GreenGold Ray Energies Completes Jatropha Plantations Conversion on Approximately 100,000 Acres and Is Now Poised to Become a Le
04 November 2010 - 5:50AM
Marketwired
GreenGold Ray Energies (PINKSHEETS: GRYE) announced today the
completion of the Jatropha plantations on approximately 100,000
acres in the Mindanao region of the Philippines.
According to the company about 100,000 acres out of the 1.7
million acres have been converted to Jatropha providing a
significant amount of raw material for the production of the
company's bio-diesel. The Mindanao region is ideal for the Jatropha
plantation since many hundred thousands of acres are left vacant,
yet the area has all the perfect conditions to yield favorable
harvests.
"We are glad to have completed the first initial phase of the
conversion as we are now poised to become a leader in the
production of Bio-Diesel," said Manolo Tecson, CEO of GreenGold Ray
Energies Inc. "We are now enabling our partners, the local farmers,
to generate a significant income as well as reducing the risk of
water-caused disaster by the elimination of erosion from once
vacant lands."
About GreenGold Ray Energies
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly
growing biodiesel, green technology, environmentally-friendly and
alternative-renewable energy company. The Company has already
solidified its position through a highly successful land
acquisition program, acquiring large parcels of land through
working alliances and joint venture partnership with landowners and
growers, ideal for the cultivation of the jatropha curcas plant.
Jatropha curcas grows almost anywhere, even on gravelly, sandy and
saline soils. Jatropha oil can be processed to produce a
high-quality biodiesel that can be used in a standard diesel car,
while the residue can also be processed into biomass to power
electricity plants.
Forward-Looking Statements Forward-looking
statements in this release include statements regarding the
Company's projections regarding biodiesel, biofuels other
alternative energy explorations and extractions in future periods.
Penny Stocks are highly speculative and may be unsuitable for all
but very aggressive investors. The Company disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
CONTACT: Investor Relations: Rainmaker Venture Capital
Inc
www.otcmarkets.com/service-provider?id=2962&b=n&filterOn=2
Phone: (888) 308-2638 Email: Email Contact URL:
www.greengoldenergies.com
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