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GRGR announced in June it signed a ten (10) year US domestic biomass supply contract valued at over $300 million dollars. The contract contains provisions for monthly fuel adjustments and yearly inflation increases over its life time. Supply commences 2010. The power plant requirements exceed one million tons annually to upwards of 1.5 million tons.
Green Energy Resources is an environmentally friendly company sourcing its wood from urban wood waste streams, storm damage, cities and municipalities. The company is currently engaged in exports of woodchips to power plants in Europe.
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.
SOURCE Green Energy Resources
http://www.greenenergyresources.com
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