With heightened tensions in the Middle East expected to push oil prices to their highest levels in years, Green Technology Solutions, Inc. (OTCBB: GTSO) is aggressively looking into the more economical option of advanced biofuels.
A potential military strike by the United States against Syria is expected to elevate oil and gasoline prices to unprecedented heights. GTSO, an environmentally conscious company with an ongoing interest in delivering “green friendly” solutions to a global market, is exploring the option of comparatively inexpensive biofuels, assets that have the potential to figure prominently once again amidst current global chaos.
Advanced biofuels made from non-food crops are renewable transportation fuels that can replace traditional gasoline and diesel at a competitive price with significantly lower greenhouse gas emission. Used increasingly for automobiles and airplanes, advanced biofuel production has seemingly unlimited growth potential.
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.
“The situation in Syria is a major concern for everyone,” GTSO CEO Paul Watson said. “Oil prices are sure to rise as a result, which in turn will push gas prices to all-time highs. GTSO is looking into a way to offset some of that cost for consumers, and we believe advanced biofuels may be the answer.”
Urban mining is pivotal to GTSO’s vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation (NYSE: CVA), Industrial Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: 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.
Paul Watson, 408-432-7285
President and CEO
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