WRII: What does it mean?
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Refuse Recovery, Inc. WRII acquires and merges with Alternative Green Technology and Energy Company -- biodiesel, biofuels, biogas production; renamed GreenGold Ray Energies, Inc.
Texas Corporation (PINKSHEETS: WRII), will submit its 8K for a name amendment to GreenGold Ray Energies, Inc. and its acquisition/disposition of assets. On April 8, 2008, Waste Recovery (WRII) signed an acquisition contract for 100% of GreenGold Ray Energies, Inc. WRII will reorganise so that each stockholder who holds 10,000 ordinary WRII stock will get 1 new, unlimited and 10 new limited ordinary GGRE stock.
The GGRE currently has control through JV arrangements over approximately 3,000 ha of the Mindanao Island and 300 ha of the Batan Island, of which Jatropha is sown. The GGRE prepares the 3,000 hectare of Jatropha plantation of GGRE. A further 10,000 ha are acquired in Bukidnon, Mindanao Island.
Under the terms of the agreement, Waste Recovery will rename itself GreenGold Ray Energies, Inc. GreenGold Ray Energies, Inc. The GGRE is an expanding global provider of renewable technologies and environmentally friendly power, working to fully exploit both oil-based agriculture minerals and alternate fuels derived from sugar cane, coconuts, jatropha, sweetened sorghum and other plants.
The GGRE is regarded as a developing enterprise and remains in this position until the sales from the first jatropha products begin: It is expected to be produced in autumn 2008. Green Gold Ray Energies, Inc. The GGRE is one of the leading bio-diesel, bio-fuel and bi-gas businesses in the Philippines, balancing today's oil-based bio-diesel, bio-fuel and bi-gas technology and leveraging long-term partnership through the participation of privately owned groups, community groups, regional government and hosting municipalities, delivering constant return on investment and contributing to the happiness of its stockholders, clients, employees enviroment.
The first jatropha seeds were planted on the 300 hectare of Batan Island by Company Field Director Rey Oliva. Another 3,000 ha of property are being planned for the Jatropha orchard. On Mindanao Island, another 10,000 ha will be available for the purchase of a third jatropha orchard.
It is a wealthy archipelago of raw materials such as coppra (dried cores of coconuts), which is abundant in the area, and the abundant berry of the readily reproducible jatropha which is similar in chemistry to fossile fuels and requires a brief period from plantation to crop (about 7 months).
The GGRE is working with the Philippines Department of Science & Technology (DOST) to plan the planned bio-diesel facility, and the company's engineering and environment advisors will be conducting an assessment of the impact of the commercial cultivation of the Jatropha will. The GreenGold Ray Energies, Inc. philosophy and philosophy is to work with the Filipino governments and community to purchase lands for the manufacture and sale of renewable energies.
GGRE is also committed to delivering goods and value-added service to resource-rich but tax-poor guest municipalities to provide decent and viable employment, to produce biofuels, biofuel and fermentation gas to support the future of the Philippines' promising renewable energies sector, and to plan and build offshore generation facilities to provide electricity to isolated areas in the Philippines.
In January 2007, the Republic Act No. 9367, also known as "An Act to Directly the Use of Biofuels, Establishing for this purpose the Biofuel Program....", aroused interest in the Philippines' renewable or non-renewable energy sector. As a result, some non-German firms have set up biofuels manufacturing plants in areas with large sugar cane crops (raw materials for bioethanol), as well as in areas with bio-diesel crops such as bio-diesel and jatropha (raw materials for biodiesel).
In a Memorandum of Agreement (MOA) with 300 hectare landowners in Batan Island, Albay and with the KAHIB Indian Federation of Binasan, Iligan City, Mindanao, Philippines with a total area of 3,000 hec. was identified as Jatropha plantations, which supply resources for the biofuels produc-tion.
The main components of our product and service portfolios are power, bio-diesel, bio-fuels and gas. Whilst power still represents a major part of the world's power demand, bio-fuel technology is quickly becoming the alternative and environmentally sound substitute for oil-basedfuel. We' re looking for more extensive areas to grow commodities such as jatropha and sorghum for the manufacture of bio-diesel.
1. Biofuels: The most common are bio-ethanol and bio-diesel. It is anticipated that this will become a significant sales driver for the company due to the increasing tendency to use bio-fuels instead of oil based product, mainly for reasons of eco-environment. Paragraph (2) Biogas: Sales of our biofuel will become our top-selling business," said CEO R. Bernard.
More information about jatropha seed oils can be found at: http://en.wikipedia.org/wiki/Jatropha_biodiesel. The GreenGold Ray Energys, Inc. is a rapidly expanding global power utility seeking ways to research, manufacture, market and utilise renewable power sources such as biofuel and riposte. The GreenGold Ray Technologies, Inc. is recognised as a leader in bio-green technologies and other renewable sources of power, which helps the nation to become self-sufficient and sustainable through the research and generation of native renewable sources of power.
By pooling its workforce and manufacturing resources, the Group aims to leverage advantages of size in the mining, refining, sale and trade of raw materials. The GreenGold Ray Energies, Inc. is dedicated to implementing renewable technology to provide tax advantages on the basis of the profit-people-planet-concept. Forward looking forward-looking statements contained in this press release contain forward-looking information regarding the Company's forecasts regarding bio-diesel, bio-fuels and other renewable energies for forward-looking years.
Significant differences between these forward-looking statements and the expected results may arise from certain known and unknown risks and contingencies, including: estimated reserve related uncertainty, cost of exploration and extraction, bio-fuels and other alternate fuels related issues, the exposure to changes in raw material prices, policy and regulation, the need to obtain licenses, and other matters such as uncertainties regarding future events and changes in the environment.
ALTANA does not undertake any intent or liability to publicly release, publicly release or publicly release any forward-looking statement, whether as a consequence of new information, past performance or otherwise.