Coal Shortage Could Result
in Green Energy Partnership
June 21, 2005 — By Green Energy Resources
HUNTINGTON, NY — Green Energy Resources (nasdaq otc pk. GRGR) in response to
Arch Coals predictions of shortages, has offered its 'Eco green coal" to
the coal industry. "Eco Green coal" is a pre mixed fuel of biomass and
coal for co-firing. Co-firing is an environmentally friendly application of
mixed coal and biomass to reduce green house gas emissions. The greater the
percentage of biomass mixture, the greater the coal savings and reduction of
green house gas emissions.Green Energy Resources has recently met some coal
executives, including Peabody coal (BTU), to discuss such a plan.
Power producers in the US, unlike their counterparts in Europe, generally are
unaccustomed to mixing coal types sourced from different regions.In Europe, it
is common practice. Premixed biomass and coal is already the norm and some
european coal producers regularly supply biomass. US shortages are caused by the
utilities,not the coal companies. "Eco -green coal" would reduce coal
prices,increase profits for coal producers, and conserve on coal resources.
Logistics from possible locations include Colorado, Powder River, and Applachia.
Co-firing, according to the Federal Energy Information Agency (EIA) has little
or no capital investment requirement by industry. It is the only short and
intermediate term solution to green house gas reduction. Scrubbers and
"clean coal' technologies are 20-30 year solutions, not short term.
Co-firing reduces, mercury, carbon, nitrous oxide,and sulfur and could virtually
eliminate green house gas emissions in the USA within 2 years.
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.
CONTACT:
Green Energy Resources
Joseph Murray, 631-375-7921
joe.murray@greenenergyresources.com
www.greenenergyresources.com
or
Worldwide Financial Marketing, Inc. USA
Investor Relations
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