Clenergen Corporation (CRGE: OB) Lease 5,000 Acres of Land and Option
Rights for 150,000 Acres for B
(Thomson Reuters ONE) - The Chief Executive Officer of Clenergen Corporation, Mark Quinntoday announced that his company has signed a 90 (ninety) year leasefor 5,000 acres of land and the option rights to buy 145,000 more inthe Co-operative Republic of Guyana in South America. The land willbe used to cultivate fast growing micro-propagated elite strains ofPaulownia for producing wood chips (biomass) which will be exportedto generate clean electricity in the USA and Europe.Commenting on the project, which is due to commence in 2010 withcultivation specialists Georgia Caribbean International (GCI), Mr.Quinn said,"On a conservative estimate of 40 tonnes of biomass per acre, thecompany projects an annual supply of 6 (six) million tonnes by 2016.With the overwhelming demand for coal fired power plants to blendbiomass to reduce carbon emissions, Clenergen intends to be a globalsupplier of high calorific wood chips for gasification and cleanenergy generation, particularly in Europe and the USA. GCI hasexperience with this species of tree since 1991 and is recognized hasa world leader in Paulownia plantations."The long lease of land in Guyana comes after extensive research anddevelopment into various forms of feedstock for the purpose ofgenerating clean electricity from biomass directly cultivated fromplantation sources for use with advanced gasification systems.In April 2009 Clenergen Corporation Limited acquired the assets ofEnhanced Biofuels and Technologies Limited (EBT), which included butwere not limited to three year's research and development of nonedible vegetable oils, algae, and biomass feedstock for the purposeof producing bio fuels and bio energy.This combined expertise has concluded that the cultivation ofhigh-density, short-rotation biomass crops on a commercial scale willresult in;(I) A cost of production competitive to the price of coal (measuredin energy terms - MM/Btu)(II) The effective use of a proprietary integrated plantation model(III) The production of natural organic fertilizers from thebyproducts produced at the site of the 1.5MW per hour AnaerobicDigestive Power plant in Tuticorn, Tamilnadu India. Operations areexpected to commence in October-November 2009 and will produce anestimated 9000 tons of Ammonium Sulphate Fertilizer, which will betransported to the land under lease in India and shipped from theport of Tuticorin to port of Guyana.(IV) A clean source of electricity through advanced gasificationtechnologies.About Clenergen CorporationClenergen Corporation is a publicly listed company on the OTC stockmarket (symbol CRGE). Clenergen offers strategic Clean EnergyGeneration projects to address the requirement for renewable andsustainable supplies of electricity. Clenergen has developed a uniquemodular system of co-gasification and localized plantation managementUsing proprietary and mixed biomass feedstock to implementsustainable supplies of clean energy to regional, independent clientsand national grids. The "Distributed Environmental Power System"marries significant proprietary advancements in plant science withproven long standing engineering technologies to achieve this goal.www.clenergen.comNotice Regarding Forward-Looking StatementsThis press release contains "forward-looking statements," as thatterm is defined in Section 27A of the United States Securities Act of1933 and Section 21E of the Securities Exchange Act of 1934.Statements in this press release which are not purely historical areforward-looking statements and include any statements regardingbeliefs, plans, expectations or intentions regarding the future,including but not limited to our ability to cultivate Marjestica inGuyana on a large scale and to establish our company as one of theleading biomass energy generating companies globally.Actual results could differ from those projected in anyforward-looking statements due to numerous factors. Such factorsinclude, among others, the inherent uncertainties associated withclean technologies; changes in the operating costs and changes ineconomic conditions and conditions in clean technologies. Theseforward-looking statements are made as of the date of this pressrelease, and we assume no obligation to update the forward-lookingstatements, or to update the reasons why actual results could differfrom those projected in the forward-looking statements. Although webelieve that the beliefs, plans, expectations and intentionscontained in this press release are reasonable, there can be noassurance those beliefs, plans, expectations or intentions will proveto be accurate. Investors should consult all of the information setforth herein and should also refer to the risk factors disclosureoutlined in our current and periodic reports filed from time-to-timewith the Securities and Exchange Commission.http://hugin.info/141872/R/1341182/320705.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 14.09.2009 - 14:52 Uhr
Sprache: Deutsch
News-ID 5783
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 270 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Clenergen Corporation (CRGE: OB) Lease 5,000 Acres of Land and Option
Rights for 150,000 Acres for B"
steht unter der journalistisch-redaktionellen Verantwortung von
Clenergen Corporation Limited (UK) (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
