Cleantech Transit, Inc. (CLNO)
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Biomass is the oldest source of energy and currently accounts for roughly 10% of total primary energy consumption. While traditional biomass in form of fuel wood still is the main source of bioenergy, liquid biofuel and processed biomass production have shown rapid growth during the last decade.
Biomass is a versatile raw material that can be used for production of heat, power, transport fuels, and bioproducts. When produced and used on a sustainable basis, it is a carbon-neutral carrier and can make a large contribution to reducing greenhouse gas emissions. Currently, biomass-driven combined heat and power, co-firing, and combustion plants provide reliable, efficient, and clean power and heat.
Read the full article and the disclaimer at
ennyotcstock.com/?p=17367
(CVA, CLNO, LL, SVN) Stock Updates by PennyOTCStock.com
October 1st, 2011 at 11:59 am