"world leader in low rank coal-to-liquid fuelChina Business Development Experts Contracted by Silverado Green Fuel Inc.
Nov 26, 2007 6:00:00 AM
VANCOUVER, Nov. 26 /PRNewswire-FirstCall/ - Silverado Green Fuel Inc. (Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL): - Silverado Green Fuel Inc., the world leader in low rank coal-to-liquid fuel technology, remains committed to America's energy self-sufficiency, security and domestic energy supply. Silverado is a partner in an upcoming $26 million Demonstration Plant Joint Venture with the State of Mississippi. In the United States, low rank coal represents centuries of domestic energy resources, and is currently a highly under-utilized resource.
Silverado Green Fuel is produced without releasing any harmful emissions into the air. Initial production costs are estimated at under US$15 per barrel, on an oil equivalent energy basis, compared to current $90-$100/barrel crude oil prices.
A Silverado Green Fuel production facility can be established anywhere in the world where there is a supply of low rank coal, combined with a need for environmentally friendly and reasonably low cost, readily available energy. China is one target market that Silverado has identified.
The company is pleased to announce that Synergy Management Group Ltd. has been contracted to spearhead its "Silverado Asian Business Development Team". Synergy is a North American-China consulting firm specializing in joint ventures, strategic partnerships, and investment. Synergy maintains offices in North America, and Associates in China (Beijing, Hong Kong, Shanghai and Xian).
Synergy represents an extensive network of key China-based contacts. The company's North America-China, deal-making expertise has assisted a number of other North American companies in successfully accessing the China marketplace. Synergy also delivers 'Think China' government and business workshops, and provides corporate mentoring.
Coal represents 90% of China's primary energy deposits. Experts predict that coal will represent 50% to 70% of China's primary energy consumption in the coming 30-50 years. China's total coal reserve is more than one trillion tons.
China's economic growth represents an insatiable appetite for energy, and creates environmental issues. China's major coal, oil and energy companies, are turning toward global technologies such as those offered by Silverado Green Fuel Inc. Silverado can respond to enhancing China's domestic energy output, utilizing China's abundant coal reserves.
Green Fuel can be used to power oil-fired power plants directly, or be used as a feedstock for further processing to produce transportation fuels (jet, diesel, gasoline), key agricultural compounds (fertilizers, synthetic petrochemical feedstocks, urea), industrial products (oils, lubricants, synthetics) and even consumer products (plastics, packaging, etc.). Silverado Green Fuel can also be further processed to produce pure, clean hydrogen to power fuel cell automobiles and electric generation (power) plants.
Silverado Gold Mines Ltd.
Silverado is an international company focused on Gold and a new environmentally friendly Fuel Technology. Silverado has gold properties located throughout Alaska which include the 100% owned Nolan Placer Gold Mine. Silverado Green Fuel Inc. is a wholly owned subsidiary of its publicly traded parent, Silverado Gold Mines Ltd. Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL
Suite 1820 - 1111 West Georgia Street, Vancouver, British Columbia,
Canada V6E 4M3, Telephone: (604) 689-1535, Facsimile: (604) 682-3519
Silverado Green Fuel Inc. www.silveradogreenfuel.com
To learn more about Silverado Green Fuel, and the Process, visit:
https://www.youtube.com/watch?v=x55tGfJHKzo
Silverado Gold Mines Ltd. www.silverado.com
More Information? https://www.silverado.com/investors/request/
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