Green Energy Solutions (SATM) Plans Land Use for Energy Plant at Alberta Site
HOUSTON, TX--(Marketwire -12/08/11)- (Pinksheets: SATM.PK - News) Green Energy Solution Industries, Inc. (GESI), is making plans for the use of its designated land for use in implementing its waste rail tie to energy plant at the Alberta location. GESI has an agreement with the feed stock provider On-Track Railway Operations Ltd. for up to 10 acres of land use, that could be expanded at On-Track's Duagh Plant Facility outside of Edmonton Alberta, Canada. The Company has determined that it has enough land to support full size commercial plant operations. GESI is currently receiving plant footprint scenarios from providers as to the set up of the proposed waste to energy systems. Given the many advantages of the site, including the ready reserve of waste rail ties on site, to the easy location of chipping machines, ready access to on site rail lines, and to nearby grid links for power distribution, GESI has strategic advantages to lower power provision costs and operating costs. The location is located within the Industrial Heartland of Alberta, and has been an operable location for On-Track for many years. On-Track's Duagh plant is situated on 104 acres (zoned industrial) with over a mile and a half of rail lines, turnarounds, sidings, and other rail facilities.
GESI expects to make a technology choice within the next month for the provision of the utilization of the waste rail ties into energy.
On-Track is a major servicer in the rail industry throughout Western Canada, processing millions of used ties per year from major and other rail sources. There now exist an estimated one year plus worth of ties on site. With over 7,900 rail route-kilometers (4,900 miles) of railway track in Alberta alone each kilometer and mile represents an enormous amount of feedstock. Each kilometer of track has over 1800 rail ties (3000 per mile). Over 90% of all ties are wood, with a weight of 90 kilograms (200 pounds) per tie, and a useable life of approximately 20 to 25 years per tie.
About GESI
Green Energy Solution Industries, Inc. is a project developer for renewable energy projects in Canada. Utilizing in-depth due diligence, GESI has developed business plans, contracts and agreements with resource providers, land owners, waste sources, technology providers, and government entities for the placement of renewable energy projects. GESI is now a public company with offices in Houston, Texas and Alberta, Canada. For More Information on GESI see the web site at www.gestechnologies.com
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "projected," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
..Contact:.
.Ian Reed
585-520-2102
investordevelopmentgroup@gmail.com
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