy International (FSEINT). Can someone help me find info on FSEINT.
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johnyada
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Re:SSTP Signs Deal With FSEINT - 2007/12/12 02:47 pmcant seem to find any info on Farmers Sustainable Energy International (FSEINT). Can someone help me find info on FSEINT.
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johnyada
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Posts: 24
Re:SSTP Signs Deal With FSEINT - 2007/12/12 02:47 pmcant seem to find any info on Farmers Sustainable Energy International (FSEINT). Can someone help me find info on FSEINT.
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johnyada
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Re:SSTP Signs Deal With FSEINT - 2007/12/12 02:49 pmsorry for posting the same thing 3x. My computer froze during each post. Sorry
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speculater
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FSEINT - 2007/12/13 12:43 amFarmers Sustainable Energy International is a private company, they are not responsible to shareholders like a publicly held company. As such, there is usually very little info on a private company. Having said that, they do seem to have a website that is under construction and should give us some info shortly. http://www.fseint.com/
Until the website comes online, get as glimpse into Scott Hoerr:
Looking at the pictures, the first picture at the top left, Mr. Hoerr is on the left in the blue shirt, USSE CEO John Rivera is in the center, I am just guessing Mr. Conklin is on the right ( I can not 100% verify that, but he is in one of the pictures). Admiral Lora is in a different picture in the uniform.
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speculater
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Reach and Scope - 2007/12/16 02:52 pmI do not think that most investors even have a clue to the possibilities being opened up to USSE/SSTP in Baytown Texas. The Rivera Process Suite of Fuels are so functional and versatile that the possibilities are staggering, including Pharmaceutical Grade Glycerin. It is not hard to imagine over 100 different products being made from our "JR Juice". 68 variations of the Fuels were identified several months ago, and produced in the Laboratories of AmSpec. There are 2 key reasons that present these stunning possibilities.
1) The Fuels come straight out of the Reactors containing less than 1% water. 2) The Fuels can be Refined ( very similar to a barrel of oil, which makes oil so useful and valuable).
Here are a few links that provide a glimpse into the future of USSE/SSTP. BioMoneyMan was busy this morning.
For more insight into the futures of these 2 emerging companies, more information, more facts and figures, just click "NEXT" on the last message you have read above. There are over 20 consecutive posts by BioMoneyMan on the InvestorsVillage SSTP Board (message numbers 1108 - 1130). Enjoy, and absorb like a sponge.
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Tomm
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Posts: 353
Re:Reach and Scope - 2007/12/17 10:03 amSpec; I have as many reasons to wish to see USSE have maximum impact on the fuel market as anyone else, and I personally feel more people should be excited about their potential and possible results. I just don't understand why there is an EXTREAM lack of media interest in their potentials. The powers to be in the media SEARCH for exciting things for their patrons to read and/or hear about. I really think J.R. should push a little harder.I don't want to own the world...just the part that pays off.
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realdough
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Posts: 282
Re:Reach and Scope - 2007/12/18 01:04 pmHello, anyone home. What's going on with the USSE?
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StevieB
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Posts: 28
Re:Reach and Scope - 2007/12/18 05:38 pmDoes anyone know when SSTP will move the Bulletin Board?
Also, is Agrimac producing and how much?
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speculater
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Posts: 346
Dec. 20 Reactor Pics - 2007/12/20 10:43 pmWe have some new pics, once again showing good progress.
The funnel shaped objects on top of the Reactor is a Cyclone. Cyclones are used in oil refineries to seperate oils and gases. They were shown as plain in the Dec 12 pics. Since then, they have added heaters on the cyclone.
STP.PK - News) is proud to announce a reached agreement of a new project named Green Energy Consortium (GEC) based in Baytown, Texas. This agreement is to use SSTP's technology of the conversion of agricultural recycled feedstock to a variety of Green-based products that will produce biocrude, biogasoline, pharmaceutical grade glycerin and 500 megawatts of green power.
