Green Processing Technologies, Inc. Enters Into Oil Joint Venture
August 30 2010 - 3:37PM
Business Wire
Green Processing Technologies, Inc. (Pink Sheets: TMGR)
announced today that the Company has entered into a second
long-term Joint Venture Agreement with Edmonton, Canada, based
CREEnergy Oil & Gas Co. The Joint Venture is for the purpose of
development of the Canupaawakpa in-field oil reserves located in
Manitoba, Canada.
When asked to comment about this second JV Agreement with
CREEnergy, Chairman/CEO Stephen D. Cummins replied, “This agreement
moves GPTI forward on several technology implementation fronts. It
also positions the Company as a long-term partner of CREEnergy in
mutually beneficial and environmentally friendly development of
natural resources in Canada.”
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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