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June 15, 08
FOR IMMEDIATE RELEASE
WOOD TO FUEL, LLC and GREEN ENERGY RESOURCES, INC. announce agreement to provide biomass fuel to Niagara Generation, LLC.
NIAGARA FALLS, NY – Wood to Fuel, LLC (WTF) and Green Energy Resources, Inc. (GER) agreed today to work together to supply 200 tons a day of clean wood chips derived from industrial wood waste and other wood products to Niagara Generation, LLC under a 10 year contract between Wood to Fuel, LLC and Niagara Generation, LLC.
The agreement between WTF and GER marks the kickoff of what is considered to be a perfect marriage of supply and demand. WTF is a demand side contractor with supply side products with biomass power plants and GER is the supply side of the chain. Working together in the Bio-energy field, this team will be unstoppable.
WTF is a woodfiber fuel supplier in the US, while GER, Inc has been wood biomass supplier to European power plants. Through this agreement, WTF and GER will supply approximately 5,500 tons of woodchips per month to the Niagara Falls Power Plant. The ten year, 15 million dollar contract will seek to capture the vertical market from procurement, to transport to the power generation plant.
The partnering of the two companies is a powerhouse creating one of the largest biomass/renewable energy suppliers in the WNY region today. The company’s combined capacity is expected to deliver well over 100,000 tons of woodfiber fuel annually. The product is delivered by woodchip truck carriers to existing power plants. All the biomass fuels comply with GER’s strict UTCS certification system and the Kyoto protocol.
Buffalo and the Niagara Frontier in WNY are leading the State in renewable energy implementation. The long term contract would include Green Certificates, carbon credits and methane reduction credits. For WTF, LLC, millions of dollars in gross revenues will be generated on a ‘guaranteed’ basis through 2018. Future plans include more woodchip carriers and Biofuel-transfer stations/drop off sites in the WNY region and beyond. Approximately 30 indirect jobs for the region will be created as a result.
Teresa Reile and Steven Johnson, principals of WTF stated, “The contract is expected to be a major boost for the renewable energy industry in WNY. We are pleased and excited about the potential opportunites in this industry.”
Green Energy Resources, Inc. is dedicated to preserving world forests through its forestry program. It promotes recycling, is 100% KYOTO compliant and uses only environmentally certified and preferable sources such as waste wood from storm damage, highway and park maintenance. UTCS (urban tree certification system) is a NYS and internationally recognized urban forest management plan developed by GER, CEO, Joseph Murray. UTCS certification system is a socially responsible and environmentally friendly methodology to recycle government approved foresty and non-forest industry generated waste wood. UTCS includes chain of custody documentation (a tracking system from origin to end user) and 3rd party verifications of sourcing. Environmentally cerfified wood is critical as a source for additional revenues to power generation producers for additional carbon credits and methane reduction credits that can be piggy-backed on energy credits. GER, Inc has been a leader in biomass fuel supply, tradable credits, carbon offsets and the establishment of a database outside the traditional forest industry parameters.
Wood To Fuel, LLC, trades and supplies biomass – managing selection, transportation and stock of raw material. The resident staff at each one of their BioFuel-transfer stations and drop off sites supervises the management of local operations.
Contact:
Wood To Fuel:
716-440-8900
or mobile office 716-997-9069
www.woodtofuelllc.com
Green Energy Resources –
Joseph Murray 631-375-7921
www.greenenergyresources.com