GreenGold Ray Energies Inc. is a biodiesel, green technology, and alternative energy company. The Company has their U.S. office in Corpus Christi, Texas, as well as an office in Northern Mindanao, Republic of the Philippines. GreenGold Ray Energies acquired large parcels of land ideal for the cultivation of the Jatropha plant. Jatropha curcas grows almost anywhere, and Jatropha oil can be processed to produce a high-quality biodiesel. This biodiesel can be used in a standard diesel car. In addition, the residue can be processed into biomass to power electricity plants.
GreenGold Ray Energies Inc. is searching the Philippine Archipelago and other countries for opportunities to produce, market, and utilize renewable energy products such as bio fuels. In February 2008, the Company planted their first jatropha seedlings. This was on the 300 hectares of farmland in the island of Batan, province of Albay, South East of Luzon Island in the Philippine’s. The Company estimates the first harvesting season to begin this spring. Prime jatropha plantations are on the island of Mindanao. The Company has over 30,000 hectares of land confirmed for their jatropha plantations expansion.
GreenGold Ray Energies’ mission is to collaborate with the Philippines and the U.S.A. Government’s Energy Sectors, and local host communities, to acquire farmland for plantations and processing facilities of alternative energy products. The Company is working to create orderly and sustainable jobs in fiscally poor host communities. They are working to do this via the cultivation and production of their Jatropha biofuels.
On January 20, 2009, the Company said their theme “Fueling the Future” is the ultimate objective, to help make the world safe to live by leading in the production of acceptable clean fuel. They said their Jatropha oil product is the viable alternative answer to the use of hazardous gasoline additives and/or oxygenates. The Jatropha Oil Biodiesel has been tested in the aviation industry among others.
The Jatropha Oil Biodiesel was recently used by Air New Zealand in a successful test flight of a 50/50 mix of Jatropha and jet fuel oil last December 30, 2008. Earlier this month, Continental Airlines tested the use of Jatropha oil to power their new jet. GreenGold is currently fast tracking the expansion of their Jatropha cultivation and production industry into the U.S.A. This is in response to President Obama’s immediate creation and development of clean energy and alternative energy production.