Vega Biofuels to ship torrefied pellet samples to Europe

The EU has the world's largest regional energy market and accounts for one fifth of the world's energy use. European power companies have been mandated to cut carbon dioxide emissions by 20 percent by the year 2020. One option is torrefied bio-coal, and according to Vega, Europe's biomass resources are relatively small and unable to provide the necessary woody biomass to meet the mandate

"The first step in marketing our product is to allow clients to do laboratory testing," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. "We are now able to provide the necessary samples of our product to perspective clients for testing. This is a huge step for our Company. Once the lab testing is completed, the next step is to provide enough product to be processed through their existing fossil coal handling chain."