Carbon Jungle Inc.'s Wholly Owned Subsidiary Cobal-USA Receives a General Statement of Intent From a US Company to Convert Waste-To-Fuel (Coal-To-Fuel)
Posted on: Tuesday, 19 August 2008, 09:00 CDT
Carbon Jungle, Inc. (Pink Sheets:CBJG) announced today that its wholly owned subsidiary waste-to-fuel company, Cobal-USA Alternative Fuels, LLC, received a general statement of intent from a US-based company to convert waste material into synthetic diesel fuel. Possible feedstocks include waste coal ("culm"), scrap tires, biomass, dried sludge, municipal solid waste ("MSW") and others.
Petr Lisa, President and CEO of Cobal-USA Alternative Fuels, LLC stated, "We are pleased to now have prominent people in the coal sector working with Carbon Jungle and Cobal-USA." Mr. Lisa further stated, "The coal industry now sees us as a better option for the use of coal than simply burning it. Our process is much cleaner and a win for the environment and fuel economy."
Jorge Reyes, Director of Research & Development and one of the founders of Cobal USA, stated, "The coal-to-liquids solution offered by Cobal-USA will have a positive impact on the environment by solving the CO2 issue through the recycling of the GHGs (greenhouse gases) that are present in Flue Gas." Mr. Reyes further stated, "This innovative method will help keep the environment safe and clean."
About Carbon Jungle Inc.
Carbon Jungle, Inc. (beta test website www.carbonjungle.cobal-usa.com) is a California-based company quoted on the Pink Sheets:CBJG.PK. Carbon Jungle's mission is to relieve the stresses that the human race has placed on its global ecosystem. Carbon Jungle is an owner of land in Cambodia reserved for growing hundreds of thousands of trees. Additionally, Carbon Jungle has invested in the spiritual docudrama feature film "Living Luminaries" www.LivingLuminaries.tv.
About Cobal-USA Alternative Fuels a wholly owned subsidiary of Carbon Jungle
Cobal-USA (www.cobal-usa.com) develops waste-to-fuel projects converting materials such as MSW ("municipal solid waste"), waste coal (culm), coal, anthrocyte, scrap tires, biomass, dried sludge, and other carbon based non-metal and silicate materials into synthetic diesel or electricity.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Exchange Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties, including, without limitation, the ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Source: Business Wire
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