NEW YORK, NEW YORK, Jun 22, 2006 -- MARKET WIRE

 

Green Energy Resources (PINK SHEETS: GRGR) announced it has received a trial order of wood biomass for renewable energy consumption destined for Sweden. The order, approximately 30,000 metric tons is, valued at approximately $1.6 million dollars and is scheduled for export in the fall of 2006. Successful shipment of the trial order will result in a 1-year supply option valued in excess $10.5 million dollars. The shipment will be delivered to the Stockholm region.

Sweden plans a new power generating plant near Stockholm in 2009. The new plant will require nearly 1 million tons annually in woodchips to operate the new power generating facility. Green Energy Resources has on going discussions regarding those supply options.

About Green Energy

Green Energy Resources is a wood biomass supplier to the power utility industry. It is the only US supplier to utilize the stringent UTCS Environmental certification system that includes a chain of custody documentation. Green Energy Resources obtains its supplies from wastewood sources, such as landfills, municipalities, and hurricane storm damage. Wood biomass has multiple applications, including co-firing with coal, gasification, ethanol and biodiesel fuels, and direct burn. Biomass is the only renewable energy that can be stored with reserves and has application in upwards of 60% of total energy markets. Green Energy Resources was the first company to export woodfiber fuels for renewable energy from the United States, beginning in 2003. Further details about the sale are available through the company.

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.

SOURCE: Green Energy Resources

News Provided By