WILMINGTON, Del. and OPP, Ala., Jan. 30, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Pink Sheets:PHGI) is pleased to announce that on Monday, January 29th, the company successfully broke ground on its first biofuels refinery located in Opp, Alabama. The plant, scheduled to be producing in 2008, is drawing wide support from both state and local officials, as evidenced by the impressive list of guests to the morning event.
Representative and Speaker of the Alabama House, Seth Hammett (D), was in attendance and spoke in support of the biofuel refinery. Top Congressional aides from US Representative Terry Everett (R), and US Senator Richard Shelby (R) also voiced support from their respective congressmen. State Senator Jimmy Holley (D) was again able to make the event, and City of Opp Mayor H.D. Edgar continued to show great leadership to the local community with his steadfast encouragement and enthusiasm about the project. The Opp City Council, The Covington County Commissioners as well as the Covington County Economic Development Commission were also well represented.
Clearly, there is a growing bipartisan effort to see the Perihelion plant thrive, and the company believes it will achieve similar public support for its future biofuel refineries as well. In a WSFA NBC-12 Interview, CEO John H Beebe commented, "This is the first biofuel refinery and first groundbreaking of what we hope to be many. We plan on coming into this space very strong."
WSFA NBC-12 Video Coverage: http://tinyurl.com/38cr8m
After the initial grading and conditioning of the land, the company will begin visible construction of the warehousing units which will primarily store peanut feedstock. The company expects to be purchasing locally grown peanuts for storage as early as August 2007.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace. Website: www.perihelion.com
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