Replies to post #62812 on Industry Source Consulting Inc (INSO)

[Taemujin]

RL,

I'm not sure what exactly you are asking but I try to clearify the best I can.

ATP's operating affiliates, like ATP-SC, LLC (ATP-SC), will produce clean and renewable torrefied products, for domestic and foreign customers, from animal, plant and wood biomass. ATP-SC has been given the exclusive right to develop torrefaction plants in South Carolina and is developing a $3.65 million, 13,000 TPY pilot plant on the grounds of a very large wood processing operation, in Allendale, South Carolina.

First, we know that ATP (Agri-Tech Producers, LLC) is the parent company of ATP-SC. Vega Biofuels is the JV partner of ATP-SC. I think when Joseph said "exclusive rights" it only applies what ATP-SC can build, market, and sell only in South Carolina or under the name of ATP-SC. So yes, you are right in that Vega's JV ATP-SC has the exclusive rights in SC. I know that Joseph James is trying to build other plants in different states (North Carolina, Georgia, and others) probably does not include Vega Biofuels as a JV. That is just my guess, I could be wrong. I also see that most of the Biocoal produced by ATP-SC, if not all, will be shipped out to the European market for some time to come.

On a different note, you had also raised the question about the funding -

Funding has now been committed and the plant is scheduled to open in Q1 2015.

I think the funding that Vega is responsible for is already in the books. But I do recall hearing on the CC, Molen did say that they are contemplating building the ATP-SC pilot plant on a bigger scale to produce more biocoal than originally planed. My guess is that all this will depend on the PPM and how much funds Vega can raise.

GL to you,

T.

Below is the Joseph James LinkedIn page for reference.