Heartland Energy Receives First Shipment of Biodiesel Production Equipment
Posted on November 15, 2006 at 18:02 PM EST
Heartland Energy Group Inc. (Pink Sheets:HEGP) today announced that they have received the first shipment of biodiesel production equipment. As part of an existing agreement with Dogwood Energy, Heartland will sell and market a full line of biodiesel and ethanol products. The biodiesel product, Bio MPUTM, can produce between twenty gallons per day and up to 1 million gallons for large plants.
Flex Fuel America, Heartland Energy’s product sales and marketing subsidiary, will represent a diverse line of Alternative Fuel products including these home- and commercial-based biodiesel production units and more.
Roy Thornhill, President of Heartland Energy Group, Inc., stated that: “The BIO MPUTM unit grants us access to tap into the multi-billion dollar diesel energy sector. This fruitful collaboration between Heartland and Dogwood Energy is our first step in executing our comprehensive marketing strategy. Our end goal is to deliver a cost effective and environmentally safe alternative energy solution to the American public.”
Biodiesel is the name of a clean burning alternative fuel, produced from domestic, renewable resources. Biodiesel contains no petroleum, but it can be blended at any level with petroleum diesel to create a biodiesel blend. It can be used in compression-ignition (diesel) engines with little or no modifications. Biodiesel is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics. Biodiesel is better for the environment because it is made from renewable resources and has lower emissions compared to petroleum diesel. It is less toxic than table salt and biodegrades as fast as sugar. Since it is made in the USA from renewable resources such as soybeans, its use decreases our dependence on foreign oil and contributes to our own economy. Automakers like Toyota (NYSE:TM), Honda (NYSE:HMC), BMW (Berlin:BMW.BE), and a multitude of others have planned to launch a full line of Flex Fuel and biodiesel vehicles.
The growing interest in ethanol, a clean, corn-based renewable resource, has paralleled the escalating price of gas and the urgent need to break the country's dependence on crude oil. Recently, the Big Three automobile manufacturers, GM (NYSE:GM), Ford (NYSE:F), and DaimlerChrysler (NYSE:DCX), appealed to Congress for incentives to increase the number of gas stations that offer blends of ethanol. Last year, Microsoft (NasdaqGS:MSFT) co-founder Bill Gates pumped $84 million into Pacific Ethanol (NasdaqGM: PEIX). Sir Richard Branson, chairman of the Virgin Group and worth an estimated $3 Billion, has plans to invest $300 to $400 million to produce and market this alternative fuel. Vinod Khosla, “guru” of Silicon Valley, co-founder of Sun Microsystems (NasdaqGS:SUNW), and one of ethanol’s most vocal advocates, has personally invested millions in private companies involved in the development of ethanol.
About Dogwood Energy:
Dogwood Energy, LLC is engaged in the business of manufacturing & distributing ethanol and biodiesel production equipment and products. We also offer educational seminars on the production of ethanol. By educating our customers, we hope to relieve US dependence on foreign energy sources.
About Heartland Energy Group, Inc.
Heartland Energy Group, Inc. is a North American-based alternative fuel resource and Service Company, dedicated to developing the infrastructure for the delivery of ethanol (e85). Heartland seeks to eliminate North America's dependency on foreign energy sources by focusing on innovative engineering that will enable the mass distribution of ethanol. Heartland Energy will also create an alternative fuel section for independent gas stations throughout the United States. Heartland Energy Group will transcend the future of renewable energy resources, with the ultimate goal of creating a cleaner brighter energy solution for North America. For more information, visit www.HeartlandEnergyGroup.com.
Based on current expectations and assumptions, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical experience and projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied. Consequently, readers should not place undue reliance on any forward-looking statements. Heartland Energy Group, Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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