BOCA RATON, Fla., Jan. 31, 2007 (PRIME NEWSWIRE) -- StockMarketNewsAlert.com issues New Trade Alert for Perihelion Global (Pink Sheets:PHGI). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive, the company announced that the corporation has filed a Uniform Grain and Rice Storage Agreement (UGRSA) application with the U.S. Dept of Agriculture to enable Perihelion Global to purchase and store feedstock grain supply for its BioFuel Refinery in Opp, Alabama. The applications have been formally filed with the U.S. Dept of Agriculture Commodity Credit Corporation (CCC) Commodity Management Division.
The company expects to use 1 ton of feedstock per day to produce 40 Million Gallons of fuel grade BioDiesel annually. Licensure with the U.S. Department of Agriculture will provide Perihelion Global a strategic advantage by allowing the company to buy and store feedstock from the U.S. Department of Agriculture Commodity Credit Corporation in addition to private feedstock producers.
Upon formal approval, Perihelion Global expects to store up to 60 Tons of feedstock supply -- primarily peanuts, rapeseed and cotton seed onsite at its Opp, Alabama facility. The land for the feedstock storage facility was provided to Perihelion Global by the City of Opp and will be co-located with the company's BioFuel Refinery in the Opp Industrial Park.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of the 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications.
Website: www.perihelion.com
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