Green Energy Resources Establishes International Commodity Standards for Fuel Grade Woodchips

Green Energy Resources Establishes International Commodity Standards for Fuel Grade Woodchips

Dec 10 - Business Wire

Green Energy Resources (OTC.PK NYIL) has developed international standards of conformity for fuel grade woodchips. The specifications include size, shape, moisture content and other relevant data for the Renewable Energy industry. The specifications will help expand the industry and simplify the process for buyers and sellers. Presently there are no standards or uniform grades.

Green Energy Resources will target the US coal Industry in 2005.The company directive announced last October was in advance of the ratification of the Kyoto Protocol. Kyoto, an international treaty of industrialized nations to reduce air pollution emissions to 1990 levels, takes effect in February 2005. Although the US did not sign the treaty, it is bound by international law to comply with it.

The international impact of Kyoto on the Renewable Energy industry in the USA has largely been missed by the media. Emissions trading already underway, will accelerate in 2005 and the long awaited US Energy legislation, stalled in the US Congress for 2 years, is widely anticipated to be passed in the upcoming session. Coal will be a major player in America's energy plans and expansion of the natural resource will be significant. Green Energy Resources will work with, and educate coal companies in product expansion, particularly, premixed woodfiber fuels for the utility industry to reduce polluting emissions and qualify utilities for Green Certificates.

Green Energy Resources established the fuel chip commodity standards which will be registered and trademarked and will assist an expanding sales force to the co-firing industry. Details and photos of the products will be available shortly on the company's website www.greenenergyresources.com .

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.

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