SOURCE: Global Earth Energy, Inc.
Global Earth Energy, Inc. Signs LOI; Plans to Install a Biodiesel Production Plant
BUFFALO, NY--(Marketwire - December 11, 2008) - Global Earth Energy, Inc. (
Global will rent the land necessary to produce 1 to 5 MGY of biodiesel, an alternative green energy fuel made from domestic and renewable resources such as soybean and vegetable oils. Global and ADI will agree that ADI will operate the plant and Global will sell the produced biodiesel under a production and fuels blending agreement.
The plant is strategically located in North Carolina to take advantage of the favorable climate, feedstock supplies and strong local demand. The southeast United States offers significant financial incentives to support the production of biodiesel.
Sydney Harland, President and CEO, commented, "ADI has a long standing reputation in the chemical plant construction and operation fields. I am extremely optimistic and excited to embark on an agreement with ADI. With the leasing of ADI's site, I believe Global can be a market leader offering the most cost effective, scalable and adaptive approach to biodiesel production."
About Global Earth Energy, Inc. (
Global Earth Energy's mandate is to build, own and operate green alternative energy technologies to aid the world's energy crisis and help relieve the green house effect. Global Earth Energy, Inc. plans to develop sustainable alternative energy sources that are situated close to the energy end users and tailored to their needs.
Forward-Looking Statements
Other than statements of historical fact, the statements included in this press release are forward-looking statements. Forward-looking terminology such as "will," "can be," "believe," "expect," "seek," "plan," or "anticipate." Forward-looking statements involve known and unknown risks and are subject to uncertainties and assumptions, and may include projections of Global Earth Energy's future financial performance based on growth strategies and anticipated business trends. Global Earth Energy believes the expectations revealed are reasonable; however, there is no guarantee for future results, performance, achievements, or level of activity. Results may differ materially to those reflected in the forward-looking statements. Forward-looking statements should not be read as predictions for future events. Factors such as funding, changes in consumer and business practices, and economic conditions can affect future results and are out of the control of Global Earth Energy. Global Earth Energy occasionally discusses risks and uncertainties in documents filed with the United States Securities and Exchange Commission and such documents should be considered. The forward-looking statements contained in this press release apply only to the date released. As conditions change, these forward-looking statements should not be relied upon. Unless required by law, Global Earth Energy is not obligated and undertakes no obligation to publicly release any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this release.
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