From my understanding, Aera Energy is a jv between Exxon and Shell. It is the largest oil producer in California. GGRN has a signed contract with them and and has a commitment for $3M from them to construct a pilot plant. Once this plant is "proven", GGRN will have ten more plants to build out to fulfill its contract. This could represent cash flow in 2010 if all goes well.
On the longer range, the Vertigro "algae" process could develop into something of significant value, but I don't expect that to come to fruition for another five years (give or take), unless GGRN decides to sell its postion to raise capital for the Greensteam process. Algae is still in the development stages, but holds great potential.
The new cap and trade legislation could be a huge plus for this company, as biomass will play a significant role in GHG reduction. I cannot think of a better contract to have than one with two of the larger oil companies in the world.
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