$36 Million Deal for New High Energy Woodchips for Green Energy Resources (GRGR); Super Woodchip Superior to Coal
12 Abril 2010 - 10:27AM
Green Energy Resources (Pink Sheets:GRGR) received 2 new orders for
high energy woodchips valued at over $36 million. The super charged
woodchips produced in excess of 16,000 BTUs in lab tests and up to
19,000 BTUs at 0% dry. The woodchips are equal or better than most
grades of coal without the carbon emissions. The tests were
conducted by an independent 3rd party international scientific
testing agency (SGS) and the U.S. Forest Products Testing
Laboratory rated the woodchips among the highest in North
America. The contracts are contingent on successful trial orders.
The woodchips will be shipped from Texas in the 2nd qtr.
2010 Hurricane Season
7 land falling hurricanes are predicted for 2010 according to
the U.S. Storms Prediction Center. Green Energy Resources is making
preparations to obtain as much volume of wood as possible from any
storms that hit the U.S. mainland. Discussions are currently
underway with FEMA contractors. Green Energy Resources is looking
to secure upwards of 5 million tons in 2010. The volume would make
Green Energy Resources the largest supplier and source of energy
feedstock in the United States. The wood will be used for several
export markets, the largest of which is India. Green Energy
Resources received an LOI for up to 7 million tons, valued at
approximately ½ billion dollars annually, from India last fall.
Green Energy Resources is waiting on power plant retro fits to
begin making shipments which are expected to be completed at any
time.
Eco-Green Coal
In 2005, Green Energy Resources developed an exclusive concept
and product to promote co-firing, a premixed blend of biomass with
coal. The U.S. market was not ready in 2005 to commence co-firing
and was scoffed at by one of America's largest coal producers.
Finally, in 2010, US trial testings at coal power generators are
getting underway. Green Energy Resources has found a European
partner to develop and produce the product in the United States.
Two locations are being currently considered.
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 company's 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
631-375-7921
joe.murray@greenenergyresources.com
www.greenenergyresources.com
Worldwide Financial Marketing, Inc. USA
Investor Relations
1-954-360-9998
1-866-360-9998
Info @ wwfinancial.com
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