HUGE VGPR News Out!!!
Vega Signs Large Torrefaction Agreement With Hong Kong Firm
2 minutes ago - Market Wire
VEGA PROMOTIONAL SYSTEMS, INC. (PINKSHEETS: VGPR) announced today it has entered into a Joint Venture Agreement to build multiple manufacturing plants throughout China to produce alternative energy using torrefaction technology.
Vega and its Joint Venture partner, Global Capital Market, LTD (GCM), located in Shenzhen City, China, plan to build up to 10 manufacturing plants throughout the country. The Joint Venture company will utilize special torrefaction technology to produce pellets from organic waste products that will then be sold to power generating companies.
GCM is providing the land for the manufacturing facilities, the factories, and the necessary biomass resources to produce 100,000 metric tons of torrefaction pellets annually in each plant, generating approximately $14 million in annual revenue, per location.