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.