SOURCE: Green Star Products, Inc.

Green Star Products, Inc.

August 17, 2011 09:30 ET

Green Star Products' State-of-the-Art Biodiesel Plant in Odessa, Washington Restarts Operation

SALT LAKE CITY, UT--(Marketwire - Aug 17, 2011) - Green Star Products, Inc. (PINKSHEETS: GSPI) announced today that on July 11, 2011, Biodiesel Magazine (http://www.biodieselmagazine.com) wrote an article titled "Washington plant restarts biodiesel production, canola crushing."

The article stated: "After sitting idle for a year, Inland Empire Oilseeds LLC managed to restart production at its 8 MMgy canola-based biodiesel facility, including an adjacent canola crushing plant, in Odessa, Washington."

The article further stated: "The plant resumed production in June and held an open house for industry and community members in July to commemorate the opening. [Also on site is] the canola crush facility, which can crush about 90 to 100 tons of canola per day.

"The Inland Empire Oilseeds plant first came online in November 2008. The company is a vertically integrated company and sources its feedstock within Washington and neighboring states of Oregon and Idaho, crushes seed and produces its own biodiesel."

Green Star presently owns a 10% interest in the biodiesel plant and crushing facilities at Odessa. However, present owners will probably experience a reduction in participation to attract additional funding.

Mr. Joseph LaStella, President of Green Star Products, commented: "Green Star Products built the biodiesel plant in 2007 and 2008. There were some initial start-up problems associated with the back end of the plant. The proprietary continuous flow reactor built by Green Star is responsible for turning raw oils and methanol catalyst through a transesterification chemical process into biodiesel. After our reactor, methanol and glycerin are removed from the chemically reacted biodiesel to achieve market certification. The Odessa plant is one of the few plants in the United States which is capable of processing raw seed grown by local farmers directly into biodiesel."

A banner which was placed at the Odessa plant in 2007 stated, "This Is Our Declaration of Energy Independence." This declaration was trademarked by Joseph LaStella.

In 2003, Mr. LaStella distributed a report called "New Generation Co-ops." This report was based on some earlier work by university professors which state that the only true way for local farmers to establish true independence from the grips of foreign oil is to take a portion of their land and grow oilseeds, either soybeans or canola. Farmers should band together and build crushing plants in association with biodiesel plants. Exactly what was done in Odessa, Washington.

Approximately 90% of all the biodiesel plants in the United States do not have crushing facilities and are totally dependent on often irrationally high international vegetable oil prices.

Mr. LaStella stated: "Such a plant should be looked at by the local community not as an initial money making proposition but as an insurance policy that extends forever for local farmers so they will never be held hostage to foreign oil. If farmers produce oilseeds locally and invest in a crushing/biodiesel facility they can always obtain two things that they need: clean feed for their livestock and most importantly they will always have fuel to run their tractors and other farm equipment."

Mr. LaStella further remarked: "The United States has concentrated for the past ten years on producing ethanol. Farm equipment, railroads and the entire transportation industry runs on diesel not on ethanol. Therefore, we must understand that all the ethanol in the world will not keep United States' industries operating.

"Our proprietary continuous flow biodiesel reactor is the cornerstone for all the future biodiesel plants that we will build around the world."

Another article, outlined in Biofuels Digest, titled "Biofuel Mandates Around the World" (http://www.biofuelsdigest.com, July 21, 2011), stated that by 2022, 52 countries worldwide will be building at least 1,000 biorefineries to meet their 60 billion gallon per year mandate. These mandates are in place now. Already, Green Star has been asked to bid on biodiesel plants in other countries. Recently, GSPI submitted a bid with an international company on the first of 40 biodiesel plants in Ukraine. This is one of several countries which have requested further information about our proprietary reactor system and biodiesel plants.

About Green Star Products
Green Star Products, Inc. (PINKSHEETS: GSPI) is an environmentally friendly public company dedicated to creating innovative, cost-effective products to improve the quality of life and clean up the environment. GSPI and its Consortium are involved in the production of green sustainable goods including renewable resources like algae biodiesel and clean-burning biofuels, cellulosic ethanol and other green products, as well as lubricants, additives and devices that reduce emissions and improve fuel economy in vehicles, machinery and power plants. For more information visit http://www.GreenStarUSA.com, or call (800) 741-7648 and (800) 340-9784, fax (619) 789-4743, or email info@GreenStarUSA.com.

Forward-looking statements in the release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic filings.

Contact Information

  • CONTACT:
    Joseph LaStella
    President
    Green Star Products, Inc.
    800-741-7648
    800-340-9784
    619-864-4010
    619-789-4743 (fax)
    info@GreenStarUSA.com