SAN JOSE, Calif.--(EON: Enhanced Online News)--As Green Technology Solutions, Inc. (OTCBB: GTSO) explores the potential of advanced biofuels as a fuel option for U.S. consumers, the United States Department of Agriculture recently made a significant investment to aid that effort.
“It should be encouraging to GTSO investors and Americans in general that our government is putting its money where its mouth is when it comes to advanced biofuels.”
Farm Futures reports that the USDA announced last week it instituted a nearly $15.5 million payment program to 188 advanced biofuels producers in an effort to satisfy President Barack Obama’s energy plan.
Developing advanced biofuels is important in reducing America’s dependence on oil and to reduce emissions. GTSO, an environmentally conscious company with an ongoing interest in delivering “green friendly” solutions to a global market, has identified the profit potential of advanced biofuels.
“The USDA’s payment program is an extremely positive sign that the need for an alternative fuel source is being taken seriously,” GTSO CEO Paul Watson said. “It should be encouraging to GTSO investors and Americans in general that our government is putting its money where its mouth is when it comes to advanced biofuels.”
According to a report compiled by advanced fuels group Environmental Entrepreneurs, advanced biofuels capacity for 2015 is 1.4 to 1.6 billion gallons of gasoline equivalent. In addition, private investment in the advanced biofuel industry totals over $4.85 billion since 2007.
Urban mining is pivotal to GTSO’s vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation (NYSE: CVA), Industrial Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: SMS). Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (www.gtsoresources.com) is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit the website at www.GTSOresources.com/investors.html.
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