The Company is headquartered in Detroit, Michigan and is currently developing construction and demolition waste and municipal solid waste diversion, recycling and energy recovery operations in Highland Park, Michigan and in Puerto Rico with other projects in the early planning stages
Green Energy Renewable Solutions, Inc. has a parcel of real estate at Lincoln Ave. Highland Park, MI and had previously entered into an letter of intent to purchase a further parcel of real estate at Oakman Blvd.
As of December 31, 2012, the proposed funding of the Highland Park waste conversion and recycling project is in progress and as the outcome of this is uncertain at this time, the value attributed to the intangible assets acquired has been fully impaired with a charge of $690,700 during the year ended December 31, 2012.
Yabucoa Landfill, Puerto Rico: Together with its partner Landfill Solutions Corporation, the Company is planning to remediate and manage the Yabucoa municipal landfill that has been closed since 2011. The remediation plan is designed to bring the landfill up to current operating standards and reopen the landfill for operations while developing recycling and waste conversion facilities. The parties have jointly commenced detailed environmental studies and preparation of development plans for full permitting of the landfill remediation works and the waste diversion program. Once operational, the project will accept and process 500 tons per day of MSW under the four long term municipal contracts at a rate starting at $17 per ton and escalating to $35 per ton after 5 years. The eventual outcome of these developments remains uncertain until the permitting process is completed and project completion funding is in place. This process is currently underway and until it reaches a satisfactory conclusion, the Company has decided to expense all cost related to these projects.
On June 27, 2012, the Company entered into a stock purchase agreement with Diamond Transport Ltd. under which the company will sell one million shares of common stock at $0.50 per share with a closing of the sale on or before July 15, 2012 with $100,000 to be received as an advance payment on July 05, 2012. The advance payment of $100,000 was received on July 20, 2012 and a further $50,000 received on August 20, 2012 and the closing date of the transaction will be upon receipt of the outstanding balance of $350,000. As of December 31, 2012, the shares have not been issued, and as such the Company has recorded $150,000 as stock payable.
News 
Market Data 
Discover 
