 |
COMPANY STRUCTURE |
|
|
Global is a fully integrated energy and utility company whose interests include traditional oil and gas exploration and production, alternative energy sources, environmental infrastructure and electrical micro-power generation through its subsidiaries, Sahara Petroleum Exploration Corp and Biosphere Development Corp.
Sahara, in partnership with the Chinese Yankuang Group of Companies is negotiating for and developing oil projects, primarily in Africa and Asia.
Biosphere in partnership with the Chinese Yankuang Group of Companies builds, commissions and operates electricity power generation stations in China and markets the Biosphere Processâ"¢ System as an alternative to traditional power station technologies.
Biosphere Asia Pacific is responsible for Biosphere manufacture, plant management, marketing and development in China.
International Environmental Energy Company is responsible for financing and investment and for managing relationships with local and national government in China whilst Biosphere Asia Pacific owns 51% of each of the local operating companies in China that are purchasing Biosphere Processâ"¢ System's. In addition Biosphere has recently acquired 45% of the newly formed Biosphere (HK) Company Limited, a joint venture with the Shenzhen YanFeng Coal Company Limited, a subsidiary of the Yankuang Group Holding Co., Ltd.
The Yankuang Group Co., Ltd., is engaged in coal mining, coal chemistry, electrolytic aluminum, real estate development, electricity generation, construction materials, mechanical process, environmental remediation, trading etc. The Yankuang Group Co., Ltd.'s subsidiary Yangzhou Coal Mining Company Limited is listed on the New York Stock exchange (NYSE:YZC), the Hong Kong Stock Exchange (Code number 1171) and Shanghai Securities Exchange (Code number 600188).
The Biosphere Processâ"¢ System provides for the conversion of waste materials (which includes municipal solid waste, coal tailings, coal mining wastes, agricultural or forestry surpluses or wastes, industrial waste materials or traditional fossil fuels) in a process that includes, initially, the automatic separation of metals and plastics, the formation of organic compost and the heating of the organic residue left from the separation process to very high temperatures in a separate chamber, which is deprived of oxygen. The heating of the organic waste in this manner (i.e. in an oxygen deprived environment) prevents combustion, smoke and odour, and transforms the waste into steam and other gasses, which then run a turbine to produce electricity. The remaining solid waste then becomes a pulverized powder, which can be sold as a by-product for use in the building industry.
The Company and its subsidiaries subcontract all of their manufacturing requirements. The Company has also sub-licensed Biosphere Asia Pacific to manufacture, sell and operate Biosphere Processâ"¢ Systems. These agreements will provide for turnkey manufacturing, installation and maintenance for the Biosphere Processâ"¢ Systems. I
In September 2005 Biosphere Development Corp. signed and exchanged an Agreement of Intent with the Shenzhen Branch of Yankuang Group Co., Ltd., and the Shenzhen Rayes Group Co. Ltd., to provide for the formation of two new joint venture companies, Biosphere Asia Pacific and International Environmental Energy Company. Biosphere Asia Pacific and International Environmental Energy Corp have entered into contracts to establish local operating companies in and sell Biosphere Process Systems to the City's of An Ji, Sui Zhou, Guang Chang, Rizhao City, Sheng Zhou, Jing De Zhen, Dong Xiang and Chengzhou. Biosphere has in December 2006 received official approval from the State Environmental Protection Administration of China for operations in China.
Approval to operate in China by The State Environmental Protection Administration of China is a momentous positive milestone in GEECF's aspirations to become a World Leader in renewable energy. GEECF's endorsement by the Chinese Government, a country with one fifth of the World's population, and 378 cities with a population of over two hundred thousand people is a breakthrough in GEECF's ambition to reduce global warming providing future generations with a cleaner World. With this endorsement all 378 of these Chinese cities have been given the opportunity to convert their Municipal Solid Waste to Electricity and other environmentally acceptable products, meeting with the highest environmental standards in the USA, the European Union and the Peoples Republic of China. |
|
|
|
This web site contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E
of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections.