NORCROSS, GA / MARCH 4, 2014 / VEGA BIOFUELS, INC. (Pink Sheets VGPR) announced today it has added a leading torrefaction expert to the Company’s Advisory Committee.
Joseph J. James, founder and president, of Agri-Tech Producers, LLC, whose company has exclusively licensed and commercialized innovative torrefaction technology, developed by North Carolina State University has joined the Advisory Committee of Vega Biofuels.
The Company recently announced plans to expand its business model of manufacturing bio-coal to include manufacturing and marketing a product called biochar for various agricultural applications, including the medical marijuana and hemp industries. As a part of this expansion, the Company created the Advisory Committee to provide support and direction in the manufacturing of various torrefied products.
About Joseph J. James:
A former, 33-year economic development professional, Mr. James is a biomass leader in the Southeast, having formed and served on the Executive Committee of the South Carolina Biomass Council. He serves on the US Government’s Biomass Research and Development Technical Advisory Committee, advising the DOE and USDA on their biomass research and development programs. A 2008 Purpose Prize Winner, Mr. James received a BS in Science, from Union College, and has studied law and business at New York University.
Mr. James remarks, “I am very excited about my involvement with Vega Biofuels through their Advisory Committee and look forward to jointly utilizing our innovative torrefaction technology to implement projects with bio-product, renewable energy and agricultural productivity applications.”
“We are very fortunate to have an expert like Joe on our team. His experience in the field of biomass and torrefaction will be extremely valuable to us as we move forward in the torrefaction business”, stated Michael K. Molen, Chairman/CEO of Vega Biofuels. “We plan to add additional industry experts to our Advisory Committee as we move forward.”
About Vega Biofuels, Inc.:
The Company has developed a renewable energy product known as “bio-coal”. Bio-coal is manufactured from organic waste products, primarily timber waste, using special torrefaction technology. The torrefaction technology converts plant and wood biomass into a clean and renewable, high-energy material, which can be co-fired in existing coal-fired power plants to reduce the pollution and climate change impacts caused by traditional coal. In addition, the Company recently announced that it has expanded its business model to include the manufacturing of a product known as “biochar” for various agricultural applications including the medical marijuana and hemp industries.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast,” “plan,” "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
Vega Biofuels, Inc.: 800-481-0186
SOURCE: Vega Biofuels, Inc.
Release ID: 34964