Vega picks Georgia for bio-coal project site

May 6, 2011 |

In Georgia, Vega Biofuels reported that their bio-coal manufacturing plant will be located in Crisp County.

The final decision was made to locate the manufacturing facility in Cordele, GA after learning that the Crisp County/Cordele Industrial Development Authority and Intermodal Services, Inc. were about to complete construction on the new Cordele Inland Port that will service the Port of Savannah, one of the South’s largest international shipping ports.  Shipping is a large component of Vega’s business and significantly affects the price the Company can charge for its products.

Bio-coal is much cheaper to ship than other forms of alternative energy such as fuel pellets.  Target markets for the Company’s products are power plants around the world that face mandates to increase biomass usage in their coal burning power plants. Firing bio-coal in traditional coal power plants will not require any retrofitting of existing plants.

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