From the Wires
U.S. Sustainable Energy Corp. Announces Agreement With I.C. Thomasson Associates, Inc. to Build an Organic Fertilizer and Biofuel Production Facility in Natchez, MS, and a 40 MW Green Power Generation Facility in Vidalia, LA
U.S. Sustainable Energy Corp. Announces Agreement With I.C. Thomasson Associates, Inc. to Build an Organic Fertilizer and Biofue
By: Marketwired .
Oct. 16, 2006 01:40 PM
NATCHEZ, MS -- (MARKET WIRE) -- 10/16/06 -- U.S. Sustainable Energy Corp., a Mississippi Corporation ("US Sustainable," "USSEC" or "the Company") (PINKSHEETS: LFZA), announced today an agreement with I.C. Thomasson Associates, Inc. ( www.icthomasson.com ) to build an organic fertilizer and biofuel production facility in Natchez, MS, and a 40 MW Green power generation facility in Vidalia, LA.
Kelmer R. Smith, Jr. PE, CEM, CPP, President of I.C. Thomasson MS Operations, stated, "For the last several months, I have had the privilege of assisting USSEC in preparing a Basis of Design Document for their Natchez, MS, production plant as well as a feasibility study for their Vidalia, LA, power generation station. I have personally witnessed the production of the USSEC biofuels and have seen one formulation demonstrated as a 50/50 fuel in a variety of unmodified diesel engines and a second 100% formulation demonstrated in several gasoline engines. In my opinion, USSEC will produce the next generation biofuels with significant, positive socio-economic impacts. I.C. Thomasson Associates, Inc. is elated to be chosen as the design professional to assist USSEC in implementing this ground-breaking technology."
Commenting further, USSEC's CEO John Rivera stated, "We are extremely pleased to partner with I.C. Thomasson. They have considerable specialized prime engineering experience covering a wide range of projects. These include industrial and institutional steam plants, central chilled water plants, cogeneration systems, utility distribution systems, distributed and standby power generation, process control systems, soybean processing facilities, edible oil refineries, environmental systems and related process type projects. By choosing USSEC's green power, homes, businesses, and governments support the development of cleaner forms of power generation and reduce their own environmental impact. And as more green power is developed, the overall environmental impacts associated with electricity generation will be reduced."
About U.S. Sustainable Energy
USSEC holds patent pending technology for a new breakthrough biofuel and carbon based fertilizer. USSEC has successfully demonstrated the most cost effective method of producing biofuel estimated at $.50/gallon according to exhaustive studies and independent Lab confirmation. The company has developed the process, units and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. USSEC's research and development has successfully demonstrated the core technology in its fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations. Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered.
For further information on the company, please visit www.ussec.us
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press release and some oral statements are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-Looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-Looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and the Company has no specific intention to update these statements.
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