Cleantech Transit, Inc. (CLNO) Provides Update on Plans to Increase Competitive Edge in Growing Biomass Market
Cleantech Transit, a company engaged in advances in technology and manufacturing processes in the alternative clean energy sector, today announced that it plans to build and operate additional power plants as part of its business development strategy. These plans include the company’s continued development of its relationship with its current partner, as well pursuing new partnerships in the biomass area, which is forecast to grow to $53 billion by 2020 compared to $45 billion in 2010. Biomass power generation consumes more than 100 million tons/yr. of fuel, virtually all of which is waste or residue material that requires some form…