VGYI News: Vision Energy Group, Inc. Commissions Biodiesel Feasibility Report
Tuesday August 1, 7:55 pm ET
LOS ANGELES--(BUSINESS WIRE)--Aug. 1, 2006--The Board of Vision Energy Group, Inc. (Pink Sheets:VGYI - News) has engaged The Affordable Energy Group Inc. of San Diego to carry out a detailed financial feasibility study on their proposed Biodiesel Production facility in the Fresno district of the Central Valley in California.
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This final step, before committing substantial capital to the Project, follows several months of investigation and research into the market for the high quality B100 that will be produced and to identify the most suitable plant site that is available.
Initially, plant production will be approximately 7,000,000 gallons per annum with an ultimate annual target of 50,000,000 gallons from this site.
Various sources of plant oil feedstock for the expanded production are being considered including soybean oil, cottonseed oil, rapeseed oil and residue pulp from winemaking.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact:
Vision Energy Group, Inc.
Matt Wyrick, 310-821-2244
Source: Vision Energy Group, Inc.
