Renew Energy Resources Starts Preliminary work with RTP Environmental Associates for Permitting Legacy Oil New York
TAMPA, Fla.-- Renew Energy Resources, Inc. (Pink Sheets:REER - News) ("RENEW" or the "Company"), today announced that it has started preliminary permitting work with RTP Environmental Associates (RTP). This represents an essential milestone in the process of building a vertically integrated waste vegetable oil facility in New York City. RTP is a national leader in helping companies develop timely and cost effective approaches for permit application preparation, training, modeling analyses, ambient monitoring needs, as well as testing and analytical services to satisfy all regulatory requirements. With RTP’s assistance we anticipate a smooth permitting process, which will support our timeline of delivering BioDiesel in New York City in mid 2009.
Alex H. Edwards III, Renew Energy Resources CEO stated, "Our team has established a very specific list of milestones which are critical to a successful project in New York City. We are extremely pleased to have such an outstanding organization as RTP in our camp."
About Renew Energy Resources, Inc.
Renewable Energy Resources, Inc ("RENEW" or "the Company") is an alternative energy development company focused on converting non food based feed stocks into renewable energy. Non food based feed stocks include waste vegetable oil, corn oil, brown grease, animal fats, recycled plastics, and discarded tires. Renew is focusing on plants that are both origination and destination based. "Origination" plants are built near the feed stock source whereas "destination" plants are built near the point of use. Having a plant that functions as both an origination and destination plant simplifies logistics and creates a competitive market advantage in pricing and improved operating margins. RENEW vertically integrates renewable energy markets such as biodiesel, ethanol, solar and wind. Vertical integration will include facility ownership as well as facility management, off take contracts for the primary product produced, value added refinement of derivative products, distribution, sales, marketing and financing of export sales contracts. Management functions will include, marketing the fuels and other bi-products, maintaining a trained operational staff, OSHA compliance, quality control and all accounting functions. In return for the above functions Renew Energy, retains an equity ownership position in each project.
For more information about Renew Energy Resources visit
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
Contact:
For Renew Energy Resources, Inc.
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348
info@renewenergy.com
News
Renew Energy Resources' Legacy Oil, Florida Signs Production Partnership Term Sheet with Alabama Based EnerSight Fuels, Inc. 10/29/2008 | Press Release Renew's Legacy Oil New York Chooses Pacific Biodiesel Technologies as Technology Partner 10/16/2008 | Press Release Renew Begins Preliminary work with RTP Environmental Associates for Permitting Legacy Oil New York 10/15/2008 | Press Release See all News| Last | Change | |
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| REER | 0.030 | 0.000 |