Cleantech Transit, Inc. (CLNO)
Biomass is renewable, plants continue to produce more. There are massive amounts of biomass that are a waste product from agriculture and forestry that are typically discarded and go to waste. This material could be used as a source of energy. Biofuels are often from local sources so less expense and energy is consumed transporting them as opposed to other fuels that may have had to be shipped from thousands of miles away.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.
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