News Releases
Dec 19, 2008 San Diego, CA - December 19, 2008 - Global Green Solutions' Greensteam renewable energy system will soon be generating steam fueled by agricultural crop waste for Aera Energy LLC, one of California's largest oil producers. Design and engineering of the Greensteam demonstration unit is nearing completion and construction will begin in January. Steam produced by the low emissions, high efficiency Greensteam process will be used for Aera's enhanced oil recovery operations. Aera will contribute $3 million of the estimated $5.5 million cost of the demonstration unit, which will be installed in an Aera oilfield near Bakersfield, California and become operational in the third quarter 2009. A contract between Aera and Global Green Solutions defines the terms of Aera's contribution and outlines Aera's requirements for a long term steam purchase agreement, which includes the installation of an additional ten units. The units are planned for sequential start-up over a three year period and will replace fossil fuel-fired steam generators. Global Green Solutions Inc. www.globalgreensolutionsinc.com develops and implements ecotechnology solutions for renewable energy and reduction of greenhouse gas emissions. Global Green Solutions Inc. is a U.S. public traded company (GGRN:OTCBB, Cusip 37947A), with offices in San Diego, New York, Vancouver, Brussels, London and Johannesburg. Investor Relations North America Halsey Johnston 604.606.7967 or 866.408.0153 haljohnston@globalgreensolutionsinc.com Media Relations Nancy Tamosaitis Vorticom Public Relations 212.532.2208 Nancyt@vorticom.com Safe Harbor for Forward Looking Statements: Except for historical information contained herein, the contents of this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices as well as other factors addressed in the company's filings with the Securities and Exchange Commission. | |
