Green Energy Renewable Solutions’ Joint Venture in Puerto Rico Moves Forward
LAS VEGAS, Sept. 26, 2012 /PRNewswire/ — Green Energy Renewable Solutions, Inc. (“Green Energy”) (OTCQB: EWRL), a developer and operator of municipal solid waste processing and recycling facilities announced today that its project with Landfill Solutions, LLC of Puerto Rico, announced in August, has moved forward with the formation of the joint venture corporation, Yabucoa Recycling Company, Inc. Yabucoa Recycling Corporation is owned on a 50/50 basis by Green Energy and Landfill Solutions, LLC and the initial phase of the Yabucoa development project work will be the construction of new road access and internal roadways, leachate, run-off and flood control and slope stabilization, which will bring the landfill site in compliance with regulatory standards of the Autoridad De Desperdicios Solidos (“ADS”), the environmental control authority in Puerto Rico.
Green Energy has separately incorporated a wholly-owned Puerto Rico subsidiary, Green Renewable Solutions, Inc., to develop and manage the second phase of the Yabucoa project, which plans to convert the municipal waste material to energy and fuels after separation and capture of valuable recyclable materials in the waste stream.
Joe DuRant, CEO of Green Energy Renewable Solutions, Inc., said, “We are extremely pleased with the rapid progress we’ve made on this project with our joint venture partners to date. We look forward to working with the Yabucoa municipal authority and the ADS to complete the landfill remediation plans as quickly as possible and advancing the diversion and recycling operations to the next stage, which will develop the very first waste-to-energy plant on the island of Puerto Rico.”
About Green Energy Renewable Solutions, Inc.
Green Energy Renewable Solutions is a developer and operator of municipal solid waste and construction and demolition waste processing and recycling facilities. The Company operates with long-term supply agreements to process waste materials into valuable recyclables and reduce waste volume going into landfills by up to 85%. Green Energy Renewable Solutions has developed a strategic plan to create sustainable renewable energy with waste-to-energy power plants and the production of waste derived fuels.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company’s current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
SOURCE Green Energy Renewable Solutions, Inc.