Green EnviroTech Holdings Corp. (GETH) Gets Top Pricing for Its Converted Tire and Plastic Oil That Can Be Sold to Any Major ...
16 Oktober 2012 - 3:00PM
Marketwired
Green EnviroTech Holdings Corp. (PINKSHEETS: GETH) announced today
that the tire and plastic to oil samples that were approved in May
2012 precipitated the pricing at the "Brent Crude" spot price. One
oil company stated that lab result qualities of all GETH's oil
samples were well within their specifications for their refinery.
CEO Gary De Laurentiis, stated, "This is very important step for
GETH. It was necessary to the next phase of our planning to firmly
establish the quality of what we are capable of producing. The
result is 'Brent Crude' pricing that averages $18 per barrel higher
than the NYMEX spot price. Our next step identifies the location of
the first plant, apply for permits, and work with investment
opportunities to fund the project. We are in the due diligence
phase with several funding sources.
"The Company's immediate effort is to identify the fastest route
to cash-flow operations. For the past 4 years, we've tested various
ways to convert no-value, difficult to recycle products, including
shredder plastic, with a view to convert that material into
compounded plastic resin and oil. Given the high level quality of
oil we have achieved, which was well above our expectations, we
will now focus on oil conversion only."
De Laurentiis also stated, "We have updated our website,
reflecting the Company's new focus and corporate milestones. We
expect our progress to be consistent over the ensuing months. GETH
is in the final stages for its first plant after years of
technology development. This is a very exciting time to be the
Company's CEO, witnessing my team's years of dedication to the idea
of alternative oil sources, cleaning up our landfills and creating
US jobs."
For further information about this release and the Company,
visit www.greenenvirotech.com and/or email info@greenenvirotech.com
and/or call Aimee De Laurentiis, #209-881-3532.
Safe Harbor Statement:
GETH cautions that statements made in press releases constitute
forward-looking statements, and makes no guarantees of future
performances and actual results/developments may differ materially
from projections in forward-looking statements. Forward-looking
statements are based on estimates and opinions of management at the
time statements are made.
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Contact: Aimee De Laurentiis Phone: 209-881-3523 Email: Email
Contact
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