Green Processing Technologies, Inc. Enters Into Joint Venture Agreement With CREEnergy
August 16 2012 - 12:39PM
Green Processing Technologies, Inc. (TMGR)
announced today that it has entered into a Joint Venture Agreement
with Canada based CREEnergy Oil and Gas Co.
CREEnergy Oil and Gas Inc. is an Alberta corporation that was
formed as the first aboriginal company dedicated to oil and gas
development on First Nation reserves in Canada and the USA. Through
its network of associations with all the First Nation reserves,
CREEnergy has dedicated its primary focus for oil and gas
development in the four western provinces of Canada. Currently,
CREEnergy has entered into leases and option agreements on specific
First Nation reserves that have shown to have proven capability for
profitable oil field development.
CEO Stephen Cummins was quoted, "We at GPTI are extremely
pleased to enter into this Joint Venture with CREEnergy. This is a
prime opportunity to demonstrate the effective performance of GPTI
technologies on a large scale to the industry. The positive impact
on the environment that this Joint Venture will achieve in Canada
should be impressive by anyone's standards."
Under the terms of the Joint Venture Agreement, Green Processing
Technologies, Inc. and CREEnergy Oil & Gas Co. will work
together to provide state of the art remediation solutions for
existing environmental issues that are located on aboriginal lands
in Alberta Canada. The Joint Venture's primary objectives are the
remediation of land based oil spills and water based oil
contamination. The Joint Venture is projecting that its first land
based oil spill remediation contract will be fully executed in mid
August.
Green Processing Technologies, Inc. is first and foremost a
Green Technologydevelopment, fabrication and commercialization
corporation. GPTI technologies include Waste to Energy, Water
Remediation, Contaminated Land Remediation, Oil Spill Remediation,
Water Desalinization, Green Housing Development, Waste Remediation,
Alternative Agriculture, Automotive Emission Reduction, Medical
Waste Remediation, and E-Waste Remediation.
CONTACT: Green Processing Technologies, Inc., 301-387-8088
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