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 a renewable source of energy and its use does not contribute to global warming. Biomass fuels have almost no sulphur content and therefore produce very little sulphur dioxide, which causes acid rain. Burning biomass generally produces less ash than burning coal. In addition, the ash produced can be used as a soil additive on farm land to recycle elements such as phosphorus and potassium. The use of agricultural residues, forestry residues and municipal solid waste for energy production is an effective use of waste products. It also reduces the problem of waste disposal. Perennial energy crops, like Mallee trees, can be used to lower the water table and reduce salinity as well as sequester carbon in their roots.







Read the full article and the disclaimer atennyotcstock.com/?p=17609