GreenGold Ray Energies (Symbol: GRYE) Forecasts Net Income Profits of About $11,765,865.00 USD per Year on 5,000 Hectares
09 Luglio 2009 - 3:15PM
Marketwired
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is forecasting a
net profit income of about $11,765,865.00 USD per year from the
company's current 5,000 hectares of jatropha plantations in
Mindanao Island. The figure accounted for and includes the total
gross incomes from the sale of pure Biodiesel Oil B100 of about
$9,839,884.00 USD; the sale of Jatropha Crude Oil of about
$7,925,163.00 USD; income from the by-products such as Jatropha
Press Cake of about $144,000.00 USD; and the sale of Jatropha
Residual (Glycerin) of about $1,152,000.00 USD. The earnings are
estimated to flow in by the end of 2009 or early Spring 2010.
Currently, GreenGold is fast tracking the final acquisition with
the construction of the Crude Oil Extractor & Processing Plant,
taking advantage of the increasing demand to produce more of the
jatropha crude oil first. The estimated completion of the crude oil
processing plant is within 45 to 60 days. GreenGold Ray is looking
forward to this very lucrative booming alternative and renewable
green energy industry, thus enhancing the company's
profitability!
Forecast
Jatropha Plantation 1,000 Hectares
No. of Plant per Hectare 2,500.00/ Hectare
Total Seedlings for 1,000 Hectares 2,500,000 +5% (2,750,000 Seedlings)
Quarterly Seed Production per
Hectare 3 Tons per Hectare
Total Yearly Seed Production, 1,000
Hectares 12,000 Tons
Weight of Seed per Liter of Jatropha
Crude Oil 2.5 kgs.
Total Yearly Jatropha Crude Oil
Produced 4,800,000 Liters or (1,268,026 gal.)
1 Liter of Jatropha Crude Oil after
Transesterification (B100 - Pure
jatropha Biodiesel) 800 ml Biodiesel
Total Yearly Jatropha Biodiesel
Produced 3,840,000 Liters Biodiesel or
(1,014,421 gal.)
Price of Jatropha (Crude Oil) $1.25 per gallon (crude oil)
Biodiesel (B100) $1.94 per gallon (B100)
Price of Jatropha Press Cake $4.00 per Ton
Price of Jatropha Residual $60.00 per Ton
Buying Price of Jatropha Seeds from
Growers $0.04/ Kilo
EXPENSES
--------
Planting Cost: $ 92,574.00
Oil Mill Cost: $ 770,191.00
Operating Cost: $ 596,272.00
-------------
TOTAL
Expenses $1,459,037.00
INCOMES
-------
Jatropha Biodiesel (B100) $1,967,977
Jatropha Crude Oil $1,585,033
@ $1.94/gallon (B100) &
$1.25/gallon (Crude Oil)
Jatropha Press Cake 28,800
Jatropha Residual (Glycerin) 230,400
----------
Total Gross Income: $3,812,210
Expenses (1,459,037)
-------- ----------
NET
INCOME $2,353,173/year/1000 Hectares
$2,353,173 X 5 (factor on 5,000 hectares) = $11,765,865 NET
INCOME on the 5,000 Hectares per year.
Jatropha Cultivation: Feasibility studies were done with a
reference report from the JatrophaWorld showing that (1) Jatropha
Oil Yield: Jatropha seeds yield 35% to 40% oil (2) Jatropha press
cake = 60% per ton of seeds (3) Jatropha Residual or Glycerin = 15%
to 20% per cubic meter of Jatropha crude oil (4) Jatropha Plant
Life Span: Jatropha takes approximately 8 to 12 months from
planting to first harvest, and the plant can thrive successfully up
to 40 years.
About GreenGold Ray Energies Inc.
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly
growing biodiesel, green technology, environmentally friendly,
alternative and renewable energy company. The Company had already
solidified its position through a highly successful land
acquisition program, acquiring large parcels of land through
working alliances and joint venture partnership with landowners and
growers, ideal for the cultivation of the jatropha curcas plant.
Jatropha curcas grows almost anywhere, even on gravelly, sandy and
saline soils. Jatropha oil can be processed to produce a
high-quality biodiesel that can be used in a standard diesel car,
jet plane, etc. while the residue can also be processed into
biomass to power electricity plants.
Jatropha is easy to cultivate. It can survive degraded soil and
in areas that are susceptible to long period of drought. Jatropha
is ideal for cultivation on marginal land, leaving prime areas
available for food crops.
Forward-Looking Statements
Forward-looking statements in this release include statements
regarding the Company's projections regarding biodiesel, biofuels
other alternative energy explorations and extractions in future
periods. Penny Stocks are highly speculative and may be unsuitable
for all but very aggressive investors. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT: Investor Relations: Jay Henry Phone: 718-785-9609 ext 1
E-mail: Email Contact URL: www.greengoldenergies.com
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