Replies to post #52381 on Zeons Corporation (ZEON)

[Pennimon]

Funny how that plant sounds alot like this one?:

U.S. Sustainable Energy Corp. (PINKSHEETS: USSE) and Sustainable Power Corp. (PINKSHEETS: SSTP) are pleased to update the previously announced Illinois Biofuel Joint Venture.

The plan is to construct two facilities with groundbreaking scheduled for June 14, 2007. One facility will produce ASTM-standard biodiesel fuel for transportation, and the other will produce USSE/SSTP biofuel, green energy and 7-3-7 organic based fertilizer. Green energy refers to electricity produced by generators running on biofuel created by the soybeans, and this electricity will be sold by Sustainable Power Corp. into the power grid. The project is currently EPA permitted for production of 30 million gallons a year but expects to soon apply for a 20 million gallon expansion.

Dennis Radcliff, president of Illinois Biofuel Group, said, "This is going to rewrite the book on biodiesel. The USSE/SSTP process is groundbreaking because of the enormous yield produced per bushel of soy. Furthermore, we go from bean to fuel in 8 1/2 minutes reducing our costs further. The process loves soybeans that are not good for other uses, such as high moisture or rotten beans, otherwise known as 'off-spec' beans. We plan on buying all these beans from local farmers and helping restore economic balance into the local and regional farm community."

USSE/SSTP CEO John Rivera stated, "Our intent is to build 24 reactors on the site and process 40 tons per day of feedstock in each reactor. As a result, using conservative estimates, we will produce four gallons of biofuel per bushel of soy, plus 56.34 cubic feet of biogas per bushel, plus 20.1 lbs. of fertilizer/ash per bushel. We will then sell the ash at an estimated .15 cents a lb or use Italian gasification process/generators to create 2.5 MWe of power per ton of ash. The liquid and gaseous fuels will be used in turbines to create electricity. Our model calls for the selling price of power into the grid of $ .063 per KW hour, and the sale of the resulting Green certificates for .030 per KW hour."