I suggest folks look at the recent events to balance the frustrations from past promises. It is troubling to see the long history of unfulfilled efforts undermine what looks now to be a situation where there is finally real traction for moving forward.
The two last releases - one vega and one vencor - along with the consistent fast paced history of releases and action at vencor dove tail and paint a picture that i would guess says we will see order shipment in the very near future.
there are now - contracts + production + capacity and the next step is ....orders out. We have two companies and two mgts now aligned and this assures me that this is not smoke and mirrors.
I think Vega has to re-position itself and update its biz model in light of its relationship with vencor. My sense is MM is focused on this relationship and helping get first order out.
Time will tell
Vega Biofuels Places Order for Production of Bio-Coal
Company to Start Filling Orders for International Clients
NORCROSS, GA--(Marketwired - Jan 15, 2015) - VEGA BIOFUELS, INC., (OTC PINK: VGPR) announced today that the Company has placed an order for 3,000 tons of Bio-Coal for shipment to an international client.
Manufactured from timber waste using torrefaction technology, Bio-Coal has a high energy density of up to 13,000 BTUs/Lb and is considered a renewable energy fuel that meets the Renewable Portfolio Standards and Renewable Energy Credits (RECs) in the United States.
Vega recently announced that the Company was working with Colorado based, Vencor International, Inc. to test Vencor's torrefied wood product to see if it met the strict specifications to be used as Bio-Coal. The independent testing was successful and Vega has now issued a Purchase Order to Vencor to produce 3,000 tons of Bio-Coal. Production is scheduled to begin later this month. The deal is valued at approximately $600,000.
February 26
Vencor Signs Timber Contract to Lower Feedstock Costs
Three Year Agreement to Increases Company's Bottom Line
BOULDER, CO--(Marketwired - Feb 26, 2015) - VENCOR INTERNATIONAL, INC. (OTC PINK: VCOR) today announced it has entered into an Agreement to purchase timber waste for use in manufacturing torrefied wood products.
Vencor has entered into an Agreement with a local logging company to purchase their tree top timber waste. The three year deal will have a significant impact on the Company's bottom line by lowering its feedstock costs. The Agreement can be extended for additional three year terms by the Parties.
Vencor recently announced that the Company had entered into an Agreement with Georgia based, Vega Biofuels, Inc. to manufacture Vega's Bio-Coal product using torrefaction technology. In an effort to increase its production capacity, Vencor has purchased a second torrefaction machine. The second machine doubled the Company's production capacity and created a need for additional timber feedstock. This Agreement will provide Vencor with enough sustainable raw feedstock to run both machines to meet the demand from Vega Biofuels and the Company's other clients. The Agreement lowers the Company's feedstock costs by approximately thirty five percent.
