Green Energy Resources Goes Dutch, Gets $6 Million Order
Posted on: Wednesday, 17 August 2005, 09:00 CDT
Green Energy Resources Goes Dutch, Gets $6 Million Order US Energy Bill, $67 Oil, Spurs Green Energy Exports
HUNTINGTON, N.Y., Aug. 17, 2005 (PRIMEZONE) -- Green Energy Resources (Pink Sheets:GRGR) has received a $6 million order from a Dutch company for wood pellets. The pellets are compressed biomass and will be used in co-firing (an environmentally friendly application of mixing biomass with coal, to reduce green house emissions). The order represents a new product line for Green Energy Resources.
In other company news, the US Energy Bill is making available hundreds of millions of tons of wood biomass for Green Energy exports. The energy bill approved a transportation subsidy, authorized under the Agriculture Bill, for the US Forest Service. The Forest Service has been allocated 20 cents per ton, per mile, at taxpayer expense, for the transportation of wood removed for forest fire prevention. On average, nearly 40 million acres of forestland are devastated each year by forest fires. Currently over 200,000 acres are ablaze in the United States, according to the US Forest Service.
$67 oil and $3 per gallon gas prices have been a wake-up call for Americans. Renewable energy above the $38 per barrel level is cheaper than oil. Oil prices, now in the $60 range, and heading for $70 per barrel, is nearly double the cost of renewable energy on a per kilowatt basis.
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 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 Int'l: 1-954-360-9998 Nat'l: 1-866-360-9998 Info@wwfinancial.com
Copyright © 2005 PrimeZone Media Network, Inc.
Source: PrimeZone Media Network
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