Dec 10 2009
Green Energy Resources announced that it has received a 10-year $300 million biomass supply contract. The biomass will be supplied to coal-burning power generation companies in the US. Power generating companies in the US are seeking Federal permits to conduct coal co-firing tests to comply with the latest EPA rules.
European power generating companies have implemented a co-firing strategy to reduce green house emissions effectively. This cost-effective solution was adopted by European companies three years ahead of American power generating plants. Wood biomass of about 1.5 million tons is expected to be supplied by Green Energy Resources annually, once the tests for co-firing are completed. The duration of the co-firing tests is expected to range between 6 and 12 months and production will likely begin in 2010 spring. Financial assistance to Green Energy Resources is being provided through the US Federal Biomass crop assistance program (BCAP).
An agreement on greenhouse gas emissions are expected to be signed at the International Climate Conference, which is being held at Copenhagen. The US Senate has not yet passed the Cap N trade bill and this inaction on the part of US to effectively deal with emissions is seen to be affecting the efforts of oil producing nations and other countries towards achieving energy security. This inaction is also said to be likely to prevent millions of green jobs from being created.
Green Energy Resources collects its wood from various sources including municipalities, cities, and urban wood waste streams. Green Energy Resources is at present exporting woodchips to power generating plants in Europe.
Source: http://www.greenenergyresources.com/