Memorandum of Understanding with City of Terrace British Columbia
GV Energy Inc.Media Release 2009 Nov 30
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MEDIA RELEASEFor Immediate Release
Memorandum of Understanding with City of Terrace British Columbia
Moving Forward on the Development of a Dimethyl Ether Production Facility in the Skeena Industrial Development Park
CALGARY, Alberta (November 30, 2009) GV Energy Inc. has signed a Memorandum of Understanding (“MOU”) with the City of Terrace, British Columbia, Canada to acquire land in the Skeena Industrial Development Park.
The MOU establishes the guidelines under which GV Energy Inc. and the City of Terrace will negotiate a definitive agreement for the purchase of 100 hectares (approximately 250 acres) in the Skeena Industrial Development Park. The land is to be used as the site of a bio-refinery that will produce the renewable low carbon intensity transportation fuel Dimethyl Ether (“DME”). The bio-refinery will be designed to convert a minimum of 1,000 cubic metres per day and a maximum of 3,000 cubic metres per day of forest residue into DME using a commercially established thermo-chemical production process.
DME, when made from renewable forest residues, is a second-generation bio-fuel that combines high-energy efficiency and low life-cycle greenhouse gas emissions. DME powered compression ignition vehicles will be able to meet new emission restrictions to be imposed on diesel trucks by California and other jurisdictions because they produce almost no Particulate Matter, no SOx emissions and low levels of NOx emissions.
GV Energy Corporation
GV Energy Inc is focused on seeking and building energy and transportation fuel solutions that significantly reduce or eliminate harmful emissions and substantially contribute to reducing greenhouse gases thereby providing a positive impact on the world’s environment. Current project opportunities are centered on the production of transportation fuels from forest residue and other biomass waste that will meet low carbon intensity transportation fuel requirements and renewable fuel mandates. GV Energy Inc. is a private British Columbia corporation with executive offices in Calgary AB Can and is part of the GreenVision Management Services Group.
FOR FUTHER INFORMATION
Eric Switzer
Managing Principal
GV Energy Inc.
403.397.4657
eric.switzer@gvei.com
