CybeRelease: (OTC: GRGR) Focuses On US Biofuels Markets
(CybeRelease, June 8, 2006) - Lake Harmony, PA - Green Energy Resources (OTC PK: GRGR) announced it is taking aim at the US biodiesel and ethanol industries. Cheveron and other major energy industry investors announced on May 17th plans to open a biodiesel plant in the Houston area later this year. The biodiesel plant will have capacity to produce up to 100 million gallons annually and will be the largest such facility in the United States. The plant signals a seashift change in the United States policy from small-scale energy operations for biodiesel, and ethanol to mainstream industry operations. The announcement, driven by high oil prices at the gas pumps and President Bush’s determination to use woodchips as a fuel source, led to the biodiesel investment by the US energy industry.
The biodiesel plant launches a commodity market for “green” wood fiber fuels in the United States estimated in billions of dollars. Feedstock plans include wood biomass and soybeans for the Houston area facility. Green Energy Resources through its exclusive UTCS software system could supply the industry in excess of 20 million tons of woodchips annually nationwide. Green Energy Resources is currently developing a site facility on the Houston Channel for exports of wood biomass for the renewable power generation industry in Europe this fall.
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