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| Green Energy Resources unveils biomass software |
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| Monday, 24 July 2006 | |
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Green Energy Resources (Other OTC:GRGR.PK - News) announced today that its Urban Tree Certification System (UTCS) software is ready for market and will begin producing revenue in 2006. The company claims the software is web-based, user-friendly and intended to provide an eBay-like marketplace of carbon
reduction strategies, carbon sequestration, and marketing of waste wood.
Green Energy Resources (GES) claims wood fiber has potential applications in over 60% of total energy markets.
The UTCS software tracks waste wood, currently un-tapped and un-calculated as marketable commodity.
UTCS sources wood generated at the municipal level from non-forest industries, such as land clearing, landfill, routine park and road maintenance, and storm damage.
The UTCS software will compile a database of "cheap" wood, designed to capture the major market share in the US for Green Energy Resources.
The strategy is to supply the rapidly emerging US ethanol and biodiesel markets with large volumes of wood fiber from cellulose.
The wood fiber database would allow big energy manufacturers to rely on accurate data and long-term supplies to replace corn as the key supply ingredient for fuels.
The US Department of Energy estimates ethanol and biodiesel will compose approximately 30% of the US transportation fuels by 2030.
Green Energy Resources revenue projections for UTCS are based as few as 3000 US municipalities generating approximately 1000 tons a month of wood waste by 2010.
Estimates for 2007 are approximately $11 million dollars in net earnings, growing to over $210 million dollars by 2010.
The projections are based on export sales and do not include potential sales for ethanol and biodiesel in US markets.
Green Energy Resources claims UTCS is the first ever market database, to track and maintain tree and wood inventories across the US at the local level.
The company hopes the databank positions Green Energy Resources to supply long term contracts to US and international clients with hard data on mitigated risk management.
UTCS creates uniform commodity standards of performance and quality. UTCS software will generate revenues from every buy and sell transaction as a broker and will be accessible Monday, July 24th, 2006 through the new Green Energy Resources website.
UTCS was designed to comply with the requirements of the Kyoto treaty and meet the World Banks Clean Development Mechanism standards (CDM).
The overall goal of the software is:
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