Did Somebody Say French Fry Oil in My Diesel Engine?
25 April 2000
Did Somebody Say French Fry Oil in My Diesel Engine?; SSPC's Biodiesel Can Give You a Higher Cetane Diesel Fuel That Makes Your Vehicle Exhaust Smell Like French Fries Instead of Diesel FumesSHREVEPORT, La., April 25 Southern States Power Company (OTC Bulletin Board: SSPC) announced today that the Biodiesel fuel it is now marketing under the trade name "OXy G B-60" has higher cetane rating than regular diesel, making it a new grade of "premium" diesel that leads to increased power and better performance from diesel engines. Furthermore, the oxygen bubbled into used grease from fryers like McDonalds (http://www.mcdonalds.com) makes it a more desirable feedstock than virgin oil from plants. The Biodiesel fuel produced from this feedstock using a proprietary process of SSPC and its partner NOPEC (http://www.nopec.com) has higher oxygen content than other Biodiesel fuels produced from plants such as rapeseed, soybeans or canola. One of the beneficial outcomes of burning Biodiesel in an engine is that the smell of diesel fumes is replaced by the smell of a deep fat fryer cooking french fries or other fried foods. So not only does SSPC's OXy G B-60 Biodiesel smell better, it also improves air quality as a result of having much lower emissions than regular diesel fuel. And furthermore, the fuel is a waste product of a cooking process that is now being thrown away in landfills or polluting waterways and sewage treatment plants when poured down the drain. What is equally important in evaluating Biodiesel from recycled grease as opposed to virgin oils is that the cost for producing the fuel is dramatically lower than the production cost of Biodiesel from plants. The average price for Biodiesel from plants is now selling in the $3.50 to $4.50 per gallon range, making it uncompetitive as a fuel except in certain high priced diesel markets in Europe and Japan. Biodiesel produced using the OXy G B-60 proprietary process is substantially lower in cost and will allow marketing of the product at a price closer to the average worldwide price for diesel fuel. Southern States Power Company (SSPC) has been aggressively marketing Biodiesel to customers in Arizona and nationally as a more cost-effective alternative to purchase of alternative fuel vehicles. (See press releases dated April 10, 2000 and August 3, 1999, entitled "Southern States Power Company Was Awarded First Contract for OXy G B-60 Biodiesel from Deer Valley Unified School District"). The very positive results from extensive testing of the OXy G B-60 Biodiesel fuel and the high cetane and oxygen content in the fuel will now permit SSPC to undertake a major international marketing effort with OXy G B-60. "The dissemination of data detailing the superior power and emissions possible from the use of our brand of Biodiesel fuel will lay the foundation for a major international marketing program SSPC is planning to launch in the near future," said Harrison A. McCoy III, Executive Vice- President of SSPC. "The sharp increase in the price of petroleum in the last few months has made the world realize that it cannot depend on the Middle East or Russia as its only source of transportation fuel. SSPC's Biodiesel product 'OXy G B-60' is a viable alternative to petroleum diesel and provides higher power and much lower emissions." Southern States Power Company is an energy resource company that entered the alternative fuels market during fiscal year 1999 by commencing with the development of a Biodiesel fuel division. Biodiesel fuel is a cleaner burning, environmentally friendly alternative to diesel fuel that is produced from renewable and recycled vegetable oils instead of petroleum. This press release contains forward-looking statements that should not be used to make an investment decision. Please refer to the SSPC web site (http://www.sspowerco.com) and other sources for detailed information, or call Michael Sealey at (318) 221-5703 or sspc@earthlink.net.
