NEW GREEN TECHNOLOGIES ANNOUNCES THE ARRIVAL AND SET UP OF WASTE TO ENERGY PILOT PLANT IN PALM HARBOR FL
Tampa, Fla. – (BUSINESS WIRE) – September 24, 2008 – New Green Technologies, Inc., (OTCBB:NGRN) is pleased to announce that it has established the location for its waste to energy platforms to be shown, marketed and run in a location in Palm Harbor, Florida. The Company has received the 15 ton mobile semi-trailer mounted unit, which is positioned to run separate feed stocks to create oil, bio fuels, and gas. As well the location will house NGRN’s plasma pilot plant and technology for waste liquid to energy uses.
The CAVD technology under New Green Technologies was developed to take bio and other waste, and convert it to bio-fuel and gas without burning it. NGRN’s 15 ton mobile semi-trailer mounted unit (CAVD #1), which is being positioned in the Tampa area to run separate feed stocks. Such feed stocks include automobile shredder residue (ASR), carpet waste, citrus waste, tobacco waste, wood waste, agricultural wastes, and others. The Company is in negotiations to secure lines of such feedstock supplies in long term contracts. Many of the feedstock types have no value and are land filled, but can create large amounts of oils, gasses and other useful substances after having already been run through the mobile reactor, or the large facility located in Mobile, Alabama, held under another private entity. NGRN is filing for separate patents for different feedstock usage.
The Company will operate CAVD 1 at the Palm Harbor Florida location with joint venture partners to prove out the output models of energy from set amounts of feed stocks. NRGN has a corporate goal of securing multi-plant purchases along with its own plants over the next six months. Each CAVD plant is projected to be based upon a base 48 ton throughput of the waste. The wastes can be combined, but all have achieved or are expected to achieve similar production of oils, gas, and solid output for commercial sales. The normal output of a plant per year, shows large profit potentials for each feedstock. Carpet waste, Distillers Dry Grain, Tires, Algae, and other feed stocks have been proven through the system. NGRN has a strategic relation with an electrical generation company to turn all of the gas into electricity for its own use at the plant, or off take under a Power Purchase Agreement with the local grid, or for use by the partner at the location with the feedstock.
About New Green Technologies, Inc.
New Green Technologies, Inc. (OTCBB: NGRN). New Green Technologies 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 new 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. RWER’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: International Energy Resources LLC
Billy@Cavdtech.com
