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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 Gold' for Green Energy Resources as US DOE forecasts Wood Biomass 'Cellulose Fiber' to Replace Corn as Key Ethanol Source; EU's to Invest $54 billion in 'Cheapwood' by 2015
NEW YORK, NEW YORK--(MARKET WIRE)--Jul 17, 2006 -- Green Energy Resources (Other OTC:GRGR.PK - News) cited the Center for International Forestry Research and the UK's Department for International Development that $54 billion dollars will be invested in "cheap wood" sources by 2015.The investment reflects strong demand for a variety of renewable energy projects including ,biomass, gasification, co-firing, carbon sequestration and cellulostic fiber. The report in the June issue of " Environmental Finance Magazine" stated European financial institutions such as Dutch ING, ABN Amro and Rabobank,were investing aggressively in environmentally responsible wood supplies.Green Energy Resources has targeted a 20% market share( about $9 billion dollars) of the expanding European wood biomass market by 2011.The report confirms growing import demand in Europe and the need for strong environmental standards protecting global forests. Green Energy Resources through a mitigated risk management strategy, is well positioned to meet its market share target goals.
Wood biomass(cellulose fiber), according to published reports by the US DOE July 12th, is expected to expand rapidly over the next 3-5 years .The US DOE indicated wood biomass (cellulose fiber) is likely to surpass and replace corn as the major supply ingredient for ethanol. Ethanol from wood is cheaper and in greater supply than corn. US.Secretary Bodman and the US Department of Energy have targeted a 30% market share for ethanol as a transportation fuel by 2030.
Woodchips are the new "Green Gold", as oil neared $80 per barrel and Tom Brokaw Launched his new Global Warming series on the Discovery channel .Green Energy Resources obtains its supplies from wastewood sources, such as landfills, municipalities, and hurricane storm damage. Biomass is the only renewable energy that can be stored with reserves and has application in upwards of 60% of total energy markets. Green Energy Resources was the first company to export wood fiber fuels for renewable energy from the United States, beginning in 2003.
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 companies' 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.
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
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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