Green EnviroTech Holdings Corp. tire and plastic
Post# of 112
Press Release : Green EnviroTech Holdings Corp. – Mon, May 7, 2012 8:00 AM EDT RIVERBANK, Calif., May 7, 2012 /PRNewswire/ -- Green EnviroTech Holdings Corp. (GETH.PK) announced today that the tire and plastic to oil samples surpassed all of the required specifications and qualifications required by refineries enabling the oil produced to be sold commercially as crude oil. The last round of tests confirmed that with the installation of the additional equipment that the samples were processed through, the oil was well within the limits set by refineries in order for them to purchase the oil. CEO Gary M De Laurentiis stated, "We've been working with the tire and plastic conversion equipment manufacturer over the last 12 months processing several types of rubber and plastic materials and sampling the oil produced directly from the process. In addition we have been working with two equipment manufacturing companies that specialize in equipment for the oil industry that removes certain elements from the crude that are unacceptable to the refineries. After many trials we were able to get the oil to the required specification using the additional equipment. GETH utilized Intertek, a global testing lab who also works directly with the oil industry, and another lab, Cempro, to test samples over the past 6 months. The results of the recent testing were very positive. This a huge leap forward for GETH and our tire and plastic to oil project with Ebbros Energy Partners, LLC (Ebbros). The final step is to have the refinery retest and reconfirm the earlier findings so that an agreement to purchase the oil through Ebbros can be negotiated. Both Ebbros and GETH have been working with a major refinery to test the oil at their lab in CA. We are very encouraged at the progress we've made over the past year with this technology. Additionally GETH has secured feed stock supplies of tires and plastic for several locations in the US. With giant piles of tires in every state the supply of tires is infinite as is the amount of plastic that has no value and is not recycled." In July of 2011 Green EnviroTech Holdings Corp. signed a non-binding Letter of Intent (LOI) with Ebbros I Investment Group (Ebbros Energy partners, LLC), of Kansas City, Missouri. The LOI contemplates that Ebbros will develop the tire and plastic to oil plants, including all infrastructures, install all necessary equipment, and lease the same back to GETH. Ebbros will also purchase all oil produced at the plants, which is estimated to be in the region of 10,700 barrels per month at each site. The LOI further contemplates that the lease-back agreement is to be for a period of ten years or longer with GETH having a buy back clause during this period for the purchase of the physical site and equipment. Ebbros has also indicated its intention to work with GETH on a similar basis for all future tire and plastic to oil processing plants. To review the conversion technology please visit: www.YouTube.com . Type in "Green EnviroTech Holdings Waste Tires to Oil" and click on the tab for the three videos. Media services by: www.SmallCap1.com & www.EquityDigest.com & S.T.A.T. Safe Harbor Statement: This press release contains forward-looking statements. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words, such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. For a discussion of these and further risks and uncertainties, please see our filings with the Securities and Exchange Commission. We file annual, quarterly, and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other information that we file at the SEC's public reference room at 100 F Street, N.E., Washington, D.C., 20549. Please call the SEC at for further information on the public reference room. Our public filings with the SEC also are available from commercial document retrieval services and at the Web site maintained by the SEC at http://www.sec.gov . Please visit our updated web site: For investor questions please email:
Green EnviroTech Holdings Corp. tire and plastic to oil sample meets specification for resale
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