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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 Urges TX. Gov. Perry to Require Co-firing at 7 Coal Plants; $50 Million Dollar Woodchip Exports to Go to Louisiana, Virginia and Texas
NEW YORK, NY--(MARKET WIRE)--Nov 17, 2006 -- Green Energy Resources (Other OTC:GRGR.PK - News) is urging Texas Govenor Rick Perry to halt the Dallas-based TXU energy plan for open coal burning. Green Energy Resources, CEO, Joseph Murray, has called upon the Texas Forest Association to become involved and press the Govenor to demand the plants co-fire. Co-firing is blending of woodfiber with coal to reduce carbon emissions into the atmosphere. Co-firing is the successful plan of choice of European power plant utilities for carbon reduction strategy. Green Energy Resources has pledged to work and supply TXU with biomass for co-firing. Green Energy Resources UTCS software, designed to reduce carbon emissions and create a new biomass market place for renewable energy, was recently demonstrated to Austin Energy of Austin, Texas.
TXU is planning to open 7 coal burning plants throughout Texas. The Mayors of Dallas and Houston, as well as environmental groups, oppose the plan. The company has opted to burn coal with disregard to global warming and carbon emissions. Co-firing is the most cost effective means to reduce toxic green house gas emissions into the atmosphere and can be achieved with minimal capital investment by TXU.
In other company news, Green Energy Resources has selected Louisiana, Virginia and Texas for its export of woodchips. Green Energy Resources has nearly $50 million dollars in export orders for 2007 alone. The gulf region joins Albany, NY, as a growing base of operations for Green Energy Resources. The woodchips include both yellow pine chips and renewable energy chips.
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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