Global Green Solutions Inc. commenced operations in 2006 to develop and implement ecotechnology solutions for renewable energy generation and reduction of greenhouse gas emissions. The company commercializes Greensteam, a technology that produces industrial steam and electrical power from waste biomass with very low emissions. The company is publicly traded on the OTC Bulletin Board with ticker symbol GGRN. Global Green also jointly owned a development stage algae biomass growing technology to produce biofuel feedstock. However, to fully dedicate management time and company resources on its Greensteam unit the company discontinued its algae business in 2010. Global Greensteam LLC In 2007, Global Green Solutions completed an acquisition agreement with Greensteam Development Inc. Initially, the new business entity, called Global Greensteam LLC, was a joint venture with ITS Engineered Systems and The Onix Corporation. Global Green Solutions Inc. acquired 100% ownership after it purchased the 38% held by ITS Engineered Systems in 2007 and the 5% held by the Onix Corporation in 2008. Greensteam is a biomass (primarily orchard, forest and agricultural wood waste) to steam process technology. The produced steam can be used for industrial process purposes, or in applications to generate electrical power and provide heat for industrial, commercial and municipal consumers. The biomass to steam technology, developed by Global Greensteam, provides high energy transfer efficiency with ultra-low emissions and is able to produce steam at less cost than that produced with oil or gas fuels. Global Greensteam LLC is the technology, business and project development company which owns the process technology and licenses it to its project operating companies. The first Greensteam project is in early commercialization stage in the United States with full commercialization projected for 2011. Other project opportunities are being developed in Europe and North America. Greensteam - Aera Project Global Greensteam’s first commercial build, own and operate (BOO) agreement was signed in 2008 with Aera Energy LLC., a California-based joint venture owned by affiliates of Shell Oil Company and ExxonMobil. Aera Energy, one of California’s largest oil and gas producers, currently uses natural gas fired steam generators in its enhanced oil recovery operations. Because heavy crude oil doesn’t flow easily, steam is injected into the reservoirs to heat and make the oil more fluid, so it can be pumped up. In an initial phase, the Greensteam California project foresees replacing 15 of Aera’s gas-fired steam generators with 10 Greensteam waste biomass-fired steam generators, which will consume about 500,000 bone dry tons of biomass per year and generate 800 MMBTU (~235MWh) steam energy per hour. However, before commencing construction of the 10 full scale units, a quarter scale demonstration unit had to be built to test the performance of the Greensteam process and to confirm air emissions data which are required by the to grant the full project air emissions permits. With financial support from Aera Energy, Greensteam finished the construction of this demonstration unit in June 2010, after which the commissioning phase was initiated and is scheduled to be completed in September 2010. Performance testing requirements as specified by Aera, and air emissions testing requirements as specified by the San Joaquin Valley Air Pollution Control District are scheduled to be completed by the end of December 2010. A first permit application was submitted late August 2010 to the San Joaquin Valley Air Pollution Control District. The application documents expected reductions in greenhouse gas emissions and Greensteam's projected Best Available Control Technology (BACT) performance. According to the application, Aera will reduce its Greenhouse Gas emission rate by approximately 348,000 tons CO2 per year by implementing the Greensteam project. The application also concludes that Greensteam will establish a new BACT standard in biomass combustion for the following pollutants: Oxides of Nitrogen (NOx), Volatile Organic Compounds (VOC), Carbon Monoxide (CO) and Particulate Emissions (PM10, PM2.5). Global Green Solutions entered into an agreement with Korral Partners Ltd. (London) in March 2009 to raise $75.8 million in project and debt financing for the Greensteam - Aera program. The feedstock for the project will be biomass, which will be purchased under long-term strategic contracts from several large agricultural waste chipping companies located in proximity of the project. The company estimates a technical availability of 2.2m tons of preferred biomass feedstock within a radius of the site and up to 7.8m tons of all biomass in a radius. The project is located in western Kern County, in California’s Central Valley. This is one of the most productive agricultural areas in the US, especially in regards to tree crops, growing more than half of the country’s fruits and nuts. From 2007, the San Joaquin Valley Air Pollution Control District has implemented a gradual prohibition of open burning and land filling of tree crop biomass. To comply with the SJAPCD ruling, tree crop farmers contract harvesting, pruning and tree removal to local chipper and grinder companies, significantly increasing the availability of biomass feedstock in proximity of the site. California, under Governor Arnold Schwarzenegger, has taken a lead in climate change initiatives. The establishes a timetable to bring California into near compliance with the provisions of the Kyoto Protocol. The law requires that by 2020 the state’s greenhouse gas emissions are reduced to 1990 levels, an approximate 25% reduction. The plan to meet these targets was approved in December 2008. The AB 32 Scoping Plan has a range of greenhouse gas reduction actions which include direct regulations, alternative compliance mechanisms, monetary and non-monetary incentives, voluntary actions, market-based mechanisms, and an administration fee to fund the program. Regulations are set to become effective from January 2012. Global Green Algae In 2006, Global Green Solutions Inc. and Valcent Products Inc. agreed to form a joint venture to evaluate the algae to biofuels markets and technologies. The parties agreed that on the basis of a positive outcome, they would jointly invest in the first stage research and development of a closed loop, continuous process photo-bioreactor process. In late 2006, Global Green Solutions Inc. and Valcent Products Inc. formed a 50/50 joint venture, to be used as a vehicle for the technology and project development of the companies’ algae to biofuels business and to provide funding for a stage 1 research and development program. They acquired a site near El Paso, Texas, USA and built an R&D facility comprising an algae research laboratory and an algae cultivation process test area. The facility construction and equipment installation was completed mid 2007 and the stage 1 R&D program continued through mid 2009. Global Green Algae’s stage 2 R&D program is under development with new third party R&D and technology partners. This program will focus on the economic and operational sustainability issues of the algae growing process. Program funding is to be raised separately from Global Green’s Greensteam business from public/private partnerships, strategic operating partners and equity investors. Key management and directors Doug Frater - Director, President and CEO Doug Frater has over 30 years of experience in the energy industry in general management, sales, business and project development roles. Prior to joining Global Green in 2006 he spent 8 years with Honeywell International as sales vice president, Europe, Middle East and Africa and global director, oil and gas business and international projects for which he had resident assignments in Europe, Middle East and Asia. Doug’s focus for Global Green is business development, including strategic investors, new projects and complimentary new technology. His success is based on a disciplined evaluation of opportunities, an international network of business relationships and local market knowledge. Craig Harting - Chief Operating Officer Craig Harting has over 30 years of experience in the technology industry, developing and marketing new products and solutions to energy and industrial companies, and managing large projects and programs. Prior to joining Global Green in 2006, he spent 30 years with Honeywell International as vice president of operations, vice president of marketing and strategy, and vice president of the international business. Craig’s focus for Global Green is managing new technology development and launch, managing client project implementation, and managing the company’s marketing. His success is based on his proven track record in formulating strategies for complex technology-based products and solutions, effective communications, and disciplined execution. Arnold Hughes - Chief Financial Officer Arnold Hughes has over 30 years of experience in strategic planning, management consulting and finance. Prior to joining Global Green in 2006, he served as chief financial officer of the Connor, Clark & Lunn Financial group; and controller of Pexim Enterprises Inc. Arnold’s focus for Global Green is: stewardship of shareholders’ financial interests, ensuring the company’s business plans and actions are strategically and financially sound, ensuring complete integrity in financial and public company reporting, and ensuring appropriate safeguards and financial controls are in place. His success is based on broad financial experience, personal and professional integrity, and disciplined accounting processes and procedures. Elden Schorn - Chairman and Member of Board of Directors Elden Schorn has extensive experience in business-government relations and had executive positions with trade organizations representing Canadian manufacturers and the Canadian government. He previously served as vice president, B.C. Region, Canadian Manufacturers and Exporters Association, Canada's leading business network. He also served as consul and senior investment advisor to the Canadian consulate in New York. Robert M. Baker - Secretary and Member of Board of Directors Robert Baker has over 20 years experience in stock brokerage, as a registered representative with Canaccord Capital Corporation, a Canadian broker/dealer, corporate finance, and investment banking. He has served on the board of directors of numerous mining exploration companies including Tapestry Ventures Ltd.; Tapango Resources Ltd.; and Cierra Pacific Ventures Ltd.
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