TAMPA, Fla., May 14 /PRNewswire-FirstCall/ -- New Green Technologies, Inc. (BULLETIN BOARD: NGRN) , http://www.newgreentech.us/, announces that it entered a bid for a study to use its waste to energy gasification process for using waste wood ties to create energy and dispose of toxic railroad ties in Canada. NGRN has made a strategic partnership to use a base level of 250,000 (approximately 50,000,000 pounds/25,000 tons) of railroad ties a year which could yield 3,000,000 gallons of bio-oil annually for a single 75 ton per day waste tie to energy plant. Previously, the NGRN technology had shown its ability to convert bio mass into large volume bio-energy.
NGRN and Green Energy Solutions, Inc. (GES), had previously entered into a joint venture to establish a large scale project feasibility study for wood waste in Canada. GES, as part of the feasibility ramp up with NGRN has entered into a preliminary agreement for a base level of available wood railroad ties for conversion to bio-fuels and energy. Under the partnership, NGRN would use its Catalytic Activated Vacuum Distillation (CAVD) pyrolisis gasification process to show the commercial use of the system for the larger scale plants. The plant would also be able to create an approximate 120,000,000 standard cubic feet of gas annually. Between the two feedstocks the bio-fuels would be able to use the fuels to power electric production or sales. The availability of railroad ties could under the available source could be enough for three such plants from the sources railroad ties.
The GES and New Green proposal with the source of feedstocks, is under a bid to receive funding for the feasibility study for railroad ties. Use of the CAVD could solve serious environmental issues in disposal of railroad ties. Scrap railroad ties are classified as hazardous waste, which is expensive to treat and dispose. The system has been proven out in numerous feedstocks, such as tires, carpet waste, and bio-waste, and was found to be emissions friendly. The project will encompass using modular CAVD technology in a large plant to reduce the volume of the stockpiled construction debris, and if necessary, NGRN's plasma system to convert any hazardous materials remaining in the concentrated waste to cleaner burning gas. NGRN expects to be advised of the feasibility bid award by June, 2009.
About New Green Technologies, Inc.
New Green Technologies, Inc. (BULLETIN BOARD: NGRN) . New Green Technologies (http://www.newgreentech.us/) is currently focused on using its newly acquired technology to move forward in the bio-fuel and waste flow industries. With revolutionary technology, the Company can now make significant impact in the newly emerging bio-fuel and other waste industries. New Green Technologies primary technology is the Catalytic Activated Vacuum Distillation (CAVD) system which is an exclusively patented technology which allows waste products, such as DDG, carpet waste, algae, citrus waste, tobacco waste, municipal waste, and others, to be converted into a bio-fuel and gas. The Company has also acquired a plasma arc to energy technology along with a patented technology using waste water, fluid or gas flows to create electricity. NGRN's unique hydro technology is under control of EU partners for market entry.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of NGRN officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future NGRN actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and NGRN has no specific intention to update these statements.
Contact: Allen Jones C Jones Consulting (727) 771-9500
New Green Technologies, Inc.
CONTACT: Allen Jones of C Jones Consulting for New Green Technologies,
Inc., +1-727-771-9500
Web Site: http://www.newgreentech.us/
