Cleantech Transit, Inc. (CLNO)
There are various categories of biomass material, out of which there are five main basic materials,
1. Wood: Mainly obtained from forests and arboricultural activities.
2. Crops: Grown especially for energy conservation, these crops are found in massive amounts amongst vast rural fields.
3. Agricultural residues: Wastes produce from harvesting and processing.
4. Food: All the wasted food from industries during manufacturing process and also post consumer waste.
5. Industrial Waste: The natural or organic wastes coming from industries during manufacturing process.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
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