USDA Putting Big Money into Advanced Biofuels
USDA Putting Big Money into Advanced Biofuels
SAN JOSE, Calif.--(BUSINESS WIRE)-- As Green Technology Solutions, Inc. (OTCBB: GTSO) explores the potential of advanced biofuels as a fuel option for U.S. consumers, the United States Department of Agriculture recently made a significant investment to aid that effort.
Farm Futures reports that the USDA announced last week it instituted a nearly $15.5 million payment program to 188 advanced biofuels producers in an effort to satisfy President Barack Obama's energy plan.
Developing advanced biofuels is important in reducing America's dependence on oil and to reduce emissions. GTSO, an environmentally conscious company with an ongoing interest in delivering "green friendly" solutions to a global market, has identified the profit potential of advanced biofuels.
"The USDA's payment program is an extremely positive sign that the need for an alternative fuel source is being taken seriously," GTSO CEO Paul Watson said. "It should be encouraging to GTSO investors and Americans in general that our government is putting its money where its mouth is when it comes to advanced biofuels."
According to a report compiled by advanced fuels group Environmental Entrepreneurs, advanced biofuels capacity for 2015 is 1.4 to 1.6 billion gallons of gasoline equivalent. In addition, private investment in the advanced biofuel industry totals over $4.85 billion since 2007.
Urban mining is pivotal to GTSO's vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation (NYS: CVA) , Industrial Services of America (NAS: IDSA) and Sims Metal Management Ltd. (NYS: SMS) . Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (www.gtsoresources.com) is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit the website at www.GTSOresources.com/investors.html.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
info@gtsoresources.com
KEYWORDS: United States North America California
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