Peat Resources Limited

Peat Resources Limited

November 09, 2011 11:41 ET

Peat Resources Limited Showcases Peat Pellets at South China Low-Carbon Fair

TORONTO, ONTARIO--(Marketwire - Nov. 9, 2011) - Peat Resources Limited (PRL) (TSX VENTURE:PET) has showcased the benefits of its peat fuel product to potential customers at the 2011 South China Low Carbon Fair, which ran from November 3-5, 2011 in Guangzhou, China. Global Perspectives LLC represented PRL at the conference and engaged in dialogue with Chinese consumers of low-carbon fuel, as well as key government officials, to solicit interest in pelletized peat fuel as an alternative to coal. The event was attended by thousands of representatives from various industry groups from around the world who gathered to share ideas and products that can contribute toward China's ambitious green energy goals.

Of the hundreds of the exhibitors present at the event, PRL was one of sixteen companies that were invited to present their product to the Chinese media at the Release Meeting on the Information of Domestic and Overseas New Low-Carbon Products, Technology Projects and Buyers Purchase. Following the public presentation, PRL was invited by provincial news outlet, Guangzhou TV, to give a candid interview on how peat fuel's low-carbon impact over the product life cycle and its high-energy output can benefit China.

PRL was successful in garnering attention for their peat fuel project, celebrated with a public discussion with Guangzhou Vice Mayor Chen Mingde and Mr. Zeng Kaizhang, President of the China Council for the Promotion of International Trade (Guangzhou Committee). The meeting was covered by dozens of news outlets including Sohu, China's leading internet news portal; Phoenix Media, one of Hong Kong's top news services; and Guangzhou TV.

PRL and Global Perspectives will now begin follow-up discussions with numerous parties that demonstrated interest in peat fuel with the goal of securing long-term fuel supply contracts with Chinese power producers. Previously shipped quantities of peat test-samples will be made available for testing in Chinese facilities to confirm to potential consumers that peat pellets are a viable alternative fuel for use in coal-fired power plants and other industrial facilities.

PRL was formed to develop, produce and market peat fuel – a sustainable bio-energy resource. The company is active in the Canadian provinces of Ontario and Newfoundland & Labrador where it holds certain rights to large peatland areas. Its innovative wet harvesting process for production of peat fuel pellets is demonstrated at a pilot plant in Stephenville (Newfoundland), located close to deepwater ports suitable for international shipping.

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