Replies to post #214 on Green Star Products Inc (GSPI)

[EarnestDD]

Dr Glen told our group that there was a biodiesel plant in the Houston area that was pleading for oil.
The Houston guys had built a 100 million gallon/yr. plant and had no feedstock.
How bad is that for planning?

[biofuel]

Welcome to the board NavyPilot.

It's hard to say who is in position to lead in this algae market because no one has successfully done it yet. Oil giants like Shell is now in the algae game. I would say look for

1. The one who can commercially and economically demonstrate that they can grow algae, extract its oil content and convert it to biodiesel.

2. The one who can construct an economical and commercial grade algae facility capable of producing large quantities of algae on a continuous basis and in any wide range of weather conditions.

3. The one who has financial backing and does not have to dilute stock value to get all this done.


I'm still waiting on news of the GSPI 100-acre algae facility that was supposed to have started construction on March 2008. If they can get this facility up and running and financial backing is not an issue, then we may have a lead by GSPI. From there they have plans for a 1000-acre facility. I believe their consortium approach can help prevent further stock dilution. They are also working on getting bank financing. Plus they should also earn franchise revenue from plants like the Odessa facility and DeBeers (progress not confirmed). Looks like DeBeers is having trouble getting started.

Shell from what I have heard is only in the R&D phase and they are working with a company in Hawaii.