Friday, September 06, 2013 2:26:01 PM
A secondary project and one which we believe will provide substantial capital for growth is the sale of carbon credits produced at our Alabama facility and future locations. We have entered into an agreement with Green Giant Venture Fund (“GGVF”), a firm with 10 years’ experience in this market to guide us through this process and monetize our Carbon Credit production. GGVF will develop the Project Design Document and market the Carbon Credits to the appropriate buyers and brokers. We have arranged for the needed financing to put the plan in place which will include; working capital for GECO, due-diligence, filings, legal expense, and agency approvals when needed. It is anticipated that this effort will be successful and a significant capital infusion for GECO will be realized by the year-end.
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