GreenGold's "Jatropha Oil," the Investment of the Future, Is the "Cutting Edge Green Alternative Biofuel"; EU Increases Diesel F
December 08 2009 - 9:35AM
Marketwired
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) announces that the
growing demand for Jatropha Oil as the ultimate alternative green
biofuel makes it a compelling investment of the future. The
European Union (EU) recently set a target for all diesel fuels to
be comprised of 10% of biodiesel at the pumps by 2020, which has
added to the growing demand.
The demand for GreenGold's jatropha oil has increased as a new
way of replacing coal, gas, oil / petrol and nuclear as power
sources. GreenGold realized that the demand of the supply volume of
jatropha oil will be extremely high for years to come; thus we set
the target of increasing to over 100,000 hectares of jatropha
plantations, not only in Mindanao Island, Philippines but expanding
to Texas and Big Island, Hawaii, USA. Last November, about 12,197
hectares of agricultural land from the Agusan, Bukidnon and Surigao
Tribal Ancestral claims plus 18 acres of agricultural land in the
Big Island of Hawaii were added to the current total number of
hectares of land of GreenGold's Jatropha Plantations, thus inching
us closer to achieving our goal of about 100,000 hectares of land
by the end of 2013.
Note that Jatropha oil as biofuel produces energy without
releasing or increasing the carbon dioxide emission (CO2) into the
atmosphere; while fossil fuels will emit the carbon back into the
atmosphere, since this had been stored underground for millions of
years. Jatropha oil biofuels are nearly carbon neutral, less likely
to increase atmospheric concentrations of greenhouse gases.
Actual positive performance results of green oil-powered
vehicles have been confirmed. In 2007, Le Mans 24-hour race entered
by Lola was powered by a Jatropha green oil blend. Several months
ago a new British sports car, the Trident (cen), ran on pure
jatropha biodiesel oil, went 2,000 miles on 20 gallons of fuel.
Houston-based Continental Airlines had tested their jatropha
powered jet planes. These results confirmed that the jatropha green
alternative technology is the cutting edge alternative biofuel; it
was tested and proven to run powerful motor vehicles and airplanes
that can perform well even on pure, undiluted green biofuel.
Update on the forthcoming visit of CEO Manolo Tecson to Europe
and the USA is postponed to mid January 2010, due to the delay of
obtaining the Travel VISAS. GreenGold is looking forward to
completing the purchase and delivery of the European Biodiesel
Refining plant in this coming year.
About GreenGold Ray Energies, Inc.
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly
growing biodiesel, green technology, environmentally-friendly and
alternative-renewable energy company. The Company has already
solidified its position through a highly successful land
acquisition program, acquiring large parcels of land through
working alliances and joint venture partnerships with landowners
and growers, ideal for the cultivation of the jatropha curcas
plant. Jatropha curcas grows almost anywhere, even on gravelly,
sandy and saline soils. Jatropha oil can be processed to produce a
high-quality biodiesel that can be used in a standard diesel car,
while the residue can also be processed into biomass to power
electricity plants.
Forward-Looking Statements
Forward-looking statements in this release include statements
regarding the Company's projections regarding biodiesel, biofuels
other alternative energy explorations and extractions in future
periods. Penny Stocks are highly speculative and may be unsuitable
for all but very aggressive investors. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT: Investor Relations: Ken Maciora Empire Relations Group
Phone: (631) 270-3704 Email Contact URL:
www.greengoldenergies.com
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