I found this writeup on Market Digest Online. Check it out.
GLOBAL ENVIRONMENTAL ENERGY: (GEECF) $.535 Up $.115..... Our last update on GEECF was on March 27, 2008 when the stock was priced at $.38 cents. MDO first gave you GEECF on February 20, 2008 when the stock was priced at $.26 cents. Before today, the stock had previously traded to a 52-week high of $.48, reversed to below $.30 cents and with today''s close above $.50 cents has not only closed at a two year high but also a technical breakout on impressive volume of 1.5 million shares. Here''s what MDO told you on Feb. 20 when the stock was priced at $.26 cents.....
"Here''s a penny stock to watch. GEECF comes to MDO from one of our best institutional sources who informs us this one could be a flier. The stock traded up close to the $3.00 level a couple years ago and our source thinks it can do it again. Rumor is the company has lots of positive stuff going on with their fine coal recovery system. The usual stuff here - GEECF is a penny stock."
UPDATE - MARCH 27, 2008: Rumors have it that big news is coming concerning a multi-national consortium that is getting behind the technology for power generation and carbon credits. The company announced on March 17, 2008 that it had received a commitment from the Agricultural Bank of China to join the financing consortium funding the expansion of Shaoxing (Biosphere) Company Limited. Shaoxing already has a USD$600,000,000 funding commitment from the US Fund Conversion Consultants LLC. The initial CNY 70 million (USD $9.8 million approx) commitment from the Agricultural Bank of China, is the first substantial financial endorsement for the Shaoxing project from a mainland Chinese Bank. GEECF recently restructured its Chinese businesses to consolidate its revenue interest, acquiring 97.12% of the Shaoxing business which will see the deployment of 72 six megawatt per hour Biosphere Power Stations, with a complete capital investment of USD$1,440,000,000 and an expected EBIDTA of USD$1,061,961,993 per annum. This revenue is derived from tipping fees, electricity sales and the sale of Carbon Credits.
Shaoxing has been permitted by the State Environmental Protection Administration of China to build and operate its Biosphere Power Stations consuming municipal solid waste and generating saleable electricity anywhere in China. Biosphere Process Systems also consume coal mine wastes as a Clean Coal Technology generating electricity and tradable Carbon Credits. Global is a fully integrated energy company whose interests include electrical power generation, oil and gas exploration and production, clean coal and waste management technologies. "Carbon Credit" means a unit issued pursuant to the Kyoto Protocol as well as all other relevant International Rules and represents a GHG Reduction of one metric tonne of Carbon Dioxide Equivalent, calculated in accordance with the International Rules. "International Rules" means the UNFCCC, the Kyoto Protocol, the Marrakesh Accords, decisions of the CDM Executive Board, decisions of the COP/MOP and any successor or supplementary international agreements or decisions, as amended from time to time.
UPDATE - APRIL 8, 2008: The company announced last week "that with the ink barely dry on its last renewable energy contract, Georgia Power has now signed a long-term contract with another independent renewable generator that will produce electricity from landfill waste.
Georgia Power and Georgia Waste To Energy Cedar Grove LLC, in partnership with America''s Waste To Energy, penned a 10-year deal for electricity that will be generated from everyday household trash. The power will come from the Cedar Grove gasification facility in Barnesville, Ga. The material used to make electricity will come from household garbage delivered to the Lamar County Regional Solid Waste Landfill. The Cedar Grove facility initially will produce six megawatts of renewable energy annually and plans to expand its generation capacity to 18 megawatts within the year. Under the contract, Georgia Power will purchase 100 percent of the plant''s capacity. One megawatt is enough energy to supply a Super Target store or approximately 250 Georgia residences. This marks the first contract Georgia Power has signed for electricity generated through a gasification process. Gasification is the process in which a carbon-based, high-caloric material also known as "municipal solid waste" (MSW) (i.e., anything other than glass, masonry, or metals) goes through a thermal transformation process in an oxygen-deprived environment and is then converted into a variety of products such as inert ash, various chemicals, synthesis gas (syngas) and steam. This process will not only produce renewable generation, it will also clean the existing landfill.
"By tapping into the power of biomass gasification to make electricity, Georgia Power is not only doing what''s good for the environment but is also continuing to diversify its expanding renewable portfolio throughout the state," said Jeff Burleson, director of Resource Policy and Planning.
"This agreement essentially allows us to market the Biosphere system directly to cities, counties and governmental entities that are interested in landfill reclamation and utility generation," said Douglas Scott, managing member of GW2E. "The product''s ability to create a zero waste environment will give municipalities the ability to solve their environmental concerns while providing clean water and electricity to their communities."
Georgia Power also currently purchases approximately 22,500 annual megawatt-hours from a landfill methane gas plant in DeKalb County that produces electricity from household waste, nearly 90 percent of which has become part of the company''s Green Energy program. With the addition of this contract, Georgia Power''s energy portfolio includes contracts with seven qualified biomass and renewable facilities throughout the state that will generate 136 megawatts of capacity, or enough renewable energy to power more than 34,000 homes. These contracts include electricity generated from wood waste, landfill methane gas and hydro. Georgia Power also buys energy from eight other renewable sources when available.
AMERICA''S WASTE TO ENERGY partner, Global Environmental Energy Corp. (GEECF), is a fully integrated energy company whose interests include electrical power generation, oil and gas exploration and production, clean coal and waste management technologies. GEECF is publicly traded in Europe and the United States (Deutsche Borse: GLI, OTC Bulletin Board: GEECF) and maintains a Web site at www.geecf.ru. Georgia Power is working to increase its renewable energy portfolio both through the purchase of energy from renewable generators and through investments in self-owned renewable generation. Additionally, Georgia Power will invest $43 million annually in 18 different demand response and energy efficiency programs, including six new programs recently approved by the Georgia Public Service Commission. These programs are expected to reduce electricity demand by 1,000 megawatts by 2010. Over the past two years, through promotion of the Change a Light campaign, Georgia Power has distributed more than 200,000 compact fluorescent light bulbs to consumers across Georgia who have pledged to change at least one standard light bulb in their home to a compact fluorescent bulb. As a leader in the nation for ENERGY STAR Change a Light pledges, Georgia Power received the 2007 Excellence in ENERGY STAR Promotion Award. Georgia Power is the largest subsidiary of Southern Company, one of the nation''s largest generators of electricity. The company is an investor-owned, tax-paying utility with rates well below the national average. Georgia Power serves 2.3 million customers in all but four of Georgia''s 159 counties.
BOTTOM LINE: We''re hearing that there is much more to come! With toay''s technical breakout and new 52-week high, look for the $1.00 level in the near-term.
ABOUT THE COMPANY: Global Environmental Energy Corporation wants to improve China and other countries by turning their unwanted waste into energy. It also searches for oil and gas. The company''s alternative power generation technology uses waste from industrial, municipal, and agricultural facilities to produce electricity for its clients. Subsidiary Biosphere Development Corp has sold five Chinese Biosphere Process Systems in China. The company has applied for licenses to build and sell biosphere systems to local governments and energy companies in across that country. Subsidiary Sahara Petroleum Exploration explores for oil and gas in Africa and Asia. |
