Clenergen Corporation
OTC Bulletin Board : CRGE

Clenergen Corporation

May 19, 2010 08:00 ET

Clenergen Corporation (OTCBB:CRGE) to Commence Commercial Trials on 900 Acres of Land Under Agreement in India, Ghana, Guyana and Philippines

NEW YORK, NEW YORK--(Marketwire - May 19, 2010) - Clenergen Corporation (OTCBB:CRGE) announced today that it had signed a Memorandum of Agreement with Growmore Biotech to undertake commercial trials of Clenergen's tree species and bamboo on 900 acres of land under agreement in India, Ghana, Guyana and Philippines. Currently the company have scheduled 22,000 acres under 49 year lease agreements in these regions, which are projected to yield over 880,000 tonnes of biomass per annum by 2014 and provide fuel supply for 110MW/h of biomass power plant capacity.

The company intends to produce up to 200,000 saplings per week from tissue culture. The saplings will be shipped in quarantine approved containers with each sapling being identical in yield, as well as being asexual and non invasive. The trials will assist in confirming the appropriate pesticides and fertilizer regime for each region identified for the trials.

The trials are expected to last six months prior to commencing full scale plantations in each region. Plantation and agronomy management services will be provided by Growmore Biotech and the Madurai Kumaraj University, Tamilnadu India, under the guidance of Professor K. Mutchuchelian, whose experience in biomass has been recognized by Governments throughout the world.

Commenting on the Agreement, Mark Quinn, Chief Executive Officer said "The commercial trials of our energy crops in these regions marks a cornerstone for the sustainable and profitable use of marginalized land. The biomass feedstock produced will provide a valuable source of fuel for generating renewable power, which will significantly help alleviate rural unemployment and counter the course of urbanization in these regions".

Dr Barathi, Director of Growmore Biotech, said "Clenergen continues to execute on its agronomy and technology programs as scheduled and we are delighted to be a part of this exciting and dynamic company. They are destined to become one of the leading organizations in the renewable energy sector".

About Clenergen Corporation

Clenergen Corporation is a publicly listed company on the OTC stock market (symbol CRGE). Clenergen offers strategic Clean Energy Generation and sustainable fuel supply projects to address the requirement for renewable and sustainable supplies of power. Clenergen has developed a unique supply of fuel for use with gasification, combustion steam, Pyrolysis oil and pelleting technologies.

By using proprietary and mixed biomass feedstock to implement sustainable supplies of clean energy to regional, Captive End Users, Mining Companies and through Government or Privately Owned National Grid Systems. The "Distributed Environmental Power System" marries significant proprietary advancements in plant science with proven long standing engineering technologies to achieve this goal.

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to our ability to complete the acquisition and establish our company as one of the leading biomass power and feedstock companies globally.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with clean technologies; changes in the operating costs and changes in economic conditions and conditions in clean technologies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current and periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Clenergen Corporation
    Jessica Hatfield
    Environment Director and Cofounder
    0044 (0)207 739 0028
    0044 (0)207 657 3275 (FAX)