Four Rivers Signs Lease Agreement with Grean Technologies for STT(R) Reactor System
Nov. 30, 2009 (PR Newswire) -- CALVERT CITY, KY, Nov. 30 /PRNewswire-FirstCall/ - Four Rivers BioEnergy Inc. (OTCBB: FRBE) ("4Rivers" or "Four Rivers" or "the Company") today announced that the Company has entered into a lease agreement with purchase options with Grean Technologies of Hamilton, Ohio for a Four Rivers STT(R) Reactor System. Grean Technologies will be using the system for process intensification research for their flavors and fragrances business. The 4Rivers STT(R) Reactor System to be supplied is a 100ml volume system and was part of the assets acquired by 4Rivers from Kreido BioFuels, Inc. in March 2009.
Gary Hudson, Managing Director of the STT Business and Senior Vice President of Operations for Four Rivers stated, "This is another significant step in the commercialization of the STT(R) Reactor System. We are in the process of establishing a world wide network of agents to bring this technology to market."
David Moats, Principal of Grean Technologies stated, "We are excited to enhance our flavor and aroma productions with cutting edge technologies like the STT system. Having seen the bench-top Magellan STT system at the US EPA labs in Cincinnati, OH, we have leased the larger Innovator STT system.
This system will be utilized to provide sampling and small production runs before moving to full commercial scale quantities. The Innovator SST system will allow Grean Technologies to supply our clients with quality products while passing along cost efficiencies and reducing the environmental impact of chemical production."
STT(R) Reactor Systems are based on extensively tested and proven cutting edge process intensification technology developed over the past 10 years. The system has a myriad of industrial applications for the bioenergy, chemical, pharmaceutical, food, flavors, fragrances, nanotechnology, and other industries.
STT(R) technology creates significant increases in reaction rates where momentum, heat or mass transfers are involved. A significant benefit of the STT(R) technology is that optimization can be determined on the bench scale (Magellan(R) series), which then easily scales up through the pilot production (Innovator(R) series) and then into the commercial scale.
Some of the advantages that the STT(R) reactor technology brings include:- Rate enhancement- Improved conversion- Selectivity enhancement- Continuous processing versus batch- Improved temperature and reaction environment control- Reduced catalyst consumption and solvent use- Reaction of normally immiscible materials- Mixing of materials with large relative viscosities- Improved safety in handling toxic and explosive materials- Rapid and efficient cleaning- Small reactor foot print compared to conventional reactors
The STT(R) Reactor System is based on 4Rivers' own intellectual property and relies on technology and a combination of 12 issued patents, additional patents pending, copyright, trade secret laws, and know-how.
For more information on STT(R) Technology, visit http://www.riv4ers.com and click on STT Technology.
About Four Rivers
Four Rivers BioEnergy, Inc., is realizing the potential of biofuel and renewable energy by utilizing financial and operational expertise to aggregate biofuel and renewable energy assets, integrate value added technologies, and drive significant increases in efficiencies, output and profitability. Additionally, 4Rivers is committed to commercializing the STT(R) technology worldwide. STT, Magellan and Innovator are registered USPTO trademarks of Four Rivers BioEnergy, Inc., all rights reserved.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's good faith views and expectations when made. Forward-looking statements are inherently subject to known and unknown risks and uncertainties which, in the case of the company, include raising adequate capital to continue operations, technology and product development uncertainties, competition, cost and availability of feedstock, and plant development and manufacturing scale up. Actual results may differ, perhaps materially, from those discussed in the forward-looking statements. The company discussed in this release is not obligated to update its forward-looking statements or comment on those differences. Readers are encouraged to refer to the recent public filings of the company to further ascertain the risks associated with the forward-looking statements. Readers are urged not to place undue reliance upon such statements.
SOURCE Four Rivers BioEnergy Company Inc.
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