Green Processing Technologies, Inc. Enters Into Joint Venture
August 24 2010 - 5:03PM
Business Wire
Green Processing Technologies, Inc. (Pink Sheets: TMGR) (GPTI)
announced today that the Corporation has entered into a long-term
joint venture agreement with Edmonton, Canada-based CREEnergy Oil
& Gas Co. The joint venture is for the purpose of remediation
of toxic oil sands mining tailings ponds in the Ft. McMurray area,
within the province of Alberta, Canada.
When asked to comment about the JV agreement, Chairman/CEO
Stephen D. Cummins replied, “The Corporation is indeed pleased and
privileged to be affiliated with such an established and reputable
Canadian corporation in CREEnergy Oil & Gas Co. This agreement
is in line with our corporate strategic business development plan.
Green Processing Technologies is now positioned to establish its
proprietary fresh and salt water remediation technology in
Canada, in what we believe will prove to be a new world standard.
GPTI is fortunate that CREEnergy had the ingenuity and foresight to
be at the innovative environmental forefront in partnering with
GPTI.”
Green Processing Technologies, Inc. is first and foremost a
Green Technology development, fabrication and
commercialization corporation. GPTI technologies include power
generation, oil and sand processing, oil shale processing, inland
and salt water oil spill remediation, water remediation, water
desalinization and medical waste remediation, and e-waste
remediation.
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