U.S. Sustainable Energy Corp. Acquires 35 Acre Industrial Facility as the Cornerstone for Biofuels Revolution
Tuesday December 12, 1:25 pm ET
Property Acquired in All Cash Transaction Centered in Gulf of Mexico Power Grid Epicenter With Logistical Access to World's Power Markets
ATCHEZ, MS--(MARKET WIRE)--Dec 12, 2006 -- U.S. Sustainable Energy Corp. announced today that through its affiliated real estate holding company, it has acquired a 35 acre 447,800 square foot facility located in Natchez, Mississippi. Located at 110 L.E. Berry Road, Natchez, MS, the property was recently appraised at $8.9 million and was acquired in an all-cash transaction. It comprises 35.28 acres of land situated adjacent to the Mississippi River, the largest navigable river in North America.
John Rivera, CEO OF USSE, commented on the facilities acquisition, "This is a vastly positive step in our mission statement to bring our Green Power, 100% organic fertilizer and renewable biofuels to the world markets. This facility is uniquely situated to provide the world's power markets access to USSE biofuels. Adjacent to waterway shipping channels and located in close proximity to electrical substations, this property is an incredibly unique parcel that will enable our company to quickly and efficiently enter the global renewable resources markets without massive investment in logistical support. Furthermore, we are in the process of purchasing parts for our revolutionary reactors and will now quickly work toward completion of construction of our new state-of-the-art facility."
About the Facility
The property consisting of 35 acres and facilities in excess of 400,000 square feet is situated on the waterfront in Natchez, Mississippi, in the center of the gulf natural resources supply chain. The waterfront docks at the facility are capable of servicing six barges simultaneously for soy and corn feedstock unloading. The facility also includes full rail car infrastructure capable of supporting 100 rail cars a day through 1500 feet of linear rail siding to the building with 17 rail bays each having an 8' x 10' rail door at each level. The building also includes four large truck bays, one truck well and ample office space. The facility is located near electrical substations and has a 115kv transmission line. The facility also has access to existing working liquid loading docks for shipping biofuel via barge and is perfectly suited for delivery of the company's products including organic 7-3-7 fertilizer and other bulk solid products. Finally, the facility is located near US Highway 61 for easy truck access.
About U.S. Sustainable Energy
USSEC holds patent-pending technology for a new breakthrough biofuel and carbon-based fertilizer. USSEC has successfully demonstrated the most cost-effective method of producing biofuel estimated at $.50/gallon according to exhaustive studies and independent Lab confirmation. The company has developed the process, units and catalyst that will transform agricultural biomass into biofuel and fertilizer. This technology offers a solution for foreign oil dependence, balancing industrial and agricultural concerns with environmental issues and stabilizing and eventually reversing global greenhouse gas emissions. USSEC's research and development has successfully demonstrated the core technology in its fully functional facility located in Port Gibson, MS. The company is currently pursuing fully scalable implementation and deployment at further locations. Unlike other biomass gasification, the USSEC process can operate at a variety of scales, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered.
Source: U.S. Sustainable Energy Corp.
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