Green Technology Solutions, a growth-oriented company exploring rare earth minerals and precious metals production around the world, has been exploring the potential of advanced biofuels as a fuel option for U.S. consumers in the same timeframe as the United States Department of Agriculture has made a sizeable investment to aid that effort.
A Farm Futures report stated that the USDA announced last week it initiated a payment program to 188 advanced biofuels producers approaching a value of $15.5 million. The program was instituted in an effort to satisfy the requirements set forth by President Barack Obama’s energy plan.
The development of advanced biofuels is an integral factor in reducing America’s dependence on oil and subsequent emissions risks. GTSO, an environmentally conscious company with a vested interest in delivering “green friendly” solutions to a worldwide market, has recognized the enormous profit potential of advanced biofuels.
“The USDA’s payment program is an extremely positive sign that the need for an alternative fuel source is being taken seriously,” GTSO CEO Paul Watson said. “It should be encouraging to GTSO investors and Americans in general that our government is putting its money where its mouth is when it comes to advanced biofuels.”
According to a report compiled by advanced fuels group Environmental Entrepreneurs, advanced biofuels capacity for 2015 is 1.4 to 1.6 billion gallons of gasoline equivalent. In addition, private investment in the advanced biofuel industry totals over $4.85 billion since 2007.
Urban mining is pivotal to GTSO’s vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation (NYSE: CVA), Industrial Services of America (NASDAQ: IDSA), and Sims Metal Management Ltd. (NYSE: SMS). Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.
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