BIOCRUDE TECHNOLOGIES, INC.
138 Anderson Avenue, unit 10
Markham, Ontario L7L 6B2
FOR IMMEDIATE RELEASE
February 02, 2009
BIOCRUDE TECHNOLOGIES, INC. CONTINUED PURSUIT OF WASTE TO ENERGY PROJECTS THROUGHOUT ROMANIA, THE UAE, INDIA & BANGLADESH
MONTREAL, Canada – BioCrude Technologies, Inc. has continued discussions, through its representative agents, with the Municipality of Bucharest, and with the Ministry of Environment, Romania. Feedback for the land requisitions and vocation concessions which were submitted in July 2008 is still pending.
The current world financial situation and its specific impact on the UAE (namely Dubai) have delayed the progress of on-going discussions with the interested parties.
BioCrude continues to seek opportunities to market its intellectual property and expertise. It has submitted additional proposals for corporate requests from conglomerates such as Punj Lloyd, India as well as other municipal/governmental requests. BioCrude has aroused the interest of the Municipal Corporation of Delhi (MCD) and the Municipality of Chittagong, Bangladesh, and has submitted proposals regarding their Municipal Solid Waste Management issues.
In summary, currently we are awaiting feedback from the following municipalities and/or government agencies:
- Dubai, UAE
- Abu Dhabi, UAE
- Bucharest, Romania
- Focsani, Romania
- Chittagong, Bangladesh
Serving the global community in the fight for reducing environmental abuse is a moral decision resulting in both environmental as well as financial benefits. The importance and growth of green technology ensure us of a healthy planet, and in recent years this fact has created stability in the environmental corporate future and has also created an interesting opportunity for investors. Banks and other large market managers have seen the potential in green technology companies, and consequently, their portfolios now include investments in these areas.
The Jaipuria Group’s business acumen and leadership have established an industrial empire with diverse interests in food & beverages, textiles, education, real estate, waste management & energy procurement, ayurvedic products, and manganese mining. Today Jaipuria’s portfolio boasts of association with majors like PepsiCo as bottlers. Leveraging on the trust of its associates, clients, and employees, the group is surging ahead towards a bright future.
For more information, please refer to Jaipuria Group’s website, www.smvjaipuria.com
Or contact Vaibhav Jaipuria,
BioCrude Technologies, Inc. has developed innovative, efficient, cost-effective, and environmentally friendly products and systems for waste management, for the reformation of waste material, and for the creation of renewable energy. The versatility and potential of the BioCrude technology have been demonstrated by the many uses that our R & D department has already tested and verified. The company utilizes expertise from established specialists and Institutions/Universities in order to develop new technologies and to refine those processes already in advanced stages of design.
The avenues that have been explored include sustainable and cost efficient methods that will increase both composting and bio-methanation yields and as well as decomposition rates, thus providing a higher quality of end products. BioCrude’s application focus includes waste treatment protocols for Municipal Solid Waste (MSW), for cellulose, and for all organic waste; improved the functioning of septic tanks; renewable energy sources (biogas, ethanol, and biodiesel); and waste water treatment.
Utilizing its intrinsic intellectual property and expertise in Integrated Waste to Energy Processing Complexes, BioCrude Technologies also specializes in is the reformation of Municipal Solid Waste (MSW). Understanding the non-homogenous nature and characteristics of the waste, distinct processes can be defined in order to handle its varied categories (MSW can be classified into organics, fuels, recyclables, inserts and others), once the waste has been efficiently segregated.
For more information, please refer to BioCrude Technologies Inc.’s website www.biocrudetech.com
Or contact John Moukas,
The adequacy, accuracy, and contents of this press release have not been reviewed, approved, or disapproved by any organized Exchange, and therefore exchanges cannot be held responsible for these contents.
Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with any activities related to BioCrude Technologies, Inc, all information released or received with respect to these activities may not be accurate or complete. The purchasing of securities of BioCrude Technologies, Inc. via its private placement memorandum (Regulation D or Regulation S) should be considered highly speculative.
All statements (other than those of historical fact) contained in this release are forward-looking, and, therefore, include certain risks (as disclosed under the heading “Risk Factors” and elsewhere in documents filed from time to time, as required by regulatory authorities) that could cause actual results to differ materially from initial projections.
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