Alternative Fuels Americas Successfully Concludes Biodiesel Research Trials, Moves Towards Production
HOLLYWOOD, Fla., May 22, 2013 /PRNewswire/ -- Alternative Fuels Americas, Inc. (AFAI) announced today that it has successfully completed research trials targeting Jatropha trees as a feedstock source for profitably produced, sustainable biodiesel, and is moving to establish above ground oil fields in Central America as a staged entry into a market forecasted to exceed $500 billion by 2019.
AFAI operates a 25 acre pilot plantation with 40,000 mature Jatropha trees in Tempate, Costa Rica. During the past years AFAI has conducted trials to establish best-practice protocols for maximum crop yield and production profitability. AFAI has successfully concluded its trials and plans to transition its activities to commercial scale.
"We have a strong degree of certainty that we can successfully farm and harvest Jatropha for the purpose of profitably producing biodiesel. We have dedicated much time and substantial resources to reaching this goal, which was a necessary rite of passage," comments AFAI CEO Craig Frank. "Now that we have reached our breakthrough we can continue towards profitably producing and selling biodiesel and initiate our plans to enter additional markets worldwide."
About Alternative Fuels Americas
AFAI (OTC-QB: AFAI) is a "seed to pump" vertically integrated energy company. The raw material (feedstock) used for green oil production is grown on our own farms and will be processed into biofuel in company owned oil refineries and sold into local markets. For more information, visit http://www.alternativefuelsamericas.com or contact David Jones at 561-210-7664.
Forward Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, product demand, market and customer acceptance, competition, pricing, dependence on third party vendors, working capital considerations, government regulation and other risks as otherwise discussed in the Company's SEC filings. Such forward-looking statements are subject to change at any time, and the Company's actual results may differ materially from anticipated results. The Company undertakes no obligation to update or revise any of such statements to reflect subsequent events or circumstances.
SOURCE Alternative Fuels Americas, Inc.
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