Clenergen Corporation (CRGE: OB) buys leasehold on 5,000 acres of
Land and Option rights for 145,000
(Thomson Reuters ONE) - Clenergen Corporation (CRGE:OB) announced today the leasehold of5,000 acres of land for 90 years with an option for the lease rightsto an additional 145,000 acres for the cultivation of biomassClenergen uses for the generation of electricity. The land islocated in the Co-operative Republic of Guyana in South America. Theland will be used to cultivate fast growing micro-propagated elitestrains of Paulownia for producing wood chips (biomass), which willbe exported to generate clean electricity in the USA and Europe.The Chief Executive Officer of Clenergen Corporation, Mark Quinnstated " the land cultivation is due to commence with cultivationspecialists Georgia Caribbean International (GCI) in 2010. On aconservative estimate of 40 tonnes of biomass per acre, the companyprojects an annual supply of 6 (six) million tonnes by 2016. With theoverwhelming demand for coal fired power plants to blend biomass toreduce carbon emissions, Clenergen intends to be a global supplier ofhigh calorific wood chips for gasification and clean energygeneration, particularly in Europe and the USA. GSI has experiencewith this species of tree since 1999 and is recognized has a worldleader 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) use of a proprietary integrated plantation model(III) production of natural organic fertilizers from the bi-Productsproduced at the site of the 1.5MW per hour Anaerobic Digestive Powerplant in Tuticorn, Tamilnadu India. Operations are expected tocommence in October-November 2009 and will produce an estimated 9000tons of Ammonium Sulphate Fertilizer, which will be transported tothe land under lease in India and shipped from the port of Tuticorinto 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.Contact:JessicaHatfieldCommunications DirectorClenergen CorporationTel: 0044 (0)207 739 0028Fax: 0044 (0)207 657 3275www.clenergen.comhttp://hugin.info/141872/R/1341211/320732.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 14.09.2009 - 15:53 Uhr
Sprache: Deutsch
News-ID 5790
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