MISSOULA, Mont., June 24 /PRNewswire-FirstCall/ -- VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets: VGPR) today announced through its wholly owned subsidiary, Natural Fuels Industries, it is planning to construct a manufacturing facility in the State of Georgia to produce alternative energy from organic waste.
According to a recent Forbes Magazine article entitled "America's Best Places For Alternative Energy," the abundance of biomass in Georgia's Bioenergy Corridor ranks third in the nation as a potential source of renewable energy. The article referenced the amount of privately owned forest in Georgia, more than any other state in the country, as a reason for the state's ranking. Forbes also cited that roughly 50 million tons of the state's own timber ends up in the state's wood-products manufacturing plants every year and the industry returns nearly half of it in the form of primary mill wood debris.
"Georgia's wealth of natural resources combined with our research institutions and a strong business climate create an ideal environment for the development of renewable energy," said Georgia Governor, Sonny Perdue. "We appreciate Forbes' recognition of our ability to develop alternative energy sources."
The proposed Georgia facility would be designed to produce alternative/green energy. When completed, the plant would have the capacity to produce several hundred thousand metric tons of biomass fuel pellets annually. NFI recently announced it has entered into a Letter of Intent to purchase a 20% equity interest in a biomass manufacturing facility currently under construction in MAP Ta PHUT, Thailand.
Biomass or biofuel is material derived from recently living organisms. This includes plants, animals and their by-products. For example, manure, garden waste and crop residues are all sources of biomass. It is a
|SOURCE Vega Promotional Systems, Inc.|
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