NEW YORK, Sept. 20, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter Magazine recently broadcasted an exclusive interview with Joseph LaStella, president of Green Star Products Inc. (Pink Sheets:GSPI), detailing how his company is in the right place to wean biodiesel and ethanol producers off their dependence on traditional oilseed agricultural commodities.
"People didn't realize there was going to be a shortage of feedstock both in the biodiesel side of the business and the ethanol side of the business," Mr. LaStella tells Wall Street Reporter. "We're taking food off the table and making fuel out of it, and that has never been an answer."
The interview is now available at http://www.wallstreetreporter.com/page.php?page=featured&tab=2&id=26706 in streaming audio and mp3 format, free of charge.
Highlights include discussion of the following topics of interest:
-- How the recent run-up in corn and soy prices has effectively locked up the emerging biofuels production industry.
-- How the company's canola oil production strategy offers local farmers a short- and long-term sustainable energy independence solution.
-- How Green Star's efforts to develop algae in particular as an alternative biodiesel feedstock are approaching the commercial stage. "We're very close to it," he says, indicating that the infrastructure for algae farming could take six months to a year or more to put in place.
-- How the company's algae-driven biodiesel production process represents a cost-effective advance compared to closed-reactor algae systems or open ponds.
-- The advantages of cellulosic ethanol production, which can generate ethanol out of a wide range of agricultural waste including wood, rice and corn stalks and municipal waste.
"We've been in the biodiesel business for a long time," he tells WSR. "We have the most advanced, cost-effective and fastest biodiesel reactors in the world."
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About Green Star Products Inc.
Green Star Products Inc., through its subsidiaries, engages in the construction of biorefineries for the production and global sale of renewable clean-burning biodiesel and cellulosic ethanol. Other environmentally sustainable products include lubricants, additives and devices that are used in vehicles, machinery and power plants.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business.