GreenGold (Symbol: GRYE) Forefront to Alternative Renewal Energy, the Biodiesel Jatropha Productions -- An Income Generating Pro
April 21 2009 - 1:01PM
Marketwired
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) announced that CEO
Tecson highlighted the importance of continuing research and
development in finding alternative sources of energy, combating
foreign oil dependence and protecting biodiversity. Our world is
increasingly looking to alternative renewable biofuels to meet our
energy needs!
In response, the company presented its IGP (Income Generating
Program), designed to tailor-fit its jatropha production activities
to the Indigenous Group of People, held on April 13 to 15th Tribal
Leaders Meeting, co-sponsored by the WORLDBANK. GreenGold had
complemented the theme of the meeting which focused on the
strengthening of the Institutional Effectiveness of the NCIP
(National Commission on the Indigenous People).
IGP is a program that is designed to be mutually beneficial both
for the company's increasing of biofuel jatropha feedstocks and
GreenGold's helping the tribesmen in generating income. This IGP is
designed to provide sustainable livelihood projects in this
countryside. The majority of the indigenous people in Mindanao
rendered positive constructive interaction and acceptance of
GreenGold as the company and organization that can make a
difference in their lives:
UPDATES. Lots of visitors wanted to visit the GreenGold Jatropha
Demo-Farms, as the company's Jatropha model for everyone: visitors,
shareholders, the international and local officials. The site has
been ideal due to its easy access along the national highway.
1. Jatropha Demo-Farm -- Bulawan, Agusan Del Sur consists of 7 hectares of
farmlands adding another 130 kilos of jatropha seeds for propagation
and cultivation. Greenhouse and staff house construction is on-going.
2. Jatropha Demo-Farm -- Mawab mountains, Davao del Norte consists of 3
hectares of farmland with jatropha seeds already planted along
with the construction of the GreenHouse.
3. Nasipit Port Harbor Site -- One hectare of land is set for GreenGold's
Biofuel Processing Refinery Plant Site for a purchase price of
$210,000 USD.
4. Hijo Davao Plant Site -- Purchase price of about $20,000.00 for the
one hectare of GreenGold's Biofuel Plant Site.
5. Biodiesel Processing & Refinery Plant -- Switzerland made 100 Million
Gallons+ per year production capacity (the Biodiesel processing and
refinery unit) and is in its final phase of contract negotiations.
Comparisons of locally manufactured units are considered; GreenGold
is considering other factors such as the durability and quality of
imported unit.
HIGHLIGHTS:
1. GreenGold is finalizing the working alliance and partnership with Meri
Jatropha Farms and Management Services, that has at least 500 hectares.
The Agreement between GreenGold and Meri Jatropha Farms will be based
on PTMA.
2. GreenGold is scheduled on April 24th to be broadcasted on the air on
DXDA, an AM Radio Station in Caraga Region. CEO Tecson will discuss the
IGP jatropha technology, farming and development projects with members
of the DENR (Dept. of Natural Resources) and other local governments
in Agusan del Sur.
3. Mayor Jose Chua of San Luis, Caraga Region invited GreenGold to help
its community on the implementation of the IGP program.
4. All Mayors and Governors of Mindanao showed interest in GreenGold's
Jatropha Farming and IGP Jatropha Farming program.
5. Zamboanga & Misamis Occidental presentation and meeting with the
chieftains and Filipino Muslim Sultans is set to meet in June.
GreenGold's innovations and enhanced products allow us to unlock
the potential of the jatropha plants, enabling us to do more with
less, to provide livelihood to more people, and to produce more
alternative green biofuel, while help decrease the carbon emission
footprint and protection of our environment.
"If you believe you can, you probably can. If you believe you
won't, you most assuredly won't. Belief is the ignition switch that
gets you off the launching pad." Quote CEO Manolo Tecson
URL: www.GreenGoldEnergies.com
About GreenGold Ray Energies, Inc.
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly
growing biodiesel, green technology, environmentally friendly and
alternative-renewable energy company. The Company has already
solidified its position through a highly successful land
acquisition program, acquiring large parcels of land through
working alliances and joint venture partnership with landowners and
growers, ideal for the cultivation of the jatropha curcas plant.
Jatropha curcas grows almost anywhere, even on gravelly, sandy and
saline soils. Jatropha oil can be processed to produce a
high-quality biodiesel that can be used in a standard diesel car,
while the residue can also be processed into biomass to power
electricity plants.
Forward-Looking Statements
Forward-looking statements in this release include statements
regarding the Company's projections regarding biodiesel, biofuels
other alternative energy explorations and extractions in future
periods. Penny Stocks are highly speculative and may be unsuitable
for all but very aggressive investors. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT: Investor Relations: Carlos R. Reyes Phone: 361-288-7349
E-mail: Email Contact
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