(OTCBB: GBTO) Signs Agreement With Energy Network Limited
05 Março 2010 - 1:38PM
Marketwired
Caribbean Villa Catering/Globotek (OTCBB: GBTO) announced yesterday
that they have reached a 10-year agreement with Energy Network
Limited (ENL) to build 10 Associated Petroleum Gas (APG) processing
plants in the Niger Delta in Nigeria.
The most recent totals are that the flaring done in Africa
alone, if trapped and reused could produce over 50% of the current
power used for the entire continent. With Nigeria having the second
highest volume of APG flared, the deal signed with ENL to build 10
APG processing facilities is a tremendous step in reducing
emissions as well as a major revenue source over the next 10
years.
Nigeria is a member country in the Global Gas Flaring Reduction
Partnership (GGFR) whose main focus is to reduce the 400 million
tons of greenhouse gases from APG flaring across the globe.
For more information please visit www.globotek-ir.com
Other active stocks are National Oilwell Varco (NYSE: NOV)
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