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Michael Garjian Post
Someone asked for a post from Mr. Garjian, this post says it all. He also recently verified progress on this initiative in the BusinessWest news article.
His post:
Vee-Go Energy update & response to posts
I am Michael Garjian, CEO of Vegetable Energy Group, LLC d/b/a Vee-Go Energy and Founder of E2M.org. I own only 10,000 shares or so of USSEC stock, held long. As a signatory on an MOU dated 12/15/06 to form a Massachusetts Green Power consortium with USSEC and STP, I am an insider and must be careful with my disclosures. I am an inventor who spent 12 years developing a unique flat, plasma based, light source, then another 13 years establishing two factories, securing nine worldwide patents, hiring hundreds of employees, and creating a joint venture with the largest company in the world as we manufactured and distributed the technology around the world. I know the path from conception of an idea to final execution on an international basis. In fact, I've done it twice.
Unless you have walked it, you absolutely cannot imagine how extremely difficult a multi-decade path to innovation can be for the individual inventor. Because it will take over your life, take all your money, challenge your marriage and family, push you to the edge of human mental and physical endurance with no sure guarantee of success, you must be totally committed to your belief in yourself and your invention. No one but a fool would spend a decade or two on such a path to perpetuate a scam. I assure you, John Rivera is not a scam artist or a fool. To those of us who know him, John Rivera is a down to earth, caring, humorous, tough, well-intentioned, and honest man with a dream he will not let die.
The past week of posts since the conference call have been both inspiring and disappointing. I am inspired by those of you who are long and believe that the path to success requires faith and courage. You are part of the family. I am disappointed by those posts by individuals who attack John because he coughs, is not well polished, or is overweight. They revert to childhood, schoolyard, cruelty and I apologize to John for these because I know that no matter how strong one is, these things hurt. These posters may have hidden agendas, whether they are shorting or are associated with established interests who will suffer greatly when USSEC succeeds.
There are others who have genuine concerns based on the fact that things are taking longer than anyone, even John, would like. This is the reality of business innovation and I have lived it personally. So I will tell you, in only 5 words, why I, at 60 years of age with decades of industrial manufacturing and community development experience behind me, am a believer. I witnessed the Rivera process. That is it. Period.
Because I have seen it, I know the Rivera fuel is the one most viable for the long term. It will revolutionize the industry. Please let me take some time to be specific. This planet is so desparate for alternatives to petroleum that even low BTU ethanol, (which requires more energy to create than it produces, has terrible hydroscopic qualities, wreaks havoc in marine applications, cannot be piped, etc.), can achieve great support and success. Then there is biodiesel that uses deadly poisons to convert perfectly good vegetable oil fuel to a biofuel solvent substance that dissolves rubber and plastic, causes rust to fall off fuel lines and tanks, is very expensive, must be mixed with petro-diesel, cannot be used in powerplants and increases the output of the smog causing NOx pollutants. In this environment, Rivera’s fuel can become an enormous success if not a godsend.
My recent experiences are with alternative fuels and alternative fuel vehicles. I am closely associated with a Canadian family farmer owned corporation whose 1,200 members collectively farm 2.4 million acres of canola (an area half the size of Massachusetts). I partner with Central Connecticut Cooperative Farmer’s Association (CCC Feeds), an American family farmer owned feed and fertilizer manufacturing coop producing close to 20 million of dollars of products a year. CCC and Vee-Go Energy work together to produce and distribute biomass energy pellets and other products. My experiences and relationships cause me to believe that compared to all other currently well established biofuels, USSEC’s is the fuel of the future.
OK friends, all the above is fine as a basis for introductions and beliefs regarding potential success, but where is the really important stuff -the contracts and the revenues? As an insider, I cannot tell you too much. My attorneys would further advise that until USSEC and I have something more formal than the current Massachusetts Memorandum of Understanding and until I am more aware of other potentially competitive activities in my area I must hold my cards close to my chest.
So I will only say this. Yes, I believe in John and in the Rivera process, and most importantly, I believe in myself. Because the process is real, because I have enough faith in the Mass MOU as written, and because I know my own capabilities and what I am experiencing with potential customers and elected officials at all levels, I am confident in succeeding in Massachusetts. To be very candid, I couldn’t give a damn if John is not polished, coughs, or has human weaknesses. Why? Because I believe that Massachusetts can become a pilot region that will prove the viability of the Rivera Process, the integrity of the path upon which John walks, and the financial viability of USSEC as a investment. John, others, and I are all joined on this path as a team and the sum is greater than the parts.
With the caveat that these are forward looking statements, yada, yada, yada, Vee-Go’s short to term goals (2 weeks to 18 months) are to:
1. Formalize the Mass MOU and appoint the USSEC/SPC/Vee-Go/E2M entity formed per the MOU as the exclusive source of USSEC/SPC products in Massachusetts.
2. Determine the viability of the catalyst activated carbon in USSEC soyash as a potential detoxifying agent for several mycotoxins including vomatoxin, aflatoxin, deoxynivalenol (DON), T-2 and others. Tests are now being conducted by a Virginia agricultural laboratory associated with CCC Feeds.
3. Test the viability of USSEC soyash as a coal replacement by determining combustion characteristics and the effect of phosphates on the catalyst now used in powerplant SCR scrubbers to mitigate sulfur and NOx emissions. Tests are now being conducted by a privately owned power plant in the northeast USA.
4. Establish the viability of USSEC soyash as a fertilizer for northeastern regional crops, including, but not limited to corn and tobacco. Tests soon to be conducted by local farmers and CCC Feeds.
5. Sign long term “pay or take” agreements with utility customers and attain a cash flow from the Massachusetts sale of Rivera green electricity, fertilizer, biofuel REC’s, and fertilizer REC’s in 2007.
6. Establish a biofuel plant in either Holyoke, Springfield or Westfield, MA producing at least 800 tons a day of fertilizer for sale at $.125 to $.150 per pound including REC’s and 400,000 to 550,000 gallons a day of Rivera biofuel at 10% below a mutually acceptable fossil fuel benchmark price such as the current NY diesel #2 barge price as listed on http://www.joc.com, plus associated REC income of $50 per megawatt hour.
7. Utilize the entire output of the above biofuel facility to supply several potential customers with whom I am in various stages of discussion and due diligence.
8. To import Rivera biofuel by RR tanker or preferably by barge to New Haven, CT to be delivered by existing jet fuel pipelines to Western Mass until our biofuel plant is up and running.
9. To continue in collaboration with Central Connecticut Cooperative Farmer’s Association, other farmer coops in the eastern US, a farmer owned corporation in Canada, and hopefully state and federal agricultural authorities to establish a family farmer initiative to grow biofuel feedstocks in the Northeast and eastern seaboard states. Initial feedstocks could include soybeans, corn, and canola. Purchase to be direct from farmer’s silos, price to be cost plus guaranteed profits for 20 years to purchase 80% of harvest, 20% of harvest to be retained by farmers for market rate sales if they desire, fuel to be supplied to them at $.99 per gallon adjustable for inflation over 20 years, electricity if under our control to be deep discounted, and discounted fertilizer to be provided by us.
10. To continue to work closely with Massachusetts elected state officials at all levels to create an alternative energy initiative that will shine as a beacon for other regions as it utilizes resources to be made available by the proposed and hopefully soon to be enacted Massachusetts Green Communities Act of 2007 at http://www.mass.gov/legis/HD4254.pdf
11. To inject $1,000 to $10,000 a day into the E2M Regional Economic Council to introduce E2M’s community conscious capitalism and create the community wealth that will establish, as a pilot region, the sustainable E2M economic model in Western Mass, http://www.e2m.org. This will result in the formation of inner city youth entrepreneurial programs, low interest loan programs, entrepreneur friendly venture capital investment funds, the launch of 500 or more new small businesses, the funding of social initiatives to create affordable housing, provide jobs and social support to returning veterans, break the cycle of poverty, address violence in the family, reduce hopelessness among the young, and help to revitalize American democracy as our Founder’s originally created it here in Massachusetts, the birthplace of American democracy.
Vee-Go’s medium term goal (two to five years) is to:
1. See the above duplicated in at least five regions in the Northeast US and Saskatchewan, Canada.
2. Fund programs enabling the University of Massachusetts-Amherst an agricultural land grant institution to conduct R&D on additional biofuel feedstocks such as crambe, flax, algae, chicken and horse manure, organic wastes, and other experimental organic materials.
3. Establish a small municipal electric utility next to a municipal wastewater treatment plant to research the cultivation of algae based organisms in municipal wastewater streams energized by CO2 emissions from electrical generation.
4. Fund current embryonic initiatives to augment traditional agrarian style crop production techniques with new technical agricultural growing techniques whereby life sustaining foodcrops are grown much more efficiently, organically, and year round in greenhouses with rigidly controlled atmospheres devoid of harmful insects and pathogens. By using USSEC biofuels to generate electricity for efficient, crop enhancing, full spectrum, lighting; greenhouse heating; crop fertilization; and by redirecting the CO2 from heater exhausts into greenhouses to increase plant growth rates, important foodcrop yields may exceed, by multiples, traditional techniques as crops flourish year round, 24/7, under glass while outside lands produce additional food crops as well as biofuel feedstocks.
I believe each of these goals is not only possible, but probable and I hope to exceed the indicated timelines.
Some final thoughts:
John Rivera, USSEC, SPC, and the folks involved are creating new beginnings in a world that requires a leap to a new reality. If one is to truly create new beginnings, if one demands to be part of the solution rather then part of the problem, then one must take the untraveled, harder path rather than be tempted by the expediency of the well traveled path. The well traveled path is worn by the steps of those who create the current reality on this planet, and the current reality is no longer acceptable if all species are to survive, including ours, as is well documented by Friday’s unedited (as opposed to compromised) report by the Intergovernmental Panel on Climate Change representing 115 countries and scores of scientists.
John understands this means fighting exponentially harder to do it his way, starting in the pinks in order to reach all people as investors and to maintain control of his company so it is not compromised to traditional venture capitalists then flipped by forming “strategic partnerships” with big oil as the typical VC “exit strategy” demands. As a founder of the former Western Mass Venture Capital Forum, I assure you the VC route would be a disaster.
I have absolute faith in John Rivera and USSEC. But it is no longer just about them. It is about many of us who have met him, been inspired by his vision, and seen the process. John’s baby is now growing up. It is doing what its future success demands; it is becoming bigger than he is. It is taking on a life of its own that now includes others of us. Because we all have our own strengths to empower each other, the USSEC goal of changing the world energy paradigm by creating an alternative grassroots energy infrastructure is increasingly and entirely possible. It does, however, require courage, passion, and absolute dedication by those involved.
There are those who would like to see us fail, but failure is not an option. For those of you who hope for our failure, please stop your bashing, sell your stock, and get the hell out. The same goes for non-believers; there are plenty of opportuniities for you that do not require any faith. Go take the easy way out rather than clutter this board with never-ending, boring, same old, same old, repeating doubts and personal insults. If you have nothing better to do than remain to just piss and moan, then at least have the guts to identify yourselves. Whatever you do, you will not intefer with our success; you are too insignificant and the process is moving too fast now. Success just might be inevitable.
As we succeed, the light will grow brighter as sure as the sun will rise. Those of you who are in, please stay in and enjoy the ride. Yes it is ambiguous at times, ocassionally frustrating, and can get turbulent. That’s part of the process. But that is the part that raises an investor to a new standard of commitment when one cannot personally work on the front lines. That is the part that separates the speculators and opportunists from the smaller army of more committed and courageous investors who usher in world change. That is the arena one must play in to truly save us from what will come if we act out of fear and pessimism rather than hope and determination.
Sure, on journeys like this it may be a little turbulent at times, but knowing what I know, I’m very much in and I honestly feel that clear air is coming in the not too distant future.
Best regards for a bright, clean and sustainable future.
Michael Garjian
CEO, Vee-Go Energy
Founder, E2M.org
More Info on the Massachusetts Consortium:
http://www.investorshub.com/boards/read_msg.asp?message_id=19929613
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USSE Links
The 3 Deals, Summary (Over 45 Links):
http://www.investorshub.com/boards/read_msg.asp?message_id=20027719
USSE Documentation (19 Links):
http://www.investorshub.com/boards/read_msg.asp?message_id=19788242
The "Rivera Process":
http://www.sustainablepower.com/fuel_background.html
USSE BioFuel Benefits:
http://www.ussec.us/technology.html
USSE BioFuel Vidalia Demo Video:
http://www.ussec.us/research-20.html
Reactor "Freeus" and Natchez Plant Pictures:
http://www.ussec.photosite.com/
USSE Website:
http://www.ussec.us/
SSTP Website:
http://www.sustainablepower.com/
JR's Blog, USSE Pictures, Videos and Presentations:
http://www.jhrivera.com/
USSE/Dominican Republic Connection:
http://www.investorshub.com/boards/read_msg.asp?message_id=19810433
Re: Word from whom?
Go read RagingBull. The answer to your question, and the source is there.
Blending In Channelview
Take it any way you want. The word is JR has been in Channelview for over a week, working on the plant. They have already started blending.
The 3 Deals, Summary (Over 45 Links)
Here is information on the 3 Deals that USSE/SSTP has entered into. One is a Memorandum of Understanding, the other 2 are Joint Ventures.
The Massachusetts Consortium:
http://www.investorshub.com/boards/read_msg.asp?message_id=19929613
Illinois Biofuel Group, LLC:
http://www.investorshub.com/boards/read_msg.asp?message_id=19952961
Agri Max Fuels, LLC:
http://www.investorshub.com/boards/read_msg.asp?message_id=19973604
p.s.
Will be updated when appropriate
The 3 Deals, Summary (Over 45 Links)
Here is information on the 3 Deals that USSE/SSTP has entered into. One is a Memorandum of Understanding, the other 2 are Joint Ventures.
The Massachusetts Consortium:
http://www.investorshub.com/boards/read_msg.asp?message_id=19929613
Illinois Biofuel Group, LLC:
http://www.investorshub.com/boards/read_msg.asp?message_id=19952961
Agri Max Fuels, LLC:
http://www.investorshub.com/boards/read_msg.asp?message_id=19973604
p.s.
Will be updated when appropriate
Output of 1 Reactor
According to the Princeton Plant info, these were the numbers crunched for 24 Reactors:
Daily Output
* 128,000 Gallons BioFuel.
* 1,802,880 Cubic Feet BioGas.
* 643,200 Pounds Fertilizer Ash.
http://www.investorshub.com/boards/read_msg.asp?message_id=19544940
so
Daily Output of 1 Reactor:
128,000/ 24 = 5,333.33 Gallons BioFuel
1,802,880/ 24 = 75,120 Cubic Feet BioGas
Unique Process Produces Sustainable, Superior Fuel
U.S. Sustainable Energy Corporation's state-of-the-art manufacturing technology uses a highly efficient process to break down vegetable feedstock (soy and/or corn) and extract the most energy possible, so that nearly 100 percent of the feedstock results in three usable products: liquid biofuel, carbon ash and biogas.
The carbon ash is a rich natural fertilizer containing nitrogen, potash and orthophosphate that can be used to replenish the soil used to grow the feedstock. It can also be the basis for ink pigments. The biogas provides 100 percent of the power for USSEC's manufacturing facility.
LIQUID BIOFUEL
USSEC's liquid biofuel will initially be used to generate electricity. Tests performed by independent third parties show that USSEC biofuel is superior to typical biodiesels on the market. Its benefits include:
Low cost
USSEC biofuel costs less $1 per gallon to produce, compared with about $2.50 for most biodiesels on the market (prices assume soybeans cost $6 per bushel). And the USSEC cost includes production of biogas and carbon ash.
Efficient production
Our process makes more biofuel per feedstock unit than traditional processes: 1 bushel of soybeans produces 5 gallons of USSEC biofuel, compared with about 1.5 gallons of biodiesel. It takes about 8 minutes to create a gallon of USSEC fuel, compared with 24 hours for biodiesel.
Higher energy output
Independent tests show a heating value of 128,000 BTU per gallon, on par with regular diesel. Biodiesel typically has a heating value of 118,000 BTU per gallon; premium gasoline has about 116,000 BTU per gallon.
Top performance
Tests show that USSEC biofuel will not clog engine filters at temperatures as low as -70 degrees Fahrenheit and remains liquid and pumpable at temperatures down to -90 degrees Fahrenheit. These are far lower temperatures than petroleum diesel or biodiesel can tolerate. Additionally, USSEC biofuel burns very cool, so it's not likely to degrade engine performance.
No engine retrofits needed
USSEC biofuel can be used at 100 percent in diesel engines and with a 50/50 blend for gasoline engines without retrofits or modifications. Its lower viscosity eliminates the formation of gum residues on engine parts that has been a problem with traditional biodiesel fuels, requiring them to be blended with petroleum fuels.
BIOFUEL FOR TRANSPORTATION
While we are initially using our biofuel for power generation, it shows great promise for use in cars and trucks. We are considering a variety of transportation markets and will pursue them when it makes sense to do so.
http://www.ussec.us/technology.html
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The 3 Deals, Summary (Over 45 Links)
Here is information on the 3 Deals that USSE/SSTP has entered into. One is a Memorandum of Understanding, the other 2 are Joint Ventures.
The Massachusetts Consortium:
http://www.investorshub.com/boards/read_msg.asp?message_id=19929613
Illinois Biofuel Group, LLC
http://www.investorshub.com/boards/read_msg.asp?message_id=19952961
Agri Max Fuels, LLC:
http://www.investorshub.com/boards/read_msg.asp?message_id=19973604
p.s.
Will be updated when appropriate
.
The Rivera Process
THE FUTURE OF POWER
100% Renewable Energy Source
U.S. Sustainable Energy’s founder John Rivera discovered a method (hereinafter referred to as the Rivera Process) for making a unique new biofuel that has all of the benefits of leading fuel sources without any of the traditional problems normally associated with biodiesel. In fact, the U.S. Sustainable Energy Biofuel has several properties that are superior to petroleum diesel as well as traditional biodiesel.
The Rivera Process produces up to three times more fuel per starting feedstock than any known bioprocess. Thus, the cost of making the U.S. Sustainable Energy biofuels is cheaper than either current biodiesel or petroleum diesel. In addition, the biofuel resulting from the process exhibits a higher thermal energy than current biodiesel, while producing less harmful emissions than the fossil fuels currently in use. U.S. Sustainable Energy utilizes this proprietary process to produce liquid and gaseous biofuels made from a range of natural feedstock such as soy, corn, etc.
The Rivera Process
The Rivera Process is a modified pyrolytic process with hydrolysis. Natural feed stocks and a proprietary catalyst are heated in a reactor to a relatively high temperature. This heating is typically performed below atmospheric pressure for a time sufficient to vaporize all oils and water from the feedstock and to allow the resultant chemical/mass transfer reactions to occur. The remaining solid is a substantially dry ash, wherein the vapor is extracted to form two biofuels via condensation while recovering lighter gases that are non-condensable at atmospheric pressure. The process is a “volume gain” process similar to catalytic cracking previously mentioned.
Unlike other biomass gasification processes, U.S. Sustainable Energy’s proprietary and revolutionary process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced is more valuable than ethanol or methanol, and the process can easily convert biomass materials at an efficiency unmatched by any competitive alternative. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the Rivera Process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the Company’s process effectively removes Greenhouse Gases from the atmosphere.
U.S. Sustainable Energy's Rivera Process yields an ash product, a liquid product, and a gas product. Its number one product is the ash product, a carbon rich organic-based fertilizer. One bushel of bean creates 20.1 pounds of this organic fertilizer.
Its revolutionary biofuel is totally unique in all its characteristics. It is a replacement for diesel fuel, biodiesel fuel, gasoline, and ethanol. Further, U.S. Sustainable Energy is able produce 5 gallons of biofuel per bushel at a cost of less than $1 per gallon. By way of comparison, West Central, a pioneer in the processing of soybeans into premium biodiesel fuel, produces only 1.5 gallons per bushel at a cost of $2.50 per gallon of biodiesel.
The gas product possesses none of the characteristics of natural gas other than the gaseous form. This gaseous substance has a heating value of 1,811 BTU's per cubic foot. For comparison, the heating value of natural gas is approximately 1,000 BTU's per cubic foot. It burns so cleanly that the flame is invisible to the human eye.
The USSEC Biofuel
The USSEC liquid fuel has many unique properties that separate it from any other form of green energy on the market - including heating value, pour point, and cloud point. Heating value (or the heat of combustion), which is the amount of heat produced when the fuel is burned completely, is higher for the U.S. Sustainable Energy liquid biofuel than traditional biodiesel. For example, the heating value of the U.S. Sustainable Energy biofuel is 128,000 BTU/gal. This is higher than the standard heating value for traditional biodiesel, which typically has a value around 117,000 BTU/gal and compares favorably to petroleum diesel which typically has a heating value of 130,000 BTU/gal. For comparison, the heating value of typical regular unleaded gasoline is 114,200 BTU/gal, premium gasoline is 116,200 BTU/gal and jet fuel is 122,200 BTU/gal.
In addition to the excellent heating value, the U.S. Sustainable Energy biofuel exhibits remarkable cold temperature physical properties. For example, the pour point of the U.S. Sustainable Energy biofuels, which is an indication of the lowest temperature at which the fuel can be pumped, is typically less than or equal to -90°F. In fact, U.S. Sustainable Energy biofuel did not freeze even at -90°F, the limit of the pour point detector. For comparison, the pour point for petroleum based diesel is around -16°F; the typical pour point for soy bean based biodiesel is 30°F.
Like pour point, the U.S. Sustainable Energy liquid biofuel cloud point is lower than the end temperature limit of the typical cloud point measurement. At low temperatures, paraffin constituents in a fuel oil may precipitate as a wax forming a cloud. As a practical matter, cloud point is important since the wax formation can clog many fuel filters and render the engine useless. The cloud point is determined as the temperature at which a cloud of wax crystals first appears in the oil when it is cooled. The U.S. Sustainable Energy biofuels may have a cloud point less than or equal to -70°F, even less than or equal to -90°F for some formulations.
For comparison, cloud point for petroleum based diesel is about 15°F (without winter fuel conditioners), the typical cloud point for animal fat based biodiesel is 68°F while the cloud point for soy bean based biodiesel is around 35°F. Thus in addition to being a valuable fuel in its own right, the U.S. Sustainable Energy biofuel can be used as a supplement or blended with other biofuels and diesels to improve their cold weather performance.
The U.S. Sustainable Energy biofuel has a flash point between that of regular gasoline and petroleum diesel. The U.S. Sustainable Energy biodiesel exhibits a flash point ranging from 90°F to 95°F. While flash point can affect a fuel’s performance in an engine, e.g., too low will cause the fuel to burn prematurely, causing decreased power and lowering fuel economies, it is primarily important from the viewpoint of safe fuel handling. For example, too low a flash point (high volatility) will cause the fuel to be a fire hazard, subject to flashing.
In addition to the foregoing properties, the U.S. Sustainable Energy liquid biofuel also has a viscosity (cSt at 50°C) ranging from 0.8 to 1.1. This range is lower than that of traditional bio-diesels, which range from 1.9 to 6.0 cSt. The higher viscosity of traditional biodiesel has been known to result in gum formation on injectors, cylinder liners, etc. For this reason, it has been required to blend biodiesel with petro-diesels in an amount of up to 20% of biodiesel. The lower viscosity associated with the U.S. Sustainable Energy biofuel is a significant difference and advantage over all competitive biodiesels that suffer from traditional gum-formation problems.
100% Sustainable and Renewable Fuel of the Future:
High Heating Value - Extremely Low Cloud / Pour Points - Immunity to Cold Weather - Low Viscosity Rate – No Corrosion
This Link also has a diagram of "The Rivera Process":
http://www.sustainablepower.com/fuel_background.html
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PLRO Links
PLRO Website:
http://www.platinumresearch.com
3 PLRO Stock Research Reports:
http://www.investorshub.com/boards/read_msg.asp?message_id=16804467
Potential Markets:
http://www.techrobond.com/addressable_salesfigures.shtml
Patents Issued and Pending:
http://www.techrobond.com/tech_intellectualproperty.shtml
Board of Directors:
http://www.investorshub.com/boards/read_msg.asp?message_id=17154599
Current Opportunity:
http://www.investorshub.com/boards/read_msg.asp?message_id=17180205
Corporate Brochure:
http://www.techrobond.com/investor_brochure.shtml
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Just Call SSTP
Or find and start using a cleaner-burning power sources for power generation. I believe that is the intent of the California Legislation and Green Certificates. Set low emissions targets and penalize those who do not meet those targets. They will adjust those penalties until they are more expensive than finding an alternative solution. Thus power plants convert to green energy on their own (just a little legislative coersion).
This should fall right into SSTP's hands. This is the reason the Company was created. This is what they do. Give SSTP a call.
CONTACT US
Contact Sustainable Power Corp. today to discuss availability and configuration of a turnkey USSEC Green Energy Power Plant to meet your future energy requirements.
* To request our information kit, click here.
* To request future investor updates, click here.
* For the U.S. Sustainable Energy media kit, click here.
For all media requests, interviews, press kits, or to arrange for a visit to the USSEC Biofuel Plant, visit our Information Bureau online at www.maximuscommunications.com.
Sustainable Power Corp.
P.O. Box 19149
Natchez, MS 39120
Toll Free: 1-800-501-6089
Facsimile: 1-866-431-9368
International: 1-603-686-5340
energy@sustainablepower.com
http://www.sustainablepower.com/contact.html
Agri Max Fuels, LLC Info
The Deal - A Joint Venture between USSE and Agri Max Fuels to provide Ethanol, Biodiesel, Biofuel and E-Diesel Near Houston, TX.
Planned Number of BioFuel Reactors - About 55 Reactors.
Timeframe - Currently producing up to 15,000 Gallons per day (about 3 Reactors).
Expansion planned to 100 Million Gallons of Biodiesel Per Year.
277,000 Gallons Biodiesel Per Day (about 55 Reactors)
http://biz.yahoo.com/iw/070522/0255835.html
Agri Max Fuels, LLC
A privately owned and operated company
President, Michael D. Galbraith
Office Address:
6310 Genoa Avenue
Suite D
Lubbock TX 79424
Plant Address:
15129 Market Street
Channelview TX 77530
Phone: (806) 712-4252
Fax: (806) 712-4262
E-mail: mail@agrimaxfuels.com
Web Site: http://www.agrimaxfuels.com
Agrimax has EPA Registered Fuel Additive:
http://www.epa.gov/otaq/regs/fuels/additive/web-fuel.htm
Fuel Tax License:
12052682809 AGRIMAX FUELS L L C
LUBBOCK 79424-2706
DIESEL FUEL DISTRIBUTOR
Agri Max Fuel Listing (on page 4) from The National BioDiesel Board:
http://www.investorshub.com/boards/read_msg.asp?message_id=19895352
IHub Poster Conversation with Michael Galbraith, CEO of Agri Max Fuels:
http://www.investorshub.com/boards/read_msg.asp?message_id=19890344
Supposedly, an aerial view of Agrimax plant:
http://www.investorshub.com/boards/read_msg.asp?message_id=19858908
Channelview is named that because of it's view of the channel to the waterways of the Gulf of Mexico. Rail transport and big trucking centers are also available.
Map of Lubbock, TX to Channelview, TX on Gulf of Mexico
http://maps.yahoo.com/;_ylc=X3oDMTExNmIycG51BF9TAzI3MTYxNDkEc2VjA2ZwLWJ1dHRvbgRzbGsDbGluaw--#mvt=m&a...
Joint venture defined:
http://www.investorshub.com/boards/read_msg.asp?message_id=19958753
California Limits Power Plants
Calif. panel sets emissions rule for public power
SAN FRANCISCO, May 23 (Reuters) - The California Energy Commission voted on Wednesday to set a greenhouse gas emissions standard for municipally owned electric utilities as the state moves ahead to attack global warming and climate change.
The regulation is part of California's program to cap emissions of carbon dioxide, methane and other gases linked to harmful environmental changes and develop a market-based system for trading emissions credits.
California's landmark Global Warming Solutions Act of 2006, passed last August and signed into law by Republican Gov. Arnold Schwarzenegger, calls for a 25 percent reduction in gas emissions by 2020.
The California Public Utilities Commission has approved matching emissions standards for the state's big investor-owned utilities -- PG&E Corp (PCG.N: Quote, Profile , Research), Edison International (EIX.N: Quote, Profile , Research) and Sempra Energy (SRE.N: Quote, Profile , Research).
The Energy Commission's action Monday affects municipal utilities such as the Sacramento Municipal Utility District and the Los Angeles Department of Water & Power, the largest public utility in the United States.
It limits the purchase of electricity from power plants that fail to meet strict emissions standards. The regulation bars the utilities from signing long-term purchase deals with plants that produce emissions higher than 1,100 pounds (0.5 metric tons) of carbon dioxide per megawatt hour.
The standard stems from a state law to reduce consumer exposure to the risk of pollution control costs and potential exposure to reliability problems in electricity supplies.
It effectively prevents California utilities and other electricity suppliers from importing electricity from coal-burning plants and other generators that cannot meet the performance level of a combined-cycle plant fueled by natural gas.
California, which has no large-scale coal-fired plants, gets about 20 percent of its electricity from out-of-state coal plants.
© Reuters 2007. All Rights Reserved.
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070523:MTFH75107_2...
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Joint Venture Defined
Apparently, there are a few here that do not understand what a Jount Venture is. The USSE/Agri Max Fuels is a signed contract, technically a Joint Venture. The Press Release clearly states 5 times that a Joint Venture was formed between the 2 parties.
Joint Venture - (often abbreviated JV)-/ is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.
Reasons for forming a joint venture:
Internal reasons
1. Build on company's strengths
2. Spreading costs and risks
3. Improving access to financial resources
4. Economies of scale and advantages of size
5. Access to new technologies and customers
6. Access to innovative managerial practices
Competitive goals
1. Influencing structural evolution of the industry
2. Pre-empting competition
3. Defensive response to blurring industry boundaries
4. Creation of stronger competitive units
5. Speed to market
6. Improved agility
Strategic goals
1. Synergies
2. Transfer of technology/skills
3. Diversification
Joint Ventures: An Overview
A joint venture is a legal organization that takes the form of a short term partnership in which the persons jointly undertake a transaction for mutual profit. Generally each person contributes assets and share risks. Like a partnership, joint ventures can involve any type of business transaction and the "persons" involved can be individuals, groups of individuals, companies, or corporations.
Joint ventures are also widely used by companies to gain entrance into foreign markets. Foreign companies form joint ventures with domestic companies already present in markets the foreign companies would like to enter. The foreign companies generally bring new technologies and business practices into the joint venture, while the domestic companies already have the relationships and requisite governmental documents within the country along with being entrenched in the domestic industry.
In the United States, joint ventures are governed bystate Partnership, Contracts, and Commercial Transactions law. A joint venture is also treated like a partnership for Federal Income Tax purposes. A joint venture corporation involves the same type of activity as above but within a corporate framework. Foreign joint ventures are subject to the international trade laws and the laws within the foreign countries.
http://en.wikipedia.org/wiki/Joint_venture
http://www.law.cornell.edu/wex/index.php/Joint_venture
Re: Transporting Reactors
Semi Tractor Trailers could move the Reactors to where they are most needed. Obviously, we have no evidence of that at the moment. However, when the 4 Reactors are ready for production, something like shipping 2 Reactors each to Princeton, IL and Channelview, TX is not out of the question. Then the next set of 4 Reactors could be assembled in Natchez.
Newer Photos
Whether they are new photos or not depends on whether you have seen them before. Some of these are the first time I have ever seen them.
Check out:
USSEC Ethanol Reactor Photos
USSEC New Tubes Photos
at
http://www.jhrivera.com/photos.html
Check out:
USSEC Reactor Shots
USSEC Internal Shots
at
http://ussec.photosite.com/
Illinois Biofuel Group, LLC Info
The Princeton Plant Deal
The Deal - A signed Joint Venture between USSE/SSTP and IBG to build and operate a BioFuel plant in Princeton IL. Specifically to utilize the USSEC/SSTP suite of products in the generation of green power, biodiesel and ethanol, together with organic based fertilizer, and management of the resulting business, and other business incidental to the general purpose of the Joint Venture.
April 24 Announcement: http://biz.yahoo.com/iw/070424/0242952.html
May 7 Update: http://biz.yahoo.com/iw/070507/0249155.html
Proposed Number of BioFuel Reactors - 24 Reactors. The project is currently EPA permitted for production of 30 million gallons a year but expects to soon apply for a 20 million gallon expansion.
Timeframe - Groundbreaking for plant is scheduled for June 14, 2007. The Company has existing buildings on their property, they might install some Reactors until the new plant is functional.
Plant property located at the former Ag View FS plant on North Euclid Avenue in Princeton, Illinois.
"Bureau County Republican", Local Newspaper Article on the Princeton Plant:
http://www.investorshub.com/boards/read_msg.asp?message_id=19209185
Photo copies of 7 Princeton Plant Documents:
http://www1.investorvillage.com/smbd.asp?mb=6776&mn=210&pt=msg&mid=2060042
Illinois Biofuel Group, Princeton Plant Known Facts:
http://www.investorshub.com/boards/read_msg.asp?message_id=19786015
Princeton Plant Numbers Crunched:
http://www.investorshub.com/boards/read_msg.asp?message_id=19544940
CEO Dennis Radcliff Background:
http://www.investorshub.com/boards/read_msg.asp?message_id=19212060
Princeton Plant Photos:
http://www.jhrivera.com/photos/illinois/album_1.html
A Shareholder Discussion with Mr. Radcliff in Natchez (BioEnergy Plant Day):
http://www.investorshub.com/boards/read_msg.asp?message_id=19216597
Ag View FS Website:
http://www.investorshub.com/boards/read_msg.asp?message_id=19211283
City of Princeton, Illinois:
http://www.princeton-il.com/home/index.php?m1s1
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USSE Photos Page
http://www.jhrivera.com/photos/photos.html
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Massachusetts Consortium Info
The Massachusetts Consortium
The Deal - A signed Memorandum of Understanding between USSE and Vegetable Energy Group, LLC d/b/a Vee-Go Energy; and E2M.org to form a green consortium to provide wholesale green electrical energy and generation plants to public and municipal electricity buyers throughout the state of Massachusetts.
http://biz.yahoo.com/iw/070123/0206435.html
Proposed # of BioFuel Reactors - Target is 400,000 to 550,000 Gallons BioFuel Per Day. 475,000 Gallons Per Day would require about About 88 Reactors. Longer term, duplication is planned to 5 other areas totaling 440 Reactors.
Timeframe - With the caveat that these are forward looking statements, yada, yada, yada, Vee-Go’s short to term goals (less than 17 months now) are to:
1. Formalize the Mass MOU and appoint the USSEC/SPC/Vee-Go/E2M entity formed per the MOU as the exclusive source of USSEC/SPC products in Massachusetts.
2. Determine the viability of the catalyst activated carbon in USSEC soyash as a potential detoxifying agent for several mycotoxins including vomatoxin, aflatoxin, deoxynivalenol (DON), T-2 and others. Tests are now being conducted by a Virginia agricultural laboratory associated with CCC Feeds.
3. Test the viability of USSEC soyash as a coal replacement by determining combustion characteristics and the effect of phosphates on the catalyst now used in powerplant SCR scrubbers to mitigate sulfur and NOx emissions. Tests are now being conducted by a privately owned power plant in the northeast USA.
4. Establish the viability of USSEC soyash as a fertilizer for northeastern regional crops, including, but not limited to corn and tobacco. Tests soon to be conducted by local farmers and CCC Feeds.
5. Sign long term “pay or take” agreements with utility customers and attain a cash flow from the Massachusetts sale of Rivera green electricity, fertilizer, biofuel REC’s, and fertilizer REC’s in 2007.
6. Establish a biofuel plant in either Holyoke, Springfield or Westfield, MA producing at least 800 tons a day of fertilizer for sale at $.125 to $.150 per pound including REC’s and 400,000 to 550,000 gallons a day of Rivera biofuel at 10% below a mutually acceptable fossil fuel benchmark price such as the current NY diesel #2 barge price as listed on http://www.joc.com, plus associated REC income of $50 per megawatt hour.
7. Utilize the entire output of the above biofuel facility to supply several potential customers with whom I am in various stages of discussion and due diligence.
8. To import Rivera biofuel by RR tanker or preferably by barge to New Haven, CT to be delivered by existing jet fuel pipelines to Western Mass until our biofuel plant is up and running.
9. To continue in collaboration with Central Connecticut Cooperative Farmer’s Association, other farmer coops in the eastern US, a farmer owned corporation in Canada, and hopefully state and federal agricultural authorities to establish a family farmer initiative to grow biofuel feedstocks in the Northeast and eastern seaboard states. Initial feedstocks could include soybeans, corn, and canola. Purchase to be direct from farmer’s silos, price to be cost plus guaranteed profits for 20 years to purchase 80% of harvest, 20% of harvest to be retained by farmers for market rate sales if they desire, fuel to be supplied to them at $.99 per gallon adjustable for inflation over 20 years, electricity if under our control to be deep discounted, and discounted fertilizer to be provided by us.
10. To continue to work closely with Massachusetts elected state officials at all levels to create an alternative energy initiative that will shine as a beacon for other regions as it utilizes resources to be made available by the proposed and hopefully soon to be enacted Massachusetts Green Communities Act of 2007 at http://www.mass.gov/legis/HD4254.pdf
11. To inject $1,000 to $10,000 a day into the E2M Regional Economic Council to introduce E2M’s community conscious capitalism and create the community wealth that will establish, as a pilot region, the sustainable E2M economic model in Western Mass, http://www.e2m.org. This will result in the formation of inner city youth entrepreneurial programs, low interest loan programs, entrepreneur friendly venture capital investment funds, the launch of 500 or more new small businesses, the funding of social initiatives to create affordable housing, provide jobs and social support to returning veterans, break the cycle of poverty, address violence in the family, reduce hopelessness among the young, and help to revitalize American democracy as our Founder’s originally created it here in Massachusetts, the birthplace of American democracy.
Vee-Go’s medium term goal (two to five years) is to:
1. See the above duplicated in at least five regions in the Northeast US and Saskatchewan, Canada. (5 X 88 = 440 Reactors)
2. Fund programs enabling the University of Massachusetts-Amherst an agricultural land grant institution to conduct R&D on additional biofuel feedstocks such as crambe, flax, algae, chicken and horse manure, organic wastes, and other experimental organic materials.
3. Establish a small municipal electric utility next to a municipal wastewater treatment plant to research the cultivation of algae based organisms in municipal wastewater streams energized by CO2 emissions from electrical generation.
4. Fund current embryonic initiatives to augment traditional agrarian style crop production techniques with new technical agricultural growing techniques whereby life sustaining foodcrops are grown much more efficiently, organically, and year round in greenhouses with rigidly controlled atmospheres devoid of harmful insects and pathogens. By using USSEC biofuels to generate electricity for efficient, crop enhancing, full spectrum, lighting; greenhouse heating; crop fertilization; and by redirecting the CO2 from heater exhausts into greenhouses to increase plant growth rates, important foodcrop yields may exceed, by multiples, traditional techniques as crops flourish year round, 24/7, under glass while outside lands produce additional food crops as well as biofuel feedstocks.
Mr. Garjian States "I believe each of these goals is not only possible, but probable and I hope to exceed the indicated timelines"..
http://www.investorshub.com/boards/read_msg.asp?message_id=18612539
Businesswest Magazine recently (April 30, 2007) published a story about Michael Garjian, CEO of Vegetable Energy Group, LLC d/b/a Vee-Go Energy and Founder of E2M.org. A quote from the article, ""It’s all about creating a sustainable, alternative energy infrastructure in this region," he said, explaining that Vee-Go is prepared to move forward aggressively with the plan to introduce biofuel to Western Mass".
http://www.businesswest.com/details.asp?id=1055
Mr. Garjian purchases 2 Tons of USSE 7-3-7 Organic Fertilizer for Testing and Evaluation:
http://biz.yahoo.com/iw/070403/0234444.html
U.S. Sustainable Energy Corp. Presents Biofuel Discovery and Green Power Solution to Senator Kerry, Governor Patrick and Boston's Mayor Thomas Menino:
http://biz.yahoo.com/iw/070122/0205785.html
E2M Website:
http://www.e2m.org/e2m%20and%20over%20view/E2M%20and%20overview.htm
E2M Board of Directors:
http://www.e2m.org/board%20of%20directors/Board%20of%20directors.htm
His Comments on E2M Board of Directors:
http://www.investorshub.com/boards/read_msg.asp?message_id=16406287
Mr. Garjian on Building USSE:
http://www.investorshub.com/boards/read_msg.asp?message_id=17219297
Mr. Garjian's Vision:
http://www.investorshub.com/boards/read_msg.asp?message_id=16390764
Mr. Garjian on MA Electrical Power Prices:
http://www.investorshub.com/boards/read_msg.asp?message_id=17961947
Comments on his References:
http://www.investorshub.com/boards/read_msg.asp?message_id=18532917
On Why he bought 2,000 pounds of USSE 7-3-7 Organic Fertilizer:
http://www.investorshub.com/boards/read_msg.asp?message_id=18533416
GreaseCar:
http://www.thegreenguide.com/doc/118/ghveggieoilcar
Mr. Garjian in Anthropology News:
http://people.umass.edu/ekrause/apla_feb05.pdf
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Up 50%
Has anyone noticed that PLRO has very quietly advanced about 50% in the last 3 days? The volume has been low, but volume was much better today confirming the advance.
Some Good Comments Here Today
After reviewing the current Projects USSE has announced, it is apparent that USSE will be doing Deals with mid to small companies, rather than large corporations. Most likely the major reason is that USSE wants to keep control of "The Rivera Process".
"In fact, the very reason why JR is working to get this process spread among many small people who will use it, rather than giving control to some big outfit that would bury it".
For the most part, the agreements are with Companies that are prepared to distribute BioFuel very soon.
A.) When they are ready, the Massachusetts Consortium will ship BioFuel to MA for distribution, until their plant is built.
B.) Princeton plant is scheduled for groundbreaking on June 14, they have existing buildings to locate Reactors until plant is funtional.
C.) Agri Max is already producing up to 15,000 Gallons per day. So they will be producing very soon. What we need to find out is, does a new plant have to be built, or is the plant there and just needs Reactors installed?
"Without these other companies that already have some permits, and related patents in place, it would take years to get products to market".
Reason for delay to producing BioFuel? More tweaking:
"The fuel is not the problem, and buyers are not a problem. The problem is they have not worked out all the bugs in the "freeus" processor. they shouldn't proceed with final configuration of the 4-tube processor, until they're confident that "freeus" is working well. As some of you who went to Natchez may know, they had a problem running corn in the processor,because of tar buildup in the tube. I believe it's because of the high glucose level of the feedstock".
http://www.investorshub.com/boards/read_msg.asp?message_id=19895981
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The Cool Engine
You can question horsepower and dry ice all you want. You only need to know 2 things.
Scientifically proven by Independent Lab Analysis Summit Labs.
1.) The Heating Value of the USSE BioFuel is 128,000 BTU/Gallon.
2.) The Pour Point is typically less than or equal to -90°F.
http://www.maximuscommunications.com/set_report.pdf
I am not a car guy, but here are 2 posts from geebee1212 on RB about the cooler running engines:
The main reason while the engines remain cold is that this biofuel from JHR is hydroginated and therefore burns practically each C particle.
If the C cant attach to the chamber wall, there is not only less friction but mainly no element "staying hot" while the chamber is on the non explosive timings.
If you use a fuel without any additive after a more or less longer period the carbon sticks and accumulate itself on the chambers walls harming not only the yielding of the engine but, as well, the rings shape and therefore vacuum is not anymore good enough, etc.
If your fuel was an extra-dry one, with no lubrificating qualities but would "consume" each C particle, your engine would be running decades without any problem.
and
Really: I do ignore all the texts done but at the least I am aware of one:
The million hour diesel engine they had in Vidalia runs MUCH BETTER now than the very first time and this is DUE TO THE FACT that JHR juice is hydrogenated and then H particles burn even old C particles sticking on the chamber walls.
While it avoids creation of most CO and CO2.
The USSEC Biofuel
The USSEC liquid fuel has many unique properties that separate it from any other form of green energy on the market - including heating value, pour point, and cloud point. Heating value (or the heat of combustion), which is the amount of heat produced when the fuel is burned completely, is higher for the U.S. Sustainable Energy liquid biofuel than traditional biodiesel. For example, the heating value of the U.S. Sustainable Energy biofuel is 128,000 BTU/gal. This is higher than the standard heating value for traditional biodiesel, which typically has a value around 117,000 BTU/gal and compares favorably to petroleum diesel which typically has a heating value of 130,000 BTU/gal. For comparison, the heating value of typical regular unleaded gasoline is 114,200 BTU/gal, premium gasoline is 116,200 BTU/gal and jet fuel is 122,200 BTU/gal.
In addition to the excellent heating value, the U.S. Sustainable Energy biofuel exhibits remarkable cold temperature physical properties. For example, the pour point of the U.S. Sustainable Energy biofuels, which is an indication of the lowest temperature at which the fuel can be pumped, is typically less than or equal to -90°F. In fact, U.S. Sustainable Energy biofuel did not freeze even at -90°F, the limit of the pour point detector. For comparison, the pour point for petroleum based diesel is around -16°F; the typical pour point for soy bean based biodiesel is 30°F.
Re: I did call and spoke to Michael Galbraith. He told me they are currently PRODUCING and SELLING products to the marine industry for use in diesel engines. He verified the address as 15129 Market Street of their facility and their office in Lubbock. We also discussed some of the info from the press release. If anyone wants more info, call him at (806) 773-3773 (cell phone).
This Board is amazing. One guy posts on here that he can not find the business on a Yahoo map and everybody gets jacked out of shape. They write 20 posts on the topic, worry, and spend time debating the non-relevant issue, instead of doing something productive like calculate projected Revenue, Costs and Profits.
IF you would have done 10 minutes of DD on Agri Max Fuels, LLC yesterday, you would be able to spend your time on productive research of your investments, instead of responding to some nonsense on a message board.
Who ya gonna believe, some person on a message board, or a public Press Release by a public company, and the United States Environmental Protection Agency (EPA)?
http://biz.yahoo.com/iw/070522/0255835.html
http://www.epa.gov/otaq/regs/fuels/additive/web-fuel.htm
http://www.investorshub.com/boards/read_msg.asp?message_id=19877477
Agri Max Fuels, LLC Info
The Deal - A signed Joint Venture between USSE and Agri Max Fuels to provide Ethanol, Biodiesel, Biofuel and E-Diesel Near Houston, TX.
Planned Number of BioFuel Reactors - About 55 Reactors.
Timeframe - Currently producing 15,000 Gallons per day (about 3 Reactors).
Expansion planned to 100 Million Gallons of Biodiesel Per Year.
277,000 Gallons Biodiesel Per Day (about 55 Reactors)
http://biz.yahoo.com/iw/070522/0255835.html
Agri Max Fuels, LLC
A privately owned and operated company
President, Michael D. Galbraith
Office Address:
6310 Genoa Avenue
Suite D
Lubbock TX 79424
Plant Address:
15129 Market Street
Channelview TX 77530
Phone: (806) 712-4252
Fax: (806) 712-4262
E-mail: mail@agrimaxfuels.com
Web Site: http://www.agrimaxfuels.com
The plant will deliver the highest quality Biodiesel meeting all ASTM standards.
Supposedly, an aerial view of Agrimax plant:
http://www.investorshub.com/boards/read_msg.asp?message_id=19858908
Agrimax has EPA Registered Fuel Additive:
http://www.epa.gov/otaq/regs/fuels/additive/web-fuel.htm
Channel View is named that by its view of the channel to the waterways and rail transport also available and big trucking centers. All good for AgriMaxFuels
USSE BioFuel Demo
Global Validation Presentation
December 10, 2006
Video of USSEC's biodiesel in action and some of its practical uses. Made in the city of Vidalia, LA.
http://www.ussec.us/research-20.html
Re: The Increase In Cash
I am very glad you asked that question. As part of the stock shares exchanged, investors contributed $4,500,000 to PLRO. The additional cash probably came from here, page 18 of the 10-Q:
Plan of Operation
On April 18, 2007, we closed the Contribution Agreement which resulted in our acquisition of Platinum LP and the appointment of a new slate of directors. Under the terms of the Contribution Agreement:
· GP Transferor contributed all of the capital stock of PRO GP (the “PRO GP Capital Stock”), free and clear of all liens to the Company;
· each Limited Partner contributed all of the outstanding limited partner partnership interests of Platinum LP (collectively, the “Partnership Interests”) held by such Limited Partner, free and clear of all Liens to the Company; and
· the Investors contributed $4,500,000 in new capital by way of private placement to the Company. This private placement included the conversion of the convertible promissory notes totaling $1,000,000 held by two Investors.
In return, the Company issued the aggregate total of:
· 55,000,000 unregistered shares of its common stock to GP Transferor for the Pro GP Capital Stock for the Partnership Interests;
· 5,000,000 unregistered shares of Series “A” Preferred Stock to the Investors; and
· 2,500,000 Common Stock share purchase warrants to Investa Capital Partners Corporation and Ms. Cecelia Pineda.
--------------------------------------------------------------------------------------------
That also clears up the REGDEX Filing that mentions a Private Placement, that was bothering me.
http://www1.investorvillage.com/smbd.asp?mb=6922&pt=s
USSE Projects In Progress Summary
I just quickly threw this together, so some of the numbers are just approximate, to give any newbies some idea of the current USSE situation.
* #1: Massachusetts Consortium
The Deal - A signed Memorandum of Understanding between USSE and Vegetable Energy Group, LLC d/b/a Vee-Go Energy; and E2M.org to form a green consortium to provide wholesale green electrical energy and generation plants to public and municipal electricity buyers throughout the state of Massachusetts.
Proposed # of BioFuel Reactors - About 88 Reactors.
Timeframe - Within 17 months to build the plant, Mr Garjian proposes to ship BioFuel from Natchez until the BioFuel plant is built. Longer term he hopes to see the above duplicated in at least five regions in the Northeast US and Saskatchewan, Canada (440 Reactors).
http://biz.yahoo.com/iw/070123/0206435.html
* #2: Illinlois Biofuel Group LLC (Princeton Plant)
The Deal - A signed Joint Venture between USSE/SSTP and IBG to build and operatate a BioFuel plant in Princeton IL.
Proposed Number of BioFuel Reactors - 24 Reactors.
Timeframe - Groundbreaking for plant is scheduled for June 14, 2007. The Company has existing buildings on their property, they might install some Reactors till the new plant is functional.
http://biz.yahoo.com/iw/070507/0249155.html
* #3: Agri Max Fuels, LLC
The Deal - A signed Joint Venture between USSE and Agri Max Fuels to provide Ethanol, Biodiesel, Biofuel and E-Diesel Near Houston, TX.
Proposed Number of BioFuel Reactors - About 55 Reactors.
Timeframe - Currently producing 15,000 Gallons per day (about 3 Reactors), expansion planned.
http://biz.yahoo.com/iw/070522/0255835.html
* #4 Natchez Mississippi
The Deal - USSE's Home Plant. Green Consumer Product Strategy to capture the mass retailers with a "GREEN" branding strategy by initially offering three products to the Car and Truck Automotive and House and Garden Markets and other uses of the BioFuel
Proposed Number of BioFuel Reactors - Eventually 200 Reactors.
Timeframe - We expect news of the first 4 up and running Reactors any day now. The Plant is there, just need to install Reactors.
http://biz.yahoo.com/iw/070516/0253574.html
Racer Testing Fuel
Below is a post from Investorsvillage. It notes that the delay for testing the fuel was due to Patent Lawyers. This makes perfect sense because of course JR wants to protect his property. I suspect what most see as delays have been JR dragging his feet until his Lawyers feel that the "Rivera Process" is adqequately protected. That is why when SSRacer recently posted that JR is sending him BioFuel for testing, is very good news. USSE should begin making huge strides.
Msg: 40 of 224 2/13/2007 9:12:52 PM
By: biofuelfan
Race car driver short strokes
I sent an e-mail to the race car driver. He has never used the fuel. This is what he wrote back.
I havn't tried the fuel yet . There seams to be a hold up with the patton lawers.
Ithink as soon as the paper work is done I will get a chance to give it a try. I was talking to the CEO John Rivera a short time ago and he asured me he wants me to test his fuel and send him the dyno print outs and a press relese.
http://thefraserdomain.typepad.com/energy/2007/01/uscc_readies_bi.html
Here is a link you could do some reading on.
Good luck and keep in touch.
Paulie
http://www1.investorvillage.com/smbd.asp?mb=6776&mn=40&pt=msg&mid=1438804
.
Re: Required Financing
powerplantop
Thanks for responding. You are the only one that has even responded to the Revenue projections. Apparently, most think that debate over whether a janitor quit or was fired is more productive.
I 100% agree building Reactors in blocks of 4 can easily be done. No question about it. They could probably get by with just Financing 16 Reactors. I just used 48 to simplify that post. The point is, they do not have to Finance 200 Reactors. They only need to Finance several, get the Reactors producing Biofuel, Revenues, then install more Reactors with that Revenue. A self-funding operation.
As far as 150MW Revenue, I honestly do not know anything about calculating that. The person that did was only $60,000 higher than your number. You use peak and off peak rates. However, Princeton is not selling Power to just one plant, I believe they will be selling Power to the entire Power grid. So they should be able to always get the peak rate. So the higher number could be correct.
Plus another $97,000 Daily Revenue is added from the sale of Fertilizer Ash @ .15/pound. This gets you the $431,280 Daily Revenue from 24 Reactors producing BioFuel, BioGas, Green Certs, and Fertilizer Ash, not just 150MW Power Generation.
Lastly, the Transportation Market has too many hurdles, costs, delays and Regulations to enter at this time, maybe several years away. Therefore, Power Generation is the easiest, fastest, and most cost-effective way for USSE to penetrate the U.S. Energy Markets. That has been discussed here extensively, most agree that it is a shrewd strategy.
10-Q Filed
The 10-Q is out. Nothing much new in it.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001104659-07-041813&Type=HTML.
Required Financing
Lately, I have read some astronomical numbers mentioned as the amount of funding USSE will need to install their desired number of Reactors. The actual amount of money needed should really not be all that high. The reason is because they will need some initial Financing, but at some point after installation and production, USSE should be a self-funding operation. The producing Reactors will bring in Revenue that can pay for more Reactors. At the most, USSE should only need Financing for about 48 Reactors (groups of 4 installation).
Even if they had all the money in a bank, there is no way that they would install 200 Reactors next week. Just not wise or practical. The process will take some time.
It has been shown here that Revenues for 24 installed, producing Reactors should be:
$431,280 Daily Revenue from Power Generation
or
$2,000,000 Daily Revenue @ $15 E-Diesel Additive Sales Price.
Once 48 (Financed) Reactors are installed and fully producing, USSE should be able to Finance whatever number of Reactors they deem prudent, even at 3 different locations (Natchez, Princeton ILL, Massachusetts).
48 producing Reactors:
$862,560 Daily Revenue from Power Generation
or
$4,000,000 Daily Revenue @ $15 E-Diesel Additive Sales Price.
Definitely a self-financing operation after that point.
USSE/Dominican Republic Connection
It may or may not mean anything, but a person from another message board, posted that when he called USSE late last week, the person who answered the phone told him that everybody was busy in a meeting with Officials from the Dominican Republic.
A poster responding to that news: "Dominican officials have visited Natchez recently and Tampa and Port Gibson years before that. The DR has a nine year history with JR".
http://www.investorshub.com/boards/read_msg.asp?message_id=19798546
Wikipedia:
The growth of the Dominican economy remains significantly hampered by an ongoing energy shortage, which causes frequent blackouts and high prices.
DOMINICAN TODAY:
Dominican energy system on the brink of a major collapse
SANTO DOMINGO.- The Dominican energy system on the brink of a major collapse, with blackouts of up to 14 hours, only 16 power plants operating in the entire territory, while 33 others are shut down. Several of these are a large capacity plants such as the units at Monte Rio, Azua province, Itabo I and Cogentrix I and II.
Electricity production is so low that the company Generadora Haina, the one with the highest capacity in the Dominican Republic, barely puts out 164 megawatts, because it only 2 of its 11 power plants on line....."
http://www.dominicantoday.com/app/article.aspx?id=19063
http://www.investorshub.com/boards/read_msg.asp?message_id=19795156
Dominican Republic National Energy Commission Letter:
http://www.maximuscommunications.com/necletter.pdf
An intriguing sentence from the Letter: "My efforts had always been practically in vain, for all the projects required some form of government support, "subsidy" - or even special legislation, which we are finally about to obtain". (Letter dated Feb. 28, 2007)
"One of the reasons they (DR) are in such bad shape is that they have not paid other power producers who had contracts".
http://www.investorshub.com/boards/read_msg.asp?message_id=19809697
John Rivera is well aware of the energy situation in The Dominican Republic. From his bio on USSE Website: "His accomplishments include developing a clean-oil process that converted pit oils to uncontaminated fuel; developing co-generation facilities in the Dominican Republic, Puerto Rico and Nicaragua; and leading the development of process technology to extract clean oil from contaminated sand in Kuwait".
http://www.ussec.us/senior_management.html
Due to past events, I am sure that Dominican Republic understands that huge up-front money will be required in any future energy deals. I assume Dr. Zuckerman is negotiating and signing any possible contracts now.
USSE/Dominican Republic Connection
It may or may not mean anything, but a person from another message board, posted that when he called USSE late last week, the person who answered the phone told him that everybody was busy in a meeting with Officials from the Dominican Republic.
A poster responding to that news: "Dominican officials have visited Natchez recently and Tampa and Port Gibson years before that. The DR has a nine year history with JR".
http://www.investorshub.com/boards/read_msg.asp?message_id=19798546
Wikipedia:
The growth of the Dominican economy remains significantly hampered by an ongoing energy shortage, which causes frequent blackouts and high prices.
DOMINICAN TODAY:
Dominican energy system on the brink of a major collapse
SANTO DOMINGO.- The Dominican energy system on the brink of a major collapse, with blackouts of up to 14 hours, only 16 power plants operating in the entire territory, while 33 others are shut down. Several of these are a large capacity plants such as the units at Monte Rio, Azua province, Itabo I and Cogentrix I and II.
Electricity production is so low that the company Generadora Haina, the one with the highest capacity in the Dominican Republic, barely puts out 164 megawatts, because it only 2 of its 11 power plants on line....."
http://www.dominicantoday.com/app/article.aspx?id=19063
http://www.investorshub.com/boards/read_msg.asp?message_id=19795156
Dominican Republic National Energy Commission Letter:
http://www.maximuscommunications.com/necletter.pdf
An intriguing sentence from the Letter: "My efforts had always been practically in vain, for all the projects required some form of government support, "subsidy" - or even special legislation, which we are finally about to obtain". (Letter dated Feb. 28,2007)
"One of the reasons they (DR) are in such bad shape is that they have not paid other power producers who had contracts".
http://www.investorshub.com/boards/read_msg.asp?message_id=19809697
John Rivera is well aware of the energy situation in The Dominican Republic. From his bio on USSE Website: "His accomplishments include developing a clean-oil process that converted pit oils to uncontaminated fuel; developing co-generation facilities in the Dominican Republic, Puerto Rico and Nicaragua; and leading the development of process technology to extract clean oil from contaminated sand in Kuwait".
http://www.ussec.us/senior_management.html
Due to past events, I am sure that Dominican Republic understands that huge up-front money will be required in any future energy deals. I assume Dr. Zuckerman is negotiating and signing any possible contracts now.
Princeton Plant (IBG) Revenue
24 Reactors installed, fully producing USSE BioFuel for electrical power generation.
Daily Input:
* 32,000 Bushels Soybeans per Day.
Daily Output:
* 128,000 Gallons BioFuel.
* 1,802,880 Cubic Feet BioGas.
* 643,200 Pounds Fertilizer Ash.
Daily Revenue:
* BioFuel = ?
* BioGas = ?
* Ash = $96,480
* Sell Green certificates for .030 per KW hour = ?
http://www.investorshub.com/boards/read_msg.asp?message_id=19544940
24 Reactors producing 150MW = $334,800 Revenue Per Day. (Thank you laff-n-gas)
http://www.investorshub.com/boards/read_msg.asp?message_id=19547143
* Ash = $96,480
* BioFuel+BioGas+Green Certs@.030/KW = $334,800
Total Daily Revenue = $431,280
* $3.02 Million Per Week
* $157 Million Per Year
It must be noted this is Revenue, not Profits. Also, this is a Joint Venture between USSE/IBG (split Revenues).
Math is my weakness. There must be several 100 posters here. Please verify these numbers. If there are no corrections in a couple of weeks, I will repost these numbers as verified. Correct numbers are important because they will enable us to easily calculate projected Revenue for any number of Reactors (for power generation). A big step to estimating a reasonable stock price for USSE.
Feel free to comment.
USSE/SSTP Documentation (19 Links)
Illinois Biofuel Group (Princeton Plant) Newspaper Article:
http://www.investorshub.com/boards/read_msg.asp?message_id=19209185
(7) Illinois Biofuel Group (Princeton Plant) Documents:
http://www1.investorvillage.com/smbd.asp?mb=6776&mn=210&pt=msg&mid=2060042
E-Diesel Miscibility Study:
http://www.jhrivera.com/powerpoint/ediesel.pdf
LSU Fuel Evaluation:
http://www.jhrivera.com/powerpoint/fuel_eval.pdf
EMSL Analytic, Inc. Fertilizer Laboratory Report
Scientific analysis of properties and quality of USSEC’s organic-based fertilizer:
http://www.maximuscommunications.com/emsl_report.pdf
Summit Environmental Technologies, Inc. Biofuels Laboratory Report
Scientific analysis of properties and qualities of the liquid biofuel USSEC produces.
http://www.maximuscommunications.com/set_report.pdf
Alcorn State University Validation:
http://www.maximuscommunications.com/alcornletter.pdf
Cornell University Letter:
http://www.maximuscommunications.com/cornelluniv.pdf
Dominican Republic National Energy Commission Letter:
http://www.maximuscommunications.com/necletter.pdf
Pesco Ethanol Energy Costs Letter:
http://www.ussec.us/content/resources/pesco_ussec_070103_ltr.pdf
USSE Chairman and Director John Rivera 's Blog:
http://www.jhrivera.com/
BTU Ratings of Common Biosources:
http://www.jhrivera.com/powerpoint/BTU_contents.pdf
Government Biodiesel Document:
http://www.eere.energy.gov/afdc/pdfs/6668.pdf
Previous Barriers Broken With New Rivera Fuel:
http://www.eere.energy.gov/afdc/pdfs/barriers_ediesel.pdf
Additional Uses for Carbon Ash:
http://www.jhrivera.com/powerpoint/Phoenix_Eco_Print_Formulation_Letter.pdf
Acquisition Letter from DOE:
http://www.jhrivera.com/powerpoint/Contracting.pdf
WallStreetResources 38 Page USSE Analytical Profile:
http://www.wallstreetresources.net/pdf/fc/USSE.pdf
USSE Intro Brochure:
http://www.maximuscommunications.com/ussecintro.pdf
SSTP Intro Brochure:
http://www.maximuscommunications.com/sstpintro.pdf
USSE Documentation (19 Links)
Illinois Biofuel Group (Princeton Plant) Newspaper Article:
http://www.investorshub.com/boards/read_msg.asp?message_id=19209185
(7) Illinois Biofuel Group (Princeton Plant) Documents:
http://www1.investorvillage.com/smbd.asp?mb=6776&mn=210&pt=msg&mid=2060042
E-Diesel Miscibility Study:
http://www.jhrivera.com/powerpoint/ediesel.pdf
LSU Fuel Evaluation:
http://www.jhrivera.com/powerpoint/fuel_eval.pdf
EMSL Analytic, Inc. Fertilizer Laboratory Report
Scientific analysis of properties and quality of USSEC’s organic-based fertilizer:
http://www.maximuscommunications.com/emsl_report.pdf
Summit Environmental Technologies, Inc. Biofuels Laboratory Report
Scientific analysis of properties and qualities of the liquid biofuel USSEC produces.
http://www.maximuscommunications.com/set_report.pdf
Alcorn State University Validation:
http://www.maximuscommunications.com/alcornletter.pdf
Cornell University Letter:
http://www.maximuscommunications.com/cornelluniv.pdf
Dominican Republic National Energy Commission Letter:
http://www.maximuscommunications.com/necletter.pdf
Pesco Ethanol Energy Costs Letter:
http://www.ussec.us/content/resources/pesco_ussec_070103_ltr.pdf
USSE Chairman and Director John Rivera 's Blog:
http://www.jhrivera.com/
BTU Ratings of Common Biosources:
http://www.jhrivera.com/powerpoint/BTU_contents.pdf
Government Biodiesel Document:
http://www.eere.energy.gov/afdc/pdfs/6668.pdf
Previous Barriers Broken With New Rivera Fuel:
http://www.eere.energy.gov/afdc/pdfs/barriers_ediesel.pdf
Additional Uses for Carbon Ash:
http://www.jhrivera.com/powerpoint/Phoenix_Eco_Print_Formulation_Letter.pdf
Acquisition Letter from DOE:
http://www.jhrivera.com/powerpoint/Contracting.pdf
WallStreetResources 38 Page USSE Analytical Profile:
http://www.wallstreetresources.net/pdf/fc/USSE.pdf
USSE Intro Brochure:
http://www.maximuscommunications.com/ussecintro.pdf
SSTP Intro Brochure:
http://www.maximuscommunications.com/sstpintro.pdf
Re: Princeton Plant Funding
There is no mention of how profits will be split. From the the Post you have already read, here is how the Funding will be divided:
* Illinois Biofuel Group provides Funding for BioFuel site, permits, rail access, feedstock supply and any and all project financing for development, design, construction and startup costs.
* Mr. Radcliff has had several requests for investment money infusion into his project, more than enough to cover the expenses.
* USSEC/SSTP will provide funding for all aspects related to the design services and project management services of their reactor installations, as well as the operation of the plant once completed.
Re: Princeton Plant (Illinois Biofuel Group) Info
Illinois Biofuel Group, Princeton Plant Known Facts (Updated)
* Joint Venture between USSE/SSTP and Illinois Biofuel Group, LLC. (Dennis Radcliff) to to build and operate an initial Biofuel plant in Princeton, Illinois.
* Provide Green Energy, Green Power, Organic Based Fertilizers, Ethanol, Biodiesel, Biofuel and Biogas.
* Phase I Project, which may be expanded, is to provide a 24 reactor USSEC/SSTP plant utilizing all liquid and gaseous fuels in the production of green power.
* Plan is to construct two facilities. One will produce ASTM-standard biodiesel fuel for transportation, and the other will produce biofuel, green energy and 7-3-7 organic fertilizer. Green energy refers to electricity produced by the soybeans, and the electricity will be sold to the power grid.
* 30 million gallon a year biodiesel plant, with dramatic room for expansion.
* Will immediately apply for an expansion for an additional 20 million gallons. (so possibly 50 million gallons)
* 40 tons of soybeans per day per reactor. (160 tons soybeans/day)
* Target power plant production of 100 MW.
* Illinois Biofuel Group provides Funding for BioFuel site, permits, rail access, feedstock supply and any and all project financing for development, design, construction and startup costs.
* Mr. Radcliff has had several requests for investment money infusion into his project, more than enough to cover the expenses.
* USSEC/SSTP will provide funding for all aspects related to the design services and project management services of their reactor installations, as well as the operation of the plant once completed.
* Future introductions of USSE Technology in other key locations throughout Illinois possible.
* Dennis Radcliff already purchased several buildings and site, this has been verified by several Princeton, IL City Officials.
* Project is fully EPA permitted for air, construction and site, and all that remains to be done is to obtain the necessary permits from the city of Princeton.
* The buildings and site were formerly owned by Ag View FS, similar products were at the site before, so the biodiesel plant is a good use for the site.
* Princeton, IL Planning and Zoning Administrator, City Administrators and Mayor first heard about the proposed plant last summer, and all support the project.
* Princeton, IL is considered some of the prime grain production area in the country as witnessed by the amount of ethanol and biodiesel plants online or coming online.
* Ability to purchase "off spec" soybeans.
* Dennis Radcliff's background is construction in Chicago. He originally comes from the Princeton area, family of farmers and either owning or running the grain elevator in town with 40 years plus of roots in the community.
* Mr. Radcliff has been researching the biodiesel area for a few years. He had settled on the equipment he thought was best when somehow he was introduced to JR a couple of months ago. It became apparent that JR's Juice was better in a variety of ways.
* Princeton Plant planned ground-breaking is June 14.
Princeton numbers for crunching:
* Build 24 Reactors.
* Process 40 tons per day of feedstock in each reactor.
* Produce four gallons of biofuel per bushel of soy.
* Produce 56.34 cubic feet of biogas per bushel.
* Produce 20.1 lbs. of fertilizer/ash per bushel.
* Sell the ash at an estimated .15 cents a lb. Or use Italian gasification process/generators to create 2.5 MWe of power per ton of ash.
* Sell power $.063 per KW hour.
* Sell Green certificates for .030 per KW hour.
Illinois Biofuel Announcement PR:
http://biz.yahoo.com/iw/070424/0242952.html
Princeton Plant Newspaper Article:
http://www.investorshub.com/boards/read_msg.asp?message_id=19209185
7 Princeton Plant Documents:
http://www1.investorvillage.com/smbd.asp?mb=6776&mn=210&pt=msg&mid=2060042
CEO Dennis Radcliff Background:
http://www.investorshub.com/boards/read_msg.asp?message_id=19212060
Illinois Biofuel Update PR:
http://biz.yahoo.com/iw/070507/0249155.html
.
Re: Illinois Biofuel Update
Is Illinois BIO still going to happen? We have not one update since the announcement, and with USSE, the typical bet is that no news means it's been dropped. Update PLEASE.
Did you miss the update? Groundbreaking scheduled for June 14, 2007.
http://biz.yahoo.com/iw/070507/0249155.html