LONDON, Jan. 18 /CNW/ - Four Rivers BioEnergy Inc. (OCTBB: FRBE & OTCQB: FRBE) today announced that it has entered into a professional advisory
contract with TradeLink Solutions Ltd., a specialist in obtaining
accreditation from the UK energy regulator to produce renewable energy.
TradeLink has had a working relationship with the UK energy regulator
for many years. They have successfully obtained accreditation for over
450 renewable projects, including working on the approval processes for
at least five Liquid Biomass Projects.
TradeLink also has acted as advisor and negotiator for a number of Power
Purchase Agreements in the renewable energy sector, as well as
operating its own trading platform for Renewable Obligation
Certificates in the UK.
Stephen Padgett, Four Rivers Chief Executive Officer commented: "We are very pleased to have appointed TradeLink as our professional
advisor. Having already announced the planning consent from the local authority to proceed with our
Waste to Energy project at the end of 2010, we are now well poised to
complete the remaining approval and permitting processes working with
such highly experienced advisors."
Mr Padgett went on to say: "TradeLink's extensive commercial experience will strengthen the ability
of our team to negotiate very attractive deals for the sale of
renewable electricity, through structured Power Purchase Agreements. Their experience in
hedging out appropriate levels of risk in revenue streams such as
Renewable Obligation Certificates, will also add significant value."
About Four Rivers BioEnergy Inc.
Four Rivers BioEnergy Inc. is focused on realizing the potential to
produce and sell energy (in the form of electricity) from sustainable
waste and renewable feedstocks. The Company operates under the trade
name Verta Energy. Our business model involves the vertical integration of the energy
production cycle from feedstock procurement and processing through to
electricity generation and sale, all within one business model and on
integrated industrial sites. The Company is presently in the final
phases of completing its first Integrated Waste to Energy Plant on an
industrial site in the UK which it acquired in 2009.
To find out more about Four Rivers BioEnergy Inc (OTCBB: FRBE), visit
our website at http://www.riv4ers.com.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These statements are
based on management's good faith views and expectations when made.
Forward-looking statements are inherently subject to known and unknown
risks and uncertainties which, in the case of the company, include
raising adequate capital to continue operations, technology and product
development uncertainties, competition, cost and availability of
feedstock, and plant development and manufacturing scale up. Actual
results may differ, perhaps materially, from those discussed in the
forward-looking statements. The company discussed in this release is
not obligated to update its forward-looking statements or comment on
those differences. Readers are encouraged to refer to the recent public
filings of the company to further ascertain the risks associated with
the forward-looking statements. Readers are urged not to place undue
reliance upon such statements.
SOURCE Verta Energy
For further information:
Stephen Padgett, Chief Executive Officer
Tel: +44 (0)1642 674085
Fax: +44 (0)1642 674415
Martin Thorp, Chief Financial Officer
Tel +44 207 499 1730
Fax: +44 (0)1642 674415
PR Financial Marketing LLC
Tel: +1 713-256-0369
Corporate Profile, LLC
Tel +1 646 810 0608
Alvaro Novillo, Spanish Investor Relations
Tel +34 664 408 206