JOHANNESBURG, South Africa, June 29, 2009 (GLOBE NEWSWIRE) -- Odyssey Oil & Energy, Inc. (OTCBB:OOGI) is pleased to announce the completion of the Pilot Plant at Xstrata Alloys smelter in Boshoek. The pilot plant is currently being tested under sterile conditions and should be fully operational within the next 2 weeks.
The plant will produce bio-fuels from algae and capture the carbon emissions from the smelter. The pilot plant will also be the foundation and part of the full commercial plant to be built on site.
ALG Western Oil (Pty) Ltd., a wholly owned subsidiary, has a Letter of Intent with Xstrata Alloys, a subsidiary of Xstrata Plc (LSE:XTA), as the preferred developer for the Xstrata Alloys Bio-Fuels Project. The objective of the project is to establish a commercial facility that will utilize the carbon dioxide produced by its smelters to produce bio-fuels from algae.
"With completion of the pilot plant, the company has entered into a new and exciting era and positioned itself at the leading edge of the bio-fuels and carbon capture industry, and we intend to expand rapidly in this area," said Arthur Johnson, President.
For further information on the company please contact the company at
+27(11) 807-1446 www.odysseyoil.net
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