SOURCE: Green Energy Resources

January 29, 2007 09:26 ET

Ethanol and Energy From Woodchips: Green Energy Resources New Technology Offers Cheaper Fuel Source Than Corn

NEW YORK, NY -- (MARKET WIRE) -- January 29, 2007 -- Green Energy Resources (PINKSHEETS: GRGR) announced it will seek to capture the woodchip for energy marketshare on the US East Coast and California. Woodchips are gaining momentum as a superior and cheaper fuel source for ethanol and power energy production. Green Energy Resources UTCS wastewood to energy plan includes cellulostic fiber, woodchips and woodfiber fuels. President Bush in last week's State of the Union Address 'Biorefinery Initiative,' specifically acknowledged waste sources of woodchips for ethanol and energy. The announcement comes in the wake by industry and investment communities that corn will likely prove uneconomical for ethanol production in the US.

UTCS -- a technology breakthrough

UTCS technology software tracks, sources, inventories, and environmentally certifies millions of tons of wastewood generated in the US annually. UTCS can certify existing forest lands, plantations, tree farms, and urban wood waste streams as well as storm damage. The software performs emissions calculations for municipalities and trade opportunities. UTCS is a web-based software currently offering open enrollment for ethanol producers, power plant generators and municipalities. WWW.UTCS.COM.

Energy WoodChips -- a Trade Commodity

Green Energy Resources has re-initiated steps to establish commodity standards for "Energy Chips." Energy Chips will have benchmarks similar to coal and oil like West Texas and Brent sea. The plan is to list on a major commodity index and was first offered in 2005 by the company. Green Energy Resources has enlisted the aid of an international and award-winning emissions trade brokerage firm to fully develop the commodity standards and list on an index.

Green Energy updates

Green Energy Resources will attend and be a sponsor of Bioenergy Europe 2007 next week in London. The company is scheduled to finalize a new woodchip carrier at the conference. Green Energy Resources CEO, Joseph Murray will meet several international buyers and plans a joint press release for next week.

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.

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