Green Mountain Completes Beach Haven Fuel Terminal Business Assessment Report for C. Trade Group
July 07 2011 - 11:41AM
Marketwired
Robert Brehm, CEO of Green Mountain Development Corp (PINKSHEETS:
GMND), announced today that the company has completed its business
assessment report for rehabilitation and operation of the Beach
Haven Oil Terminal located in Berwick, Pennsylvania in the
Marcellus Shale region. The company reviewed facility alternatives
for fuel distribution, bio-diesel refining and natural gas well
brine water recycling with respect to environmental factors,
financial parameters, and integration with C. Trade's existing
logistics and fuel trading network and extensive experience in
water remediation and management.
The facility is strategically located and has five above-ground
storage tanks with a capacity of over 2.5 million gallons for
processing a variety of fluids. Previously the terminal received
refined products from pipelines, barges and trucks and distributed
petroleum products to third parties for delivery to home owners and
commercial outlets. The facility is large enough to add a
bio-diesel refining operation of 24MM gallons/yr or its tank
storage system could be converted to remediate and recycle brine
water used in gas well production. Recycling brine water for reuse
can significantly reduce the environmental impacts of discharging
the water into rivers and streams, a common practice in
Pennsylvania until earlier this year.
Brehm commented, "As part of the terminal operations team, C.
Trade CEO Nick Kontonicolas and I are reviewing the report to
determine the best market opportunity for a JV operation. While the
report recommends that the facility be repurposed for the recycling
of brine water due to pressing environmental concerns and need for
offsite recycling services, changing market conditions, political
climate and other considerations may require a different
alternative be adopted for the joint venture. We plan to have a
definitive implementation plan in place before the end of the
year."
About C. Trade Group C. Trade Group and
affiliates have interests in energy exploration and logistics, real
estate, transportation and technology with affiliated offices in
New York, Shanghai, California, Calgary, Athens, Jinzhou, China and
Abu Dhabi.
About Green Mountain Development Corp
Green Mountain Development Corp has licensed products and services
related to the energy and environmental sectors. More info at
www.GreenBizness.com.
The information contained in this press release includes
forward-looking statements. Forward-looking statements usually
contain the words "estimate," "anticipate," "believe," "expect" or
similar expressions that involve risks and uncertainties. These
risks and uncertainties include the company's status as a
development stage company with uncertain profitability, need for
significant capital, uncertainty concerning market acceptance of
its products, competition, limited service and manufacturing
facilities, dependence on technological developments and protection
of its intellectual property. The company's actual results could
differ materially from those discussed herein.
Investors and media contact Robert Brehm 619/488-3744 Email
Contact or Mr. Nick Kontonicolas (917) 297-5571 Email Contact
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