Vega’s biomass plans fit Federal State Energy Program
Vega Promotional Systems, Inc. announced that the Company’s
plan to manufacture energy efficient pellet fuel from
organic waste bi-products in the State of Georgia meets
the qualifying criteria to apply for a grant from the
State under the federal State Energy Program.
The United States Department of Energy announced in July
2009 that Georgia will receive $32.9 million in federal
money to support energy efficiency and renewable energy
projects across the state. The money is part of a total
of nearly $82.5 million the department will award Georgia
as part of the federal State Energy Program.
Georgia’s proposal outlined plans for increasing the
use of renewable energy and reducing greenhouse gas emissions.
The state will get more than $41 million in additional
funding upon demonstrating successful implementation
of that plan, according to the department.
Vega recently announced its plan to build a manufacturing
plant in the State of Georgia to produce biomass products
and bio-diesel products for power generation units. When
completed, the fuel pellet manufacturing facility will
capitalize on the abundance of biomass in Georgia’s Bioenergy
Corridor. The State ranks third in the nation as a potential
source of renewable energy. The amount of privately owned
forests in Georgia, more than any other state in the
country, is the reason for the State’s ranking. When
completed, the Georgia plant would have the capacity
to produce several hundred thousand metric tons of biomass
fuel pellets annually.
The Company will seek financial assistance from the State
to build its manufacturing plant. When complete, the
facility will create nearly 200 direct or indirect green
jobs and address state energy priorities to adopt emerging
renewable energy and energy efficiency technologies.