TORONTO, Oct. 8 W2Energy-algae-plants
TORONTO, Oct. 8 /PRNewswire-FirstCall/ - W2 Energy Inc. (PINKSHEETS: WTWO), a developer of green energy, is pleased to announce its marketing arm has begun negotiating with several organizations and governments in the Caribbean to build commercial scale Algae bioreactor to produce biofuel. The company's Sunfilter Bioreactor is a low cost, low energy consuming bioreactor capable of producing biodiesel.
The algae for fuel market is a quickly growing market. Recently Exxon announced on CNN and through commercials that it is beginning to develop algae production for the production of fuel in the US. W2 Energy has already developed the technology and expects to have several production units in the Caribbean by the middle of 2010.
The significant number of sun hours in the Caribbean are ideal for the production of biofuel using the the W2 Energy Sunfilter bioreactor. The Company expects that the algae to biofuel program in the Caribbean will be a great success.
With the W2 Energy plant garbage becomes a renewable resource.
W2 Energy trades in the United States on the Pink Sheets under the symbol "WTWO". For further information, please contact Mike McLaren at (519) 341 3185 or www.w2energy.com.
NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and filings with regulatory bodies.
CONTACT: W2 Energy Inc, Info@w2energy.com, www.w2energy.com, Phone: (519) 341-3185
SOURCE W2 Energy, Inc