NEW YORK, NY, Feb 14, 2006 -- MARKET WIRE

 

Green Energy Resources (OTC: GRGR) announced a 5-year plan to capture a 20% market share of the European biomass market. According to European Union white paper estimates, the total volume of biomass requirements are in excess of 110 million tons by 2010. The Green Energy Resources plan includes a sharp rise in profitability generated through value-added sales of certified carbon emissions reductions for carbon credits. The carbon emissions reductions conform to Waste Reduction models used by scientific organizations around the world for greenhouse gas measurement. Reduced emissions are based on calculations that biomass recovered or diverted from landfills contain additional greenhouse gas reduction benefits. The plan offers buyers potential emissions credits for carbon , nitrous oxide (nox), methane, and carbon sequestration not available through conventional forestry or plantation grown trees, which are carbon neutral. The value-added credits provide Green Energy Resources with a market advantage against both domestic and international competitors sourcing from the forest industry. For power plant operators, it could add millions of dollars to their bottom line through carbon emissions trading on the ETS (European trading scheme), which hit a peak of $36 a ton in 2005.

The urban tree certification system (UTCS) is a tree-planting and revenue-generating program for municipalities. Revenues are generated through carbon sequestration, alternative energy generation, tax credits, and sales of wood waste from parks, golf course maintenance, road clearances and government-approved building permits. The primary goal is to identify tree loss, catalog it and plant more trees than are cut. UTCS includes chain of custody tracking and 3rd party verification of sourcing to insure authenticity. UTCS is designed for worldwide towns and cities as a simple one-stop renewable energy user-friendly web-based software program to enter and participate in the growing alternative energy and emissions trading markets. According to US Forest Service data, 32 million tons annually of wood waste reaches US landfills. Major weather events can add upwards of 50 million tons in a single year (Florida reported in 2004). Over 200 million tons of woodchips and wood waste are produced by the non-forest industry and diverted from landfills annually. Green Energy Resources exploits these readily available supplies.

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 company's 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.

SOURCE: Green Energy Resources

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