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Newsroom - Clients - GRGR
The following news and investment research items reflect some of the recent business activity for selected clients of Empire Relations Group, Inc. Additional information for investment research can be found in the featured clients section. News and investment research are for informational purposes only.
Green Energy Resources Inc
Green Energy Resources Sponsors North American Bioenergy Conference; Oil Industry Prefers Woodchips Over Corn as Supply for Ethanol
CHICAGO, IL--(MARKET WIRE)--Apr 19, 2007 -- Green Energy Resources (Other OTC:GRGR.PK - News) sponsored and chaired the North American Bioenergy Conference 2007 on Monday, April 16th. Speakers included USDA Undersecretary Thomas Dorr, Thomas Sexton, President of US Shell Oil products, Lester Brown, President of Earth Policy Institute Ecosecurities, Evolution Markets, and many others from countries around the world. The conference discussed and detailed progress and issues in a wide-ranging area of biomass and biofuels for energy in the United States. Highlights included Thomas Sextons' remarks noting the oil industry had very high interest in cellulostic ethanol derived from wood. He further explained the research was more in line with oil company technologies and did not compete with corn for food or grain. Shell Oil is currently involved with cellulostic ethanol production from wood in Germany. President Bush has been advocating ethanol from woodchips for the biofuel. Lester Brown concurred with the need to not utilize food grains for energy. Current demand exceeds 30 billion barrels of ethanol by 2015 in the United States alone.
GRGR's sale of carbon offsets through its UTCS platform were also discussed at the conference. Green Energy Resources confirmed validity, targets, dates, quality and verifications with various emissions traders. The offsets are in line with goals and international objectives as the market expands in the US to currently include 22 states with a Renewable Portfolio Standard (RPS). GRGR carbon offsets are for sale at $5.50 per ton and are available to institutional, commercial, international and individual investors. Green Energy Resources has over 1 million offsets available on an ongoing basis.
Green Energy Resources met with trade representatives of a major market exchange to establish woodchips as an energy commodity. Green Energy Resources' CEO Joseph Murray detailed the interrelationships of woodchips to the energy industry, and the potential application in over 60% of all energy markets. Woodchips for energy are a separate, distinct and unrelated commodity to forest industry pulp grade woodchips used for paper production. Green Energy Resources has been the international leader of the initiative for over two years. The commodity exchange has agreed to consider woodchips especially as a hedge against corn, and soy for ethanol production.
Green Energy Resources
Joseph Murray
631-375-7921
joe.murray@greenenergyresources.com
http://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
http://www.wwfinancial.com
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About Green Energy Resources, Inc.
Green Energy Resources, Inc. is dedicated to becoming a leading
supplier of reliable, low cost, high quality wood fiber fuels (biomass).
Biomass, which is essentially organic matter that can be converted to
energy, is the fourth leading source of energy in the United States
(behind oil, natural gas and coal), and is currently providing about 2
percent of all energy used in this country. This is expected to grow to
over 10% by the end of this decade.
To link to this corporate profile in our members area click here (You must be a registered member to see profile).
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