<<Just a question...if the technology is UNPROVEN commercially, why a press releases that you were ready to build 150 plants in 2015? Why the press release that you were going to build 50 plants in 2016 with RRDA? Why the press release that you were going to apply your bolt on with Harvesting Technologies back end process in 2016? Why the press release that you were going to build a plant in California with Earth's renewable Energy and lastly, why the press release that you were going to build a plant in Georgia with Phoenix Biomaterials?>>
Magmar:
Those are all excellent questions. It shows that you have logic and reasoning, which is the enemy of ALLM's management.
I throw one more in there, in 2015 they were supposed to produce 1,000 tons per day!
WEST PALM BEACH, FL--(Marketwired - July 23, 2014) - Alliance Media Group Holdings, Inc. (OTCQB: ALLM) (the "Company") announced today that its affiliate Carbolosic, LLC has entered into an agreement with PFL Petroleum Services, LTD to offtake all of the Industrial Grade Concentrated Cellulose Sugar Syrup the Carbolosic plants produce over the next three (3) years, once the plants are operational.
This agreement comes on the heels of Carbolosic's announcement last week that it has secured funding for five Cellulose to Sugar (CTS™) plants in the South Florida area. PFL has a long history in biofuel markets and gives Carbolosic access to the world markets for its proprietary Cellulose Sugar Syrup made from a variety of agriculture and yard waste.
Carbolosic anticipates the first plant will open in 2015 and will be producing Cellulose Sugar Syrup almost immediately. "Palm Beach County has no shortage of yard waste and this first plant should process upwards of a thousand tons a day," said AMG Renewables, LLC CEO Joe McNaney. He went on to say, "These plants could provide almost a million tons a year of fermentable sugars to the bio fuel and fine chemicals industries, without taking valuable food out of the market."
Under the terms of the agreement up to 144,000 tons of condensed fermentable sugar syrup per plant, per year will be bought by PFL and distributed into the world market. The agreement is for three (3) years plus extensions and could generate upwards of $112,000,000 in revenue per plant each year. Not only are non-food source cellulose sugars mandated by congress under Renewable Fuels Standard II; they also carry very important financial incentives from the U.S. Government to use them in Ethanol and Bio-diesel blending.
Aside from the Cellulose Sugars, the Carbolosic plants may eventually produce a variety of products including various fine chemicals such as vanillin and syringaldehyde as well as plastics, carbon fibers and lignin, all from the same agriculture and yard waste using Carbolosics patented technology. PFL will seek to offtake these products as well, once they are available.>>
Magmar...Do you know the difference between UNPROVEN and NOT READY? your words...not mine. Unproven means it is ready but yet to be deployed commercially whereas Not Ready means....well not ready. So what are you asking?
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