SAN ANTONIO, May 25, 2010 (GLOBE NEWSWIRE) -- Green Energy Resources (Pink Sheets:GRGR) has received a contract to deliver oil soaked woodchips to 5 separate power stations throughout the Southeast. Additionally, Green Energy Resources is working with one of America's largest national trucking companies to provide logistics point to point both on delivery and pick up of the woodchips. Woodchips are a proven technology that can absorb 5-10 times their own weight and can be utilized at sea, as well as the shore, to help prevent oil from lapping on the beaches.
Green Energy Resources has offered 100,000 tons or more of woodchips with a moisture content of approximately 17% (very buoyant and very absorbent) to be transported to the Gulf. Green Energy Resources also has mesquite woodchips that contain natural traces of chlorine to help purify and cleanse the water as it would a pool, without harm to marine life. Green Energy Resources has barges to distribute the chips, pick them up and process them at a rate of 8000 gallons per minute, separating the chips from water. Alternatively, fishermen using nets can gather the woodchips by skimming them.
Woodchips are a sound and affirmative methodology to collect oil. Woodchips are available, all natural, and can be disposed of in a safe, non-hazardous way that makes sense from an environmental as well as cost effective energy solution by generating electric power. Many of the oil dispersants currently being employed are as damaging or more so than the oil spill itself.
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, ship availability, fuel costs and other risks.