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GEECF / XETRA:GLI : Chinese Approval for MK-V Biosphere Process Systems Chengzhou Project

Global Environmental Energy Corp.
2006-11-29 08:57 189646

NASSAU, Bahamas, Nov. 28 /Xinhua-PRNewswire/ -- Global Environmental

Energy Corp (Bahamas) (Trading Symbols: Deutsche Bourse GLI (DE: GLI) -- USA

OTC Bulletin Board: GEECF) subsidiary Biosphere Asia Pacific has received

official approval from the State Environmental Protection Administration of

China for the operation of its new MK-V Biosphere Process System at Chengzhou

in Zhejiang province.

Acceptance of the MK-V technology by The State Environmental Protection

Administration of China is a momentous positive milestone in GEECF's

aspirations to become a World Leader in renewable energy. GEECF's endorsement

by the Chinese Government, a country with one quarter of the World's

population, and 378 cities with a population of over two hundred thousand

people is a breakthrough in GEECF's ambition to reduce global warming

providing future generations with a cleaner World. With this endorsement all

378 of these Chinese cities have been given the opportunity to convert their

Municipal Solid Waste to Electricity and other environmentally acceptable

products, meeting with the highest environmental standards in the USA, the

European Union and the Peoples Republic of China.

The Chengzhou MK-V Biosphere Process System project, which is projected

to cost USD$ 12 million will include a landfill water treatment plant to

treat inorganic and organic contaminants in ground water, landfill-gas

condensate, and water from other incidental sources to a potable standard.

The system will also include an ash treatment facility for the treatment and

conditioning of the residual pulverized fuel ash prior to its use in the

construction industry. The complete facility is being sited at the Liu Jia Ao

landfill in Chengzhou and is designed to process 400 tonnes of municipal

solid waste per day. Three biosphere flake production lines are being

installed to feed the systems, which in turn will power steam boilers driving

turbine-generators.

Biosphere Asia Pacific, own 51% of the Chengzhou project, revenue will be

derived from initial system sales, maintenance contracts and Biosphere's

participation in the operating profits. Additional ongoing projected revenues

received from tipping fees and the sale of electricity generated are

estimated to be USD$ 4.32 million per year. The project is 100% financed by

International Environmental Energy Corp and Biosphere (Shaoxing) Technology

Co. Ltd., of Chengzhou.

Global is a Bahamian Company publicly traded on stock markets in Germany

and the United States. Biosphere, a subsidiary of Global markets MK-III, MK-

IV and MK-V Biosphere Process System's. Global maintains a web site at

http://www.gli-geecf.com . This press release contains forward-looking

information within the meaning of Section 27A of the Securities Act of the

1933 and Section 21E of the Securities Exchange Act of 1934, and is subject

to the safe harbor created by those sections.

Source: Global Environmental Energy Corp.
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