Vega Biofuels has leased a 90,000 square foot building in Cordele, Georgia, US for the company's bio-coal manufacturing plant.

The facility is adjacent to the new Cordele Inland Port, offering direct rail access to the Port of Savannah.

The company will team with engineering firm Hunt, Guillot & Associates on the design, construction, project management, and equipment installation for the new plant.

Upon completion, the new facility will produce green energy bio-coal from timber waste using a torrefaction process for use in existing coal-fired power plants around the world.

Vega Biofuels has recently completed an interim funding package will help meet the financial terms of the lease, and proceed with the installation of equipment for the facility.