GS AgriFuels Corporation (OTC Bulletin Board: GSGF - News) announced that it recently acquired a 14.3% stake in Missoula, MT-based Sustainable Systems, Inc., ("Sustainable") an agricultural company focused on high-value culinary oil, biobased fuels, and bioproducts obtained by crushing oilseeds.
In addition, GS AgriFuels received a purchase order from Sustainable for a ten million gallon per year biodiesel system through its wholly-owned subsidiary, NextGen Fuel Inc. Fabrication of the biodiesel system is expected to begin later this year for co-location at Sustainable's Culbertson, Montana oilseed crush plant. The system, which is being manufactured by Warnecke Design in Van Wert, Ohio, is expected to operate using various vegetable oilseed crops that grow in the region of the existing crush plant.
The biodiesel system being purchased by Sustainable Systems, Inc. represents NextGen's fifth customer order for equipment in the past 90 days - in total representing 40 million gallons of annual production capacity.
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