Clenergen Corp.’s CEO Mark Quinn announced today that the company has signed a 90 year lease for 5,000 acres of land and the option rights to buy 145,000 more in the Co-operative Republic of Guyana in South America. The company will be using this land to cultivate fast growing micro-propagated elite strains of Paulownia for producing wood chips (biomass) for the production of clean electricity in the USA and Europe.

According to the press release, Clenergen secured the long lease of land after extensive research and development into various forms of feedstock for the purpose of generating clean electricity directly cultivated from plantation sources.

Mr. Quinn commented, “On a conservative estimate of 40 tonnes of biomass per acre, the company projects an annual supply of 6 (six) million tonnes by 2016. With the overwhelming demand for coal fired power plants to blend biomass to reduce carbon emissions, Clenergen intends to be a global supplier of high calorific wood chips for gasification and clean energy generation, particularly in Europe and the USA. GCI has experience with this species of tree since 1991 and is recognized has a world leader in Paulownia plantations.”

Earlier this year, Clenergen Corporation Ltd. acquired the assets of Enhanced Biofuels and Technologies Limited (EBT), which included but were not limited to three year’s research and development of non edible vegetable oils, algae, and biomass feedstock for the purpose of producing bio fuels and bio energy.

This combined expertise has concluded that the cultivation of high-density, short-rotation biomass crops on a commercial scale will result in:

(I) A cost of production competitive to the price of coal (measured in energy terms – MM/Btu)
(II) The effective use of a proprietary integrated plantation model
(III) The production of natural organic fertilizers from the byproducts produced at the site of the 1.5MW per hour Anaerobic Digestive Power plant in Tuticorn, Tamilnadu India. Operations are expected to commence in October-November 2009 and will produce an estimated 9000 tons of Ammonium Sulphate Fertilizer, which will be transported to the land under lease in India and shipped from the port of Tuticorin to port of Guyana.

(IV) A clean source of electricity through advanced gasification technologies.

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