Zenergy International, Inc. Secures Feedstock Allowing for Full Capacity at 5 MGPY Facility
November 20 2009 - 8:17AM
Marketwired
Zenergy International, Inc. (PINKSHEETS: ZENG) is pleased to
announce that the Company has been successful in securing
sufficient feedstock to continue operations and facilitate
extensive production in Littlefield, Texas. While the exact amount
and variety is proprietary, the Company believes that the quantity
will be sufficient to fuel production for a multiple of years while
also supporting the anticipated expansion of current and future
facilities.
The feedstock acquired will enable Zenergy to restart the
Greenlight Biofuel unit, commence production, and reinitiate the
distribution of material to its customer base. The Company expects
to reach its goal of full-scale production in Littlefield by second
quarter next year.
"We have surpassed even our own expectation in the value of this
transaction. This is very good news for our shareholders,
considering that we are now set to launch full-scale production.
The demand for biodiesel is present today however the key is
economics. We believe by securing large amounts of low-cost
feedstock in conjunction with our optimization expertise, we are
well on our way in defining the way the current biodiesel sector
will evolve," stated Robert Luiten, Founder & Chairman of
Zenergy International.
As recently announced, the Company's management has refined the
initial capital structure, enabling Zenergy to maximize the growth
potential of its shareholder value. It is, and will continue to be,
of paramount importance to Zenergy International; that as the
Company evolves through new business development and acquisitions,
that Zenergy International's shareholders are given an opportunity
to grow with the Company through an established favorable
environment for profitability.
About Zenergy International, Inc.
Zenergy International, Inc. is a global biofuel solutions
provider which works to deliver biofuels at a competitive price,
focusing on sustainable resources, safe practices, and compliance
with all environmental laws. The Company strives to minimize
overall environmental impact. Zenergy is engaged in the development
and acquisition of biofuel sites, including constructing, acquiring
existing facilities and operating fuel-grade biodiesel and ethanol
plants. Please visit our website at www.ZenergyIntl.com for more
information.
Safe Harbor Act: This release may contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E the Securities Exchange Act of
1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. "Forward-looking statements"
describe future expectations, plans, results, or strategies and are
generally preceded by words such as "may," "future," "plan" or
"planned," "will" or "should," "expected," "anticipates," "draft,"
"eventually" or "projected." You are cautioned that such statements
are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including
the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors.
Contact: For more information visit our website at
www.ZenergyIntl.com or Contact Investor Relations: Gibraltan
Financial (407) 830-9777
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