SOURCE: Vega Biofuels

August 11, 2014 11:34 ET

Vega Biofuels to Ship Large Biochar Order to International Retail Client for Testing

Order Includes a Truckload for East Coast and a Truckload for West Coast Testing

NORCROSS, GA--(Marketwired - Aug 11, 2014) - VEGA BIOFUELS, INC. (PINKSHEETS: VGPR) announced today that the Company has received an order for its Biochar product to be shipped to an institutional client for testing. 

Each truckload will consist of ten pallets of Vega's 3mm premium Biochar. The Biochar will go through various testing to determine whether or not it is acceptable to the client. If accepted, Vega could receive a Purchase Order that could grow to 100% of the Company's total current production capacity. 

Vega recently announced that it had purchased a Colorado corporation that held a Worldwide Reseller Agreement with Biochar industry leader, Biochar Now, LLC. The unique Reseller Agreement is the only one of its kind and gives Vega the rights to market the Biochar product to all industries worldwide with a "favored nation" status on pricing.

Vega's Biochar is a highly absorbent specially designed charcoal-type product that among other things can be used as a soil enhancement for the agricultural industry to significantly increase crop yields. The Company's Biochar offers a powerfully simple solution to some of today's most urgent environmental concerns. The production of Biochar for carbon sequestration in the soil is a carbon-negative process. 

"We've been working with this client since the Financial Conference in Denver," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. "The client is currently using a very large amount of a soil enhancement and is interested in adding a premium Biochar product. We are confident that the testing will go well and we look forward to receiving a Purchase Order to start producing thousands of pounds of Biochar, some of which would be shipped internationally. The potential from this relationship is large and we anticipate we will have to significantly increase our production capacity to meet the demands of this client. We are fortunate that our production process is scalable and can be easily increased to meet this demand." 

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "plan," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.

Contact Information

  • CONTACT:
    Vega Biofuels, Inc.
    800-481-0186
    Email Contact
    vegabiofuels.com
    @vegabiofuels