Last updated on April 20, 2014 at 8:28 EDT

Greenworld Development Inc enters into a Joint Venture Framework Agreement with Green Mountain Management LLC to develop a utility scale Waste to Energy Plant on its Alabama Landfill, licensed to accept up to 25,000 tons of waste per day. The facility has rail and barge access and is in close proxi

June 15, 2012

ATLANTA, June 15, 2012 /PRNewswire/ — Greenworld Development Inc. (OTCBB: GREW) has signed a Framework Agreement to perfect a joint venture with Green Mountain Management LLC, owners of a 1525-acre landfill facility in Birmingham, AL.

This (Alabama’s premier solid waste facility) is licensed to take in 25,000 tons per day (approximately 9,000,000 ton per annum) of municipal solid waste, construction and demolition debris, industrial waste and approved special waste.

The facility has rail and barge access and has close proximity to the national electricity grid. These logistical benefits create additional value for Greenworld’s goals in obtaining quality waste streams nationally.

The landfill meets and exceeds Federal Environmental Protection Agency and Alabama’s Department of Environmental Management Regulations to protect the environment.

The facility co-exists with nature as is evident of its three fish-stocked lakes and the abundance of wildlife including deer and quail.

Greenworld will build, own and operate various Tyre-2-Energy/Renewable and Waste2Energy plants with specially developed technologies with zero carbon emissions.

GreenWorld Development, Inc. is listed on the US OTC Bulletin Board (Symbol: GREW). The company is dedicated to develop innovative, competitive and sustainable products for efficiency goods and services and to support the “Smart Green Economy”.

Internet: www.greenworld-global.com

Forward Looking Statement – This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company’s financing plans; (ii) trends affecting the Company’s financial condition or results of operations; (iii) the Company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

SOURCE GreenWorld Development Inc.

Source: PR Newswire