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GLOBAL GREEN SOLUTIONS INC. (OTCBB: GGRN)
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YOU MAY CALL IT SLIME BUT SMART INVESTORS ARE CALLING
ALGAE THE NEW GREEN GOLD
The Vertigro process, a joint venture between Global Green Solutions Inc. (GGRN) and Valcent Products Inc. (VCTPF), is now mass producing rapidly-growing algae which will be used as biofuel feedstock and ingredients in food, pharmaceutical and health and beauty products. Requiring minimal water and land usage, Vertigro algae is the ultimate renewable energy. A clip of the El Paso Vertigro R&D facility was recently aired on ABC. To view the clip enter the following URL into your browser http://www.kvia.com/Global/story.asp?s=7142721.
Vertigro competitive advantage:
- Breakthrough algae growing technology utilizing indigenous species
- Vertical bioreactors produce high yield biomass - 15X growing volume over open pond
- Robust, closed loop – continuous growing, harvesting and oil extraction process
- High CO2 absorption and minimum water consumption
- Capital and operating cost effective economics
- Primary product is Algal (vegetable) oil for biofuel feedstock
- Secondary product market for biomass (press-cake) after extraction of oil
Alternative energy and renewable energy have become a part of our daily conversations as soaring oil prices have a rippling effect on our standard of living. Mark Townsend Cox, CEO of the New York-based New Energy Fund, which invests in companies developing renewable energy products, said in an article appearing in the September 27 issue of the El Paso Times (http://www.elpasotimes.com/business/ci_7020417) that Global Green (OTCBB:GGRN) appears to have one of the better algae-growing systems among 15 to 20 companies working on projects to use algae for biofuel production.
Vertigro market drivers:
- Biodiesel feedstock demand will exceed supply in the EU and US
- Crop based feedstock sustainability and availability issues
- Crop prices volatile - crop for food Vs crop for biofuels competition
- Algae oil cost to produce target $1.70 per gallon
- Average crop based vegetable oil $2.40 - $2.80 per gallon (July)
- Non agricultural land required
Beginning in 2008, Global Green Solutions plans to commence construction of multiple Vertigro bioreactor facilities at production partner sites in the US, Europe and South Africa.
Global Green Solutions has a team of executives with worldwide reputations as experts in developing and commercializing green technologies that will financially benefit their customers and shareholders. Please let me know if I can provide you with additional information about Global Green’s portfolio of ecotechnology-based renewable energy solutions.
Best regards,
Marty Tullio - McCloud Communications (Global Green's IR representative)
949.553.9748
marty@mccloudcommunications.com
Click on the link below to View a News Video on the Vertigro Algae R&D Center
KVIA-ABC affiliate in El Paso Texas - 9/28/07
We strongly encourage you to review a current corporate profile on GGRN HERE
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*NEWS* El Paso Times Article on Global Green |
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Company cultivates algae to make fuel
By Vic Kolenc / El Paso Times
09/27/2007 07:10:10 PM MDT
Glen Kertz, right, Chief Executive Officer of Valcent Products, Inc.
and business partner Doug Frater, President and CEO of Global Green Solutions
stand by their algae bioreactors. (Rudy Gutierrez/El Paso Times)
Glen Kertz thinks algae-filled plastic bags can be one solution to the world's thirst for fuel.
Kertz, a plant physiologist, developed a system using 10-foot-long water-filled plastic bags suspended in a greenhouse-like setting in the desert to grow algae, from which vegetable oil can be extracted to produce biodiesel.
"We expect to produce 100,000 gallons (of vegetable oil) per acre per year," which is a much higher yield than soybeans and other plants being used for biofuel, Kertz said Wednesday. He was showing off his patented Vertigro algae-growing system to news media, El Paso city officials and others at his company's 6.2-acre research facility in the Upper Valley.
"We think we can be cost-competitive with fossil fuels. That's our driving goal," he said.
Kertz, 54, is president and CEO of Valcent Products Inc., a publicly traded company, which he and investors formed about three years ago, and which now has most of its operations in the El Paso area.
It's developing the Vertigro system in a joint venture with Global Green Solutions, a 3-year-old publicly traded company with offices in Vancouver, British Columbia, the United States and Europe.
Kertz's algae-growing system "is so simple, it's ingenious," said Doug Frater, 55, president and CEO of Global Green, which has invested more than $3 million in the Vertigro test facility in Anthony, Texas, which includes a high-tech algae laboratory.
The companies are losing money as they develop the new technology. Valcent, which also is producing some consumer products, lost $10.9 million in its last fiscal year, according to its financial reports. Global Green, which also has developed a system to turn biomass waste into steam and electricity, had a loss of $5.6 million in its last fiscal year, its financial reports show.
Kathyrn Dodson, director of the city Economic Development Department, who toured the Vertigro research facility Wednesday, said at least three other companies are working on biofuel projects in the El Paso area.
"It's so exciting that El Paso is a place where (companies are) experimenting with these technologies. It's an emerging industry cluster here, and we want to understand the market," Dodson said.
Mark Townsend Cox, CEO of the New Energy Fund, an $11 million New York-based fund which invests in companies developing renewable energy products, and Global Green consultant, said Global Green and Valcent appear to have one of the better algae-growing systems among 15 to 20 companies working on projects to use algae for biofuel production. Cox's fund also has stock in Global Green.
Kertz has figured out a solution to two problems with his closed-loop algae-growing system, Cox said: preventing water evaporation and stopping infiltration of foreign species of algae.
"They have a really smart design that I believe is scalable and (has) the ability to do it pretty rapidly," Cox said.
Michael Berry, a former college professor who publishes an e-mailed newsletter, Morning Notes, on "discovery opportunities" for investors, holds stock in Global Green and Valcent, and is a consultant for the companies. He said that he's been skeptical about the potential of algae as a biofuel source but that he's liked what he's seen at the Vertigro test site, which he's visited three times.
The problem with algae is that no one had "figured out how to do continuous harvesting. But I think these guys figured it out. If they have figured it out, it's going to be a big deal," said Berry, who is based in the New York area.
"I'm impressed and when they go to the pilot (project), it will be interesting to see if they deliver on what they say."
Construction on the pilot plant is expected to begin late this year on an acre at Valcent's research facility at 401 Vinton Road in Anthony. It's expected to be producing vegetable oil from algae grown in 20,000 bioreactors, the big plastic bags, by the summer of next year, Global Green's Frater said.
The Vertigro system uses a canful of algae cells pumped into the plastic bags with water and carbon dioxide from the air and exposed to the sun. Algae can be harvested daily once the initial growing period of 25 to 30 days is completed, Kertz said. Valcent's algae lab determines exactly which algae meets its growing requirements.
Global Green and Valcent hope to be selling Vertigro systems by 2009 or 2010 to biofuel refineries in Europe, South Africa, and the United States, Frater said.
In July, the companies announced the forming of a joint venture with SGCEnergia, the biofuels division of the SGC Group in Portugal, to build a Vertigro pilot plant in Portugal. It also has a deal for a pilot project in South Africa with an undisclosed company, and is working a deal with a company in the United States, Frater said.
A Vertigro plant of the size needed to supply a large biofuel refinery would require about 200 to 300 acres and "probably cost about $800,000 per acre" to build and operate, Frater said. That means a full-scale plant would cost about $160 million to $240 million.
The Vertigro system is expected to be able to produce algae oil for about $1.70 a gallon versus about $2.63 a gallon for soybean oil, Frater said. Those numbers are without government subsidies or tax credits, he said.
Kertz said he's been developing his vertical growing system for 12 years. He did much of his development work at a lab he operated in Orange, Texas, where he lived until he moved to El Paso about three years ago.
He moved here because Valent Products began manufacturing one of its products in Juárez, and Kertz also saw that the El Paso climate was perfect for the Vertigro system, he said.
Valcent, which employs about 20 full-time employees and about 30 contracted employees at two El Paso offices, also produces the Novatique Skin Cleanser device through a contracted Juárez factory. It also is planning to sell a Tomorrow Garden indoor herb garden kit.
For More information: www.valcent.net; www.globalgreensolutionsinc.com
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About Global Green Solutions Inc. |
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Global Green Solutions Inc. (www.globalgreensolutionsinc.com) develops and implements ecotechnology solutions for renewable energy and reduction of greenhouse gas emissions. Global Green Solutions Inc. is a U.S. public traded company (OTC BB:GGRN.OB - News) with offices in Vancouver, San Diego, El Paso, New York, London, Brussels, Caracas and Johannesburg.
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Other Recent News from GGRN |
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Press Release Source: Global Green Solutions Inc.
Wednesday September 26, 9:00 am ET
Global Green Solutions Inc.: Vertigro Algae Research and Development Center Begins Operation
EL PASO, TEXAS--(MARKET WIRE)--Sep 26, 2007 -- Global Green Solutions Inc. (OTC BB:GGRN.OB - News) - The bioreactors reflect the bright green of the algae growing within them and the state-of-the art laboratory is up and running at the Vertigro algae technology research and development center in El Paso, Texas. The Vertigro process, a joint venture between Global Green Solutions Inc. (GGRN) and Valcent Products Inc. (VCTPF), is now mass producing rapidly-growing algae to be used as biofuel feedstock and ingredients in food, pharmaceutical and health and beauty products. Requiring minimal water and land usage, Vertigro algae is the ultimate renewable energy.
Since commencing operation, results from bioreactor tests have been extremely positive, noted Glen Kertz, principal scientist for the Vertigro project. "We have proven that our closed loop bioreactor system can successfully produce algae over an extended period," Kertz said.
The venture's technical achievements are evident throughout the six-acre facility. Within the revolutionary new laboratory, high speed algae screening equipment determines the premier strains of algae and the optimum growth conditions for the multiplicity of potential applications. "As our research progresses, we believe we will be able to target the exact species of algae most perfectly suited to the end product for which it is used," said Kertz. "With this knowledge, we will be able to grow specific species in virtually any environment and maximize the algal oil and biomass produced."
As testament to worldwide interest, letters of agreement to commercialize the Vertigro process have been signed with production partners in Portugal and South Africa. Additional agreements are pending with U.S. companies.
"Our accomplishments reinforce our commitment to be a leader in the renewable energy market," said Kertz. "We are very excited about the future of Vertigro and the attention that it is receiving worldwide."
View a tour of the Vertigro facility and interview with Glen Kertz:
SATELLITE FEEDS:
Wednesday, September 26th, 2007 Wednesday, September 26th, 2007
10:00 AM - 10:15 AM ET 1:30 PM - 1:45 PM ET
Galaxy 26 Galaxy 25
Transponder 24 Transponder 13
C-Band C-Band
Downlink Freq: 4180 Horizontal Downlink Freq: 3960 Vertical
Preview and access this video on Pathfire DMG: 29815
Safe Harbor for Forward Looking Statements: Except for historical information contained herein, the contents of this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices as well as other factors addressed in the company's filings with the Securities and Exchange Commission.
Cusip 37947A 105
Contact:
Contacts:
Global Green Solutions Inc.
Steve McGuire or Bob Faris
Investor Relations
1-866-408-0153 or 1-800-877-1626
Website: http://www.globalgreensolutionsinc.com
Vorticom Public Relations
Nancy Tamosaitis
Media Relations
(212) 532-2208
Email: nancyt@vorticom.com
Source: Global Green Solutions Inc.
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Leadership at Global Green |
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Doug Frater is the president and CEO of Global Green and managing director of Global Green Solutions Ltd. (UK). He has 30+ years of experience in the energy industry, primarily in automation and control technology.
Prior to joining Global Green, he was a managing partner with Sigma Consult, where he was responsible for sales, marketing and business development to new technology and solution integration companies in the oil and gas markets. He also worked for Honeywell International Industrial Controls Business as sales vice president, Europe, Middle East and Africa and global director, oil and gas business and international projects. |
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Financial Highlights For GGRN |
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OTCBB: GGRN
SEC CIK (0001277576)
Fiscal Year End: 11-30
52wk Range: 0.59 - 1.35
State of Incorporation: Nevada
As of Sept. 5, 2007:
Issued and outstanding 40,057,161
Total warrants and options issued
but not exercised: 12,030,188
Fully diluted share capital
Total of above 52,087,349 |
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Global Green is a fully reporting company, to view the Company's filings on the SEC web site, Click Here
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Global Green Solutions Inc. Corporate Office |
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Global Green Solutions Inc.
789 W. Pender Street, Suite 1010
Vancouver, BC, V6C 1H2
Telephone: 866.408.0153
Fax: 604.637.3110
info@globalgreensolutions.com
Website: http://www.globalgreensolutionsinc.com
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