VANCOUVER, Nov. 14 /CNW/ - Silverado Green Fuel Inc. (Trading Symbols,
OTC BB - SLGLF, FRANKFURT - SLGL, BERLIN - SLGL) : - Silverado Green Fuel
Inc., the world leader in low rank coal-to-liquid fuel technology, will
contribute towards America's energy self - sufficiency, security and domestic
energy supply. Low rank coal-to-liquid fuel has attained a high priority
status with the U.S. government, and Silverado's $ 26 million Demonstration
Plant Joint Venture with the State of Mississippi is expected to be on-stream
as planned. In the United States, low rank coal represents centuries of
domestic energy resources, and is currently a highly under-utilized resource.
Silverado has announced a $140,000 grant for further refining low rank
coal to liquid fuel technology, and has also recently launched an awareness -
building video explaining its technology process :-
In responding to preliminary interest received from several major China
energy corporations, Silverado Green Fuel Inc. is creating a "Silverado Asian
Business Development Team". This team will have the specific mandate to
explore opportunities relating to potential Asian joint ventures, strategic
partnerships, and investment, and the possible creation of Silverado Green
Fuel production facilities in China.
Silverado Green Fuel Inc. is in discussions, and close to an agreement,
to engage an experienced North America - China business facilitation group to
spearhead its Asian business interests, and report back to the Board regularly
with the results of its discussions and exploratory meetings with identified
major and multinational China - based corporations.
China is the world's largest coal producer and consumer. In 2005, the
country's output reached 2.1 billion tons, representing 40% of the world's
total production. China has increased its coal production in the last 10 years
by 959 million tons, almost equivalent to the world's collective growth.
Coal represents 90% of China's primary energy deposits. Experts predict
that coal will represent 50% to 70% of China's primary energy consumption in
the coming 30-50 years. China's total coal reserve is more than 1,000 billion
tons. Over a four year period, ending in 2002, domestic and foreign investment
worth 5.7 billion RMB ($ 769 million U.S.) was injected into the coal sector.
With increased domestic and foreign investment materializing in China's
energy sector, economic growth outpacing virtually all global trends, an
insatiable appetite for energy, and the need to deal with the country's
serious environmental issues, China's major coal, oil and energy companies,
are turning towards global technologies to help meet China's needs.
Silverado Green Fuel can respond to enhancing China's domestic energy
output, utilize China's abundant coal reserves, and produce fuel without
releasing any greenhouse gases, heavy metals or toxic substances into the
Silverado Green Fuel is produced using low rank coal as its resource
material. The Silverado technology creates Green Fuel without releasing any
harmful emissions into the air, and because low rank coal already has a
moisture content of 40%, most of the water used in Silverado's Green Fuel
Technology is actually recycled from the process itself, and re-used. Initial
production costs are estimated at under US$15 per barrel, on an oil equivalent
energy basis, compared to $90 - $100/barrel crude oil.
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, ammonia), 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 power plants.
Recent Media and Press Releases
Nov 7/07 : SILVERADO GOLD MINES LTD (SLGLF) IN POSITIVE TECHNICAL REPORT
ISSUED BY www.TradeSystemGuru.com
Nov 5/07 : NON POLLUTING $15/BARREL 'GREEN' FUEL BASE REPLACES
SKYROCKETING $90-100/BARREL CRUDE OIL This Press Release received widespread
coverage, including Yahoo!Finance, Los Angeles Times Business, bizjournals,
MarketWatch, MSN.Money, PR NewsWire, Excite Money and Investing, Comtex
NewsNet, MyWay, ADVFN, Chroncilcle.com Houston, EarthTimes, Centre for Energy,
Boise@mania, Breitbart.com, WFAA.Com Dallas, Myson.de Germany, and others.
Oct 31/07 : SILVERADO GOLD MINES LTD. (SLGLF) SqueezeTrigger PRICE IS
$0.099. APPROXIMATELY 143.4 MILLION SHARES SHORTED SINCE NOVEMBER 2005
ACCORDING TO Buyins.net RESEARCH REPORT
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 is also entering the construction phase of an environmentally
friendly low cost strategic fuel demonstration facility. Silverado's Green
Fuel will be produced from low-rank coal and turned into a environmentally
friendly oil substitute. 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, BERLIN - 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
Silverado Gold Mines Ltd. www.silverado.com
More Information ? http://www.silverado.com/investors/request/
This Press Release may contain, in addition to historical information,
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 expectations and
beliefs, and involve risks and uncertainties. These statements may involve
known and unknown risks and uncertainties and other factors that may cause the
actual results to be materially different from the results implied herein.
Readers are cautioned not to place undue reliance on the forward-looking
statements made in this Press Release.
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