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.