NEW YORK, Dec. 5, 2008 (GLOBE NEWSWIRE) -- Green Energy Resources (Pink Sheets:GRGR) is expanding operations of its Linden, NJ port for the export of other types of biofuels including wood pellets, cubes and briquettes. The 100+ acre port area across from Staten Island could handle well over a million tons of woodchips and biomass for shipping internationally as well as domestically. The port will ship energy chips to Europe, and paper quality woodchips to Turkey and other international as well as domestic destinations. Green Energy Resources has just won a major woodchip supply contract with the City of New York and is currently looking for other contracts with other municipalities and suppliers in the region. The port can handle large ships as well as barges for transport.
Green Energy Resources is currently soliciting 500,000 tons of woodchips from New York Metropolitan area suppliers including Long Island and PA to meet export demands in 2009. The site has enough room to construct a wood pellet plant and a small power generating facility with the right partnerships. The company is planning to accept clean recycled wood for a tipping fee to generate new revenues in 2009 as well.
Green Energy Resources is an environmentally friendly renewable energy company dedicated to preserving world forests. The company sources its supplies through sustainable practices, recycled wood, municipal maintenance operations and storm damage. The company has no debt, operates on its own self generated revenues, and is not leveraged.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.