Green EnviroTech Holdings (Geth) Executes Agreement With Ebbros Energy Partners, LLC
31 Mai 2013 - 10:01PM
Green EnviroTech Holdings Corp. (OTC QB: GETH)
announced today it has executed an agreement with Ebbros Energy
Partners, LLC. "Ebbros." Ebbros has signed a crude oil outright
purchase agreement with Phillips 66 Company to purchase
approximately 206 barrels per day of GETH's plastics crude oil that
is produced from recycling tires and mixed plastics back into high
grade oil.
Green EnviroTech entered into an Oil Production Revenue Sharing
Agreement with Ebbros Energy Partners, LLC in March of 2013. Ebbros
obtained the agreement with Phillips 66 Company "ConocoPhillips
Contract" to purchase approximately 206 barrels per day of oil
produced by Green EnviroTech Holdings.
A copy of the agreement can be seen on Green EnviroTech's
website here:
http://greenenvirotech.com/wp-content/uploads/2013/05/Phillips-66-Contract-4-05-2013.pdf
About Green EnviroTech Holdings Corp.
Green EnviroTech Holdings (GETH) is an innovative technology
company with a patent pending for recycling tires and mixed
plastics back into high grade oil, suitable for blending into most
products produced at a refinery.
The GETH Process to convert plastic and tires to oil uses
electromagnetic pyrolysis to produce GETH Oil, carbon black,
syngas, and steel. The use of electromagnetic pyrolysis facilitates
faster processing while causing no environmental impact. A standard
twelve system plant, utilizing 6 systems for plastic and 6 systems
for tire conversion, produces approximately 25,000 barrels of oil
per month. The company, headquartered in Oakdale, California, was
founded in 2008 by Gary De Laurentiis, an industry veteran and
award winning plastic recycling process designer.
Petrosonics, LLC is a privately held Nevada company. Petrosonics
has a diverse internationally patented technology portfolio that
include ultrasound assisted oxidative desulfurization and heavy oil
upgrade. The technology is designed to meet worldwide low emission
specification, which can be refinery based, desulfurization of
multiple streams and also includes transmix and alternative "green
oil" desulfurization processing. The technology has won the 2009
Financial News invention of the year for refinery processing.
For further information about the Company, visit
www.greenenvirotech.comand/or email info@greenenvirotech.com
Media services by: Vitellio Capital Communications & 18KT.tv
LLC
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.
CONTACT: Constellation Asset Advisors, Inc.
Jens Dalsgaard
Phone: 415-524-8500
Green Envirotech (CE) (USOTC:GETH)
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