GreenGold Energies (Symbol: GRYE) Moves Business Headquarters Closer to Its Jatropha Oil Refinery Site
June 01 2009 - 11:10AM
Marketwired
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) "Fueling the
Future" -- Today the company is moving its business and corporate
headquarters closer to its jatropha oil refinery site in Nasipit
Harbor and Demo Jatropha Farm in Agusan Del Norte. The company
expects the move and transition to take place within 30 days.
GreenGold Ray Energies brings together to serve as one of the large
jatropha growers and producer of the crude oil and refined jatropha
oils combined.
This processing plant is a good combination of equipments for a
small scale biodiesel conversion plant that can produce 1,500,000
gallons of good quality biodiesel per year. It is very ideal for an
initial 2,400-acre jatropha plantation. By adding more equipment
units, this biodiesel conversion plant can be expandable up to more
than 10 million gallons per year capacity.
Chief Executive Officer Manolo Tecson said, "We are very
thrilled that our jatropha farms have been growing robustly and
exponentially; the company continues to give this golden
opportunity of livelihood to all our local jatropha growers to
become suppliers of the world of a sustainable green biofuel. GRYE
had expanded and increased its jatropha plantations to about 30,000
hectares in Mindanao!"
About GreenGold Ray Energies Inc.
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly
growing biodiesel, green technology, environmental friendly and
alternative energy company. The Company has already solidified its
position through a highly successful land acquisition program,
acquiring large parcels of land ideal for the cultivation of the
jatropha 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, biofuel
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.
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CONTACT: Investor Relations: Carlos Reyes Phone: 361-288-7349
E-mail: Email Contact URL: www.greengoldenergies.com
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