Green EnviroTech Holdings Signs Authorized Representative Agreement With EcoEnergy Ventures For Source Funding In China
24 7월 2014 - 10:05PM
Green EnviroTech Holdings Corp. ("GETH" )
(OTCQB:
GETH) announced today that the company has signed an
Authorized Representative Agreement with EcoEnergy Ventures Pty
Ltd. ("EEV") of Melbourne, Australia through Black Lion Oil Limited
(BLOL), a company which GETH has a service and management fee
agreement. EEV is an Australian-owned company that develops Thermal
Waste to Energy Projects, diverting waste from landfills to create
clean energy sources.
Gary De Laurentiis, CEO stated, "We are pleased to announce the
agreement with EcoEnergy Ventures Pty Ltd ("EEV"), which further
expands our development plans in various countries worldwide. GETH
has been working with EEV for the last six months developing a
business plan for specific areas. EEV looked at similar technology
and chose GETH based on the quality of our oil and the cost and
efficiency of the technology.
The agreement provides that GETH will support EcoEnergy Ventures
with opportunities to employ the GETH Oil Conversion Technology in
the Tianjin region of China. The agreement for representation for
GETH is though Black Lion Oil (BLOL). GETH/BLOL will engage the
services of EEV to introduce opportunities, projects, qualified
investors and financing sources to GETH/BLOL. In addition, EEV
could provide GETH with the financial and operating partners
capable of owning and operating GETH Systems in specific projects
in the "Tianjin Region" in China under technology licensing and
other support service agreements with GETH/BLOL.
The City of Melbourne has been a "sister city" to Tianjin since
1980 and has developed a very strong relationship with the
Tianjin's leaders. As a member of the City of Melbourne's Clean
Technology Leaders delegation to Tianjin, EEV was able to develop
strong relationships with government and industry leaders in the
Tianjin region. These relationships should generate a great deal of
confidence that the GETH project will be given consideration by the
local governments.
De Laurentiis added, "We are also in discussions with EEV to
represent GETH/BLOL in Australia and expect the parameters of the
agreement finalized within the next few weeks. EEV is in the
process of preparing an investment prospectus for six proposed
plants in Australia. EEV will focus on tires as feedstock, which is
currently a huge problem in their country. The first plant will be
in Perth, starting with two systems. GETH is extremely excited to
be part of the first waste tire to oil plant in Australia."
Dylan Nichols, Director of EcoEnergy Ventures, commented: "We
are very excited to be working with GETH and Black Lion to develop
clean energy projects in Tianjin and Australia. We see the GETH
solution as best in class in regards to its efficiency, modularity
and end products. It is the perfect solution for the Australian
tire market, which is desperate for solutions for its increasing
environmental issue".
About:
Green EnviroTech Holdings Corp.
Green EnviroTech Holdings (GETH) is a green innovative
conversion technology company, which holds a patent pending process
for converting waste tires and mixed plastics, destined for
landfills, into high-grade oil. The company has received a contract
to purchase GETH oil from ConocoPhillips (NYSE: COP). The GETH
process helps solve America's environmental issues. Each GETH
system converts approximately 545,000 tires per year into 17,220
barrels of oil and by-products (Syngas, Carbon and Steel). The
process also converts 12,000,000 pounds of mixed post-consumer
plastics per year, not currently recycled, and produces 32,500
barrels of oil and by-products. The GETH process produces no
emissions.
For further information about the Company, visit
www.greenenvirotech.com and/or email info@greenenvirotech.com.
About:
Blacklion Oil LTD.
Blacklion is an Irish based company with its primary focus on
emerging green technology that has international applications.
Blacklion's first investment was the acquisition of the non-US
rights for the Green EnviroTech plastic/tire to oil technology.
Blacklion is currently partnering with regional technology
companies in strategic markets to expand the GETH footprint.
Blacklion Oil LTD.
92/93 St. Stephens Green
Dublin D2 Ireland
+353 (1) 4283534
About:
EcoEnergy Ventures Pty Ltd.
The core of EcoEnergy Ventures (EEV) is led by a passionate
management team with extensive experience in energy and commercial
project development. EEV's directors are keen environmental
advocates, have over two decades of commercial experience in
Australia's energy and environmental industries, and have developed
and delivered energy projects nationally.
EEV's people include experienced engineers, scientists, business
and project managers, all of whom hold advanced degrees and are
leading experts in the development and commercialization of Thermal
Waste to Energy (TWtE) projects.
Flexibility, versatility, a wide knowledge base, and access to a
wide variety of solution set EEV apart from our competitors. EEV
are pioneering the TWtE industry in Australia, bringing the latest
international innovations in TWtE technology. EEV is a member of
the Clean Energy Council, Waste Management Association of Australia
and the Australian Institute of Energy.
EcoEnergy Ventures pty ltd
1/349 Collins Street
Melbourne, VIC 3000
grow@ecoenergyventures.com
www.ecoenergyventures.com
Media services by: S.T.A.T. Group LLC & Vitello Capital
LTD
Safe Harbor Statement:
GETH cautions that statements made in press releases constitute
forward-looking statements, and makes no guarantees of future
performances and actual results/developments may differ materially
from projections in forward-looking statements. Forward-looking
statements are based on estimates and opinions of management at the
time statements are made.
CONTACT: EraStar, Inc.
Steffan Dalsgaard, CEO
Las Vegas World Headquarters
Las Vegas, NV 89141
(702) 480-9800 office
Green Envirotech (CE) (USOTC:GETH)
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Green Envirotech (CE) (USOTC:GETH)
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