Green Energy Resources Moving to San Antonio, Texas; 'GRGR' to Represent African Rubber Tree Growers
07 Abril 2010 - 10:35AM
Green Energy Resources (Pink Sheets:GRGR ) is moving to San
Antonio, Texas. Texas remains the U.S. energy capital and San
Antonio enables the company to expand, manage, develop and ship
orders of its new high 16,000 BTU energy woodchips out of first
rate gulf coast ports. The high energy woodchips can replace
coal at about half the cost of coal. In addition, Green
Energy Resources is seeking to set up the largest scale carbon
offset forestation project in the United States working
with south Texas Ranchers. The high energy chips are the way
of the future for both the U.S. and European markets, according to
Green Energy Resources CEO, Joseph Murray. Green Energy Resources
plans to shift its entire operations to San Antonio but
will retain its New York City address.
The Next Great Energy boom is woodchips. 1 billion tons
needed.
51% of all U.S. electric power is generated from coal. The U.S.
consumed approximately 965 million tons of coal for
electricity in 2009 (down 10% from 2008). Co-firing at a
10% blend ratio (woodchips or pellets) will require
approximately 100 million tons of new woodchips to meet demand
annually. Over the next 10 years, that's 1 billion tons of
woodchips. The demand does not include wood required for direct
burn biomass plants (also increasing in number) or other
utilizations such as wood ethanol or gasification. Green Energy
Resources has been positioning for the U.S. market for 6 years
developing a delivery supply network. Coal will become increasingly
more expensive as mines in Appalachia are already being tapped out,
creating even greater opportunities for wood in energy.
LIBERIA, Africa
Green Energy Resources has agreed to represent rubber tree
plantation owners looking to rotate their trees. "GRGR" is offering
10,000 Hectacres of rubber trees for energy to global buyers. The
plantation owners are a start up operation in
terms of biomass and need to obtain financing for chipping
equipment to begin production, likely to take around 6 months. The
company is offering a million tons over a 5 year harvest
period.
Except for historical information contained herein, the
statements in this release are forward-looking statements that are
made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause the companies' actual results in future periods to differ
materially from forecasted results. Such risks and uncertainties
include, but are not limited to, market conditions, competitive
factors, the ability to successfully complete additional
financings,ship availability, fuel costs and other risks.
CONTACT: Green Energy Resources
Joseph Murray
212 730 1496
joe.murray@greenenergyresources.com
www.greenenergyresources.com
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