Steve Muehler announces a Joint Venture for a new Biofuels venture in the Philippines

Top Quote Steve Muehler, CEO of Blue Coast Securities Corporation, announced today a new "Jatropha" Biofuels venture in the Philippines. End Quote
  • (1888PressRelease) May 24, 2013 - Los Angeles, CA - Mr. Steven J. Muehler, Chief Executive Officer or Blue Coast Securities Corporation today announced that the firm has acquired a minority equity position in a Phillipines BioFuels Company for the production of "Jatropha Biofuels" in the Philippines. The joint venture will be engaged in jatropha production and biodiesel processing in the Sierra Madre Mountain Range of the Philippines. The target aggregate plantation area is 110,000 hectares divided into clusters of 10,000 hectares per clsuter. The total biodiesel annual production at peak capacity is 18 million liters per cluster or 198 million liters for the aggregate area. Through contract production arrangement with farmers who are farming lands in marginally productive areas in the Sierra Madre Mountain part of the provinces of Cagayan, Isabela, Nueva Vizcaya, Qurino, Nueva Ecija, and Quezon on Luzon Island in the Philippines, jatropha plantation will be organized and placed under the integrated production and processing arrangement. The biodiesel processing facilities will be centralized for every 10,000 hectares.

    The jatropha seeds harvested by farmers will be collected from the farmer cooperators and will be processed. The biodiesel will make use of the most modern processing technology that is very cost efficient. The biodiesel then will be sold to gas distributors. The residue in oil extraction will be also converted into synthetic gas will then be converted into alcohol fuel blen and LPG like materials with known commercial application in the Philippines. On this basis, more than 50 percent of the jatropha seed by weight will be converted into biofuels. Decentralized plant is preferred over a large single plant for a number of reasons and among these is the immediate establishment of a plant to attract farmers to cooperate, the present available technology on biodiesel processing that ensures distinct economical advantages of a decentralized plant, and for a more sustained operations in the event of major plant breakdown.

    Mr. Steven J. Muehler, Chief Executive Officer of Blue Coast Securities Corporation stated, "Blue Coast Securities Corporation, along with our partners in the Philippines, have a strong degree of certainty that we can successfully farm and harvest Jatropha in the Philippines for the purpose of profitability producing Jatropha Biodiesel. We have dedicated much time and substantial resources to reaching this goal, which was a necessary for both of our Companies, our Limited Partners, the Company's Employees and their Families and the people of this region. Now that this Company has reached this critical milestone in its development, we can continue towards profitability producing and selling biodiesel and proceed with our plans to enter additional markets outside of the boarders of just the Philippines."

    About Blue Coast Securities Corporation:
    Founded in Beverly Hills, California in 2009, Blue Coast Securities Corporation is a leading Global Investment Banking Firm with offices in California and Florida.

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    This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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    NEWS SOURCE: Blue Coast Securities Corporation

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