SAN MARINO, Calif., March 9, 2011 /PRNewswire/ -- A new report from VG Energy, a subsidiary of Viral Genetics, Inc. (Pinksheets: VRAL), is now featured in an article at EnergyBoom.com (link: http://www.energyboom.com/biofuels/algal-fuel-vg-energy-study-shows-price-parity-possible-conventional-oil ). The EnergyBoom.com piece is entitled "Algal Fuel: VG Energy Study Shows Price Parity Possible With Conventional Oil." The original report was undertaken by biofuels expert John Sheehan, an advisor to Viral Genetics and VG Energy, and is available for download at: http://www.vgenergy.net/SheehanBoyceTechNote20110208.pdf.
"The work being undertaken by VG Energy is showing great promise as a viable and cost effective alternative energy source," said Viral Genetics' CEO, Haig Keledjian. "This report by Mr. Sheehan helps to point the way forward for us, and the coverage from EnergyBoom.com indicates that we are making progress and garnering attention from industry. Our next steps are focused on moving from the laboratory to a production setting."
Mr. Sheehan's report indicates that VG Energy's proprietary technology has the potential to create algal biofuel at prices that are competitive with current prices for crude oil. The process that VG Energy and its lead researcher, Dr. M. Karen Newell Rogers, are using could potentially lower the cost for algal oil production by significant amounts, making it comparable with conventional oil. This process results in increased lipid production in the algae cells as well as increasing the ability to recycle these cells. The report models several different production techniques currently in use with their productivity enhanced by use of VG Energy's compounds through increased lipid production and recyclability, showing a range of
|SOURCE Viral Genetics, Inc.|
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