SOURCE: Vencor International

Vencor International

February 26, 2015 08:30 ET

Vencor Signs Timber Contract to Lower Feedstock Costs

Three Year Agreement to Increases Company's Bottom Line

BOULDER, CO--(Marketwired - Feb 26, 2015) - VENCOR INTERNATIONAL, INC. (OTC PINK: VCOR) today announced it has entered into an Agreement to purchase timber waste for use in manufacturing torrefied wood products.

Vencor has entered into an Agreement with a local logging company to purchase their tree top timber waste. The three year deal will have a significant impact on the Company's bottom line by lowering its feedstock costs. The Agreement can be extended for additional three year terms by the Parties.

Vencor recently announced that the Company had entered into an Agreement with Georgia based, Vega Biofuels, Inc. to manufacture Vega's Bio-Coal product using torrefaction technology. In an effort to increase its production capacity, Vencor has purchased a second torrefaction machine. The second machine doubled the Company's production capacity and created a need for additional timber feedstock. This Agreement will provide Vencor with enough sustainable raw feedstock to run both machines to meet the demand from Vega Biofuels and the Company's other clients. The Agreement lowers the Company's feedstock costs by approximately thirty five percent.

Bio-coal is a renewable energy product produced from timber waste using technology called torrefaction. The physical and energetic properties of the biomass are then much more comparable to conventional coal. The torrefaction process has the added benefit of reducing or eliminating undesirable volatiles, such as nitrous oxides and sulfur dioxides in the Bio-coal. Bio-coal is considered carbon neutral to the environment. The key property that makes Bio-coal attractive for co-firing in existing coal-fired power stations is its superior grind ability compared to untreated or fresh biomass. Bio-Coal has a high energy density and is considered a renewable energy fuel that meets the Renewable Portfolio Standards and Renewable Energy Credits (RECs) in the United States.

For more information about Vencor International, Inc., visit the Company's corporate website: vencorintl.com

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," "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:
    Vencor International, Inc.
    303-476-9998
    Email Contact
    vencorintl.com
    @vencorintl