Clenergen Corporation (CRGE.OB) Leases 5,000 Acres of Land and Option Rights for 150,000 Acres for Biomass Cultivation in Guyana
Clenergen Corp.’s CEO Mark Quinn announced today that the company has signed a 90 year lease for 5,000 acres of land and the option rights to buy 145,000 more in the Co-operative Republic of Guyana in South America. The company will be using this land to cultivate fast growing micro-propagated elite strains of Paulownia for producing wood chips (biomass) for the production of clean electricity in the USA and Europe. According to the press release, Clenergen secured the long lease of land after extensive research and development into various forms of feedstock for the purpose of generating clean electricity directly…