Green Energy Resources Seals New York Biomass Supply Deal
Posted on: Wednesday, 21 September 2005, 09:00 CDT
New York, New England Get Greener
HUNTINGTON, N.Y., Sept. 21, 2005 (PRIMEZONE) -- Green Energy Resources (Pink Sheets:GRGR) has received an order for 250,000 tons of wood biomass in New York State beginning in 2007. The contract is part of a larger New England contract to supply nearly 500,000 tons to four biomass power plants in four separate states. The agreement is a 10-year supply deal, totaling 5 million tons. Total value of the contract has not been disclosed.
Eight New England states and Delaware recently agreed to move forward with greenhouse gas emissions standards. The Kyoto-like commitment is a major step in the United States toward a renewable energy economy. Demand for biomass energy in New England is particularly strong, where there are few open spaces for wind turbines and weather is not optimal for solar energy. Biomass is the only renewable energy supply that can be stored, saved, and ready reserves maintained. Up to 20 new biomass plants are being planned for 2006 and 2007 in New England. The total number of plants could triple, if plans to close the two nuclear power plants move forward.
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 financing, and other risks.
CONTACT: Green Energy Resources Joseph Murray (631) 375-7921 joe.murray@greenenergyresources.com www.greenenergyresources.com or Worldwide Financial Marketing, Inc. USA Investor Relations Int'l: (954) 360-9998 Nat'l: (866) 360-9998 Info @ wwfinancial.com
Copyright © 2005 PrimeZone Media Network, Inc.
Source: PrimeZone Media Network
Related Articles
- Euro BioEnergy Holdings Acquires German Biomass Power Plant Biomasse HKW Herbrechtingen
- Helius Energy Secures Avonmouth Dock Site for Biomass Power Plant
- Greenhunter Renewable Acquires Florida Biomass Power Plant
- GreenHunter Energy Subsidiary Announces Acquisition of Biomass Power Plant in Florida
- Metso Completes the Acquisition of GE Energy's Lachine Main Plant
- Helius Energy Receives Consent for 65MW Stallingborough Biomass Power Plant
- GE Energy Wins Seven Aeroderivative Unit Contracts in Italy
- Renegy Acquires Biomass Power Plant
- Progress Towards EU Targets on Renewable Energy Marked By Steady Growth in Biomass Power Plant Markets
- USA Goes Green Energy, 20 New Biomass Power Plants in 2006
 |
 |
User Comments (0)
RSS Feeds