LAS VEGAS, NV — (Marketwire) — 06/08/12 — Cleantech Transit Inc. (“Cleantech or the Company”) (OTCBB: CLNO) is pleased to announce that a byproduct known as Biochar, which results from the gasification process at the 500 KW Merced County plant, has been produced without any additional processing at the power plant.
Biochar is a fine-grained charcoal made by pyrolysis. Pyrolysis means heating biomass (wood, manure, crop residues, solid waste, etc.) with limited to no oxygen in a specially designed furnace that captures all emissions, gasses and oils for reuse as energy. Biochar has been used in agriculture for numerous years. Biochar is now being reintroduced to modern horticulture as a safe, sustainable soil amendment. When added to soil, biochar improves plant growth and crop yields while it reduces the total fertilizer needs.
Biochar typically sells for $200 to $600 per ton, according to the International Biochar Initiative.
President and CEO of Cleantech Transit Inc. Kenneth Bosket commented, “At 84% carbon, biochar is becoming an important source of carbon sequestration. The development and production of biochar has been undertaken without the financial assistance of millions of dollars in Government grants.”
The Company–s mandate is to create opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the alternative clean energy sector. With the growth in green energy initiatives, the Company has expanded its focus to invest directly in specific projects that will maximize shareholder value. Recent advances in the technology of converting wood waste into power have greatly enhanced the economic value of the company–s systems. A Biomass division was launched led by Phoenix Energy to focus exclusively on generating greater returns for manufacturing clients worldwide. For more information please visit the Company–s website at .
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