Green Star Products, Inc. (OTC PK: GSPI) is involved in the production of renewable clean-burning biodiesel. The company has an environmentally friendly focus that involves them in renewable production of other products such as lubricants, additives, and devices that reduce emission. The Company also looks to have these productions improve fuel economy in vehicles, machinery, and power plants.
Being an early pioneer in the research of alternative energy sources in the 1990s, Green Star Products has advanced its technologies to focus on the commercialization and mass production stage. The Company has established a number of pilot and commercial biodiesel processing plants. In 2007, they announced the development of an innovative processing system that allows algae-to-biodiesel conversion that offers a potential solution to Global Warming issues and rising oil & gas prices.
Green Star Products has its own plants and reactors that it will not directly sell in order to ensure the security of its advanced technology, trade secrets, and intellectual properties. The Company’s alternative for this safe-keeping is to form joint venture arrangements with customers who become operating partners in each facility. The Company acquired the exclusive license for its advanced biodiesel reactor technology from Bio-Clean Fuels, Inc. for the entire United States.
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Green Star Products is an environmentally friendly company focused on producing renewable clean-buring biodiesel and other products such as lubricants, additives and devices that reduce emissions and enhance fuel economy in vehicles, machinery and power plants.
The Company was one of the first to begin researching alternative energy sources in the 1990s. After a comprehensive period of R&D, Green Star Products now has advanced its technology towards the commercialization and mass production stage. The Company has already established multiple pilot and commercial biodiesel processing plants and has customized its technology to work with an array of feedstock solutions.
Last month, Green Star Products entered a contract with Biotech Research Inc. (BTR) to begin initial preparation and the gathering of materials for the construction of a 100-acre commercial algae facility. The construction stage is expected to begin in March 2008. The building will be used to feed an algae-growing facility with CO2 emitted from a biodiesel plant’s boilers.
The analyst who completed the report stated in conclusion, “Applying management’s 2008 revenue forecast of $10 million to the clean energy peer group’s 2008 P/S multiple of 6.60x, we derive a target price of $0.18 for GSPI’s shares. Taking into account the Company’s increasing revenue visibility, progress in advancing its algae-to-biodiesel conversion technology and prior successes, we are initiating coverage of GSPI with a Speculative Buy rating and a $0.18 price target.”
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