Green Energy Resources (OTC: GRGR) will speak at the Europe 2006 Bioenergy Conference in London March 16th. The International conference will include a feature article in the UK-based Environmental Finance magazine in February. Environmental Finance has over 30, 000 renewable energy subscribers and is a top-ranking industry publication.
The conference focus is on expanding biofuels and biomass for renewable energy in Europe. Biomass has a potential market share in excess of 60% of all power energy markets and is 30 times larger than all other renewables combined, except hydro power. The conference will provide an in-depth analysis by the European Union's policy committee to rapidly increase biomass and biofuels power production in Europe. The conference is an opportunity for Green Energy Resources to expand European business contracts, meet power utility executives and coal industry utilities. The conference will spotlight Green Energy Resources as a leader in biomass fuel supplies.
In related News, China's green energy law enacted last year takes effect this month. The plan is intended to boost renewables to 15% of total power production by 2020. Biomass energy is a centerpiece of the new law and provides an unparalleled opportunity for Green Energy Resources to supply Chinese power companies. China's government modeled its renewables incentive scheme on European Union countries. Chinese biomass power plant operators will receive a subsidy of $0.03 per kilowatt for the next 15 years. The greatest incentive and benefit will be provided to power plants approved before 2010.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.