SOURCE: Green Mountain Development Corp

Green Mountain Development Corp

July 07, 2011 11:41 ET

Green Mountain Completes Beach Haven Fuel Terminal Business Assessment Report for C. Trade Group

Report Recommends Facility Use for Remediation and Recycling of Gas Well Brine Water to Address Local Environmental Concerns

CARLSBAD, CA--(Marketwire - Jul 7, 2011) - Robert Brehm, CEO of Green Mountain Development Corp (PINKSHEETS: GMND), announced today that the company has completed its business assessment report for rehabilitation and operation of the Beach Haven Oil Terminal located in Berwick, Pennsylvania in the Marcellus Shale region. The company reviewed facility alternatives for fuel distribution, bio-diesel refining and natural gas well brine water recycling with respect to environmental factors, financial parameters, and integration with C. Trade's existing logistics and fuel trading network and extensive experience in water remediation and management.

The facility is strategically located and has five above-ground storage tanks with a capacity of over 2.5 million gallons for processing a variety of fluids. Previously the terminal received refined products from pipelines, barges and trucks and distributed petroleum products to third parties for delivery to home owners and commercial outlets. The facility is large enough to add a bio-diesel refining operation of 24MM gallons/yr or its tank storage system could be converted to remediate and recycle brine water used in gas well production. Recycling brine water for reuse can significantly reduce the environmental impacts of discharging the water into rivers and streams, a common practice in Pennsylvania until earlier this year.

Brehm commented, "As part of the terminal operations team, C. Trade CEO Nick Kontonicolas and I are reviewing the report to determine the best market opportunity for a JV operation. While the report recommends that the facility be repurposed for the recycling of brine water due to pressing environmental concerns and need for offsite recycling services, changing market conditions, political climate and other considerations may require a different alternative be adopted for the joint venture. We plan to have a definitive implementation plan in place before the end of the year."

About C. Trade Group
C. Trade Group and affiliates have interests in energy exploration and logistics, real estate, transportation and technology with affiliated offices in New York, Shanghai, California, Calgary, Athens, Jinzhou, China and Abu Dhabi.

About Green Mountain Development Corp
Green Mountain Development Corp has licensed products and services related to the energy and environmental sectors. More info at

The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a development stage company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.

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