(Notícia em Inglês)
GreenGold Ray Energies (pinksheets:GRYE) announced today its revenue forecast for the next 5 years' cumulative sales of bio-diesel based on Jatropha.
According to management, based on current Jatropha bio-diesel prices and forecasted prices over the next five years, the company's revenue should reach $178 million by year five, whereby a total cumulative sales of $356 million are expected, making the company one of the leaders in bio-diesel production.
"Our forecasts are very conservative and if we continue to increase our harvest and plantation acreages, we could easily surpass those figures," said Manolo Tecson, CEO of GreenGold Ray Energies Inc. "The price for bio-diesel fuel will only increase due to the demand by world markets and again this will contribute the creation of a sustainable business for our shareholder for many years to come," further added Mr. Tecson.
GreenGold Ray Energies (pinksheets:GRYE) announced today its revenue forecast for the next 5 years' cumulative sales of bio-diesel based on Jatropha.
According to management, based on current Jatropha bio-diesel prices and forecasted prices over the next five years, the company's revenue should reach $178 million by year five, whereby a total cumulative sales of $356 million are expected, making the company one of the leaders in bio-diesel production.
"Our forecasts are very conservative and if we continue to increase our harvest and plantation acreages, we could easily surpass those figures," said Manolo Tecson, CEO of GreenGold Ray Energies Inc. "The price for bio-diesel fuel will only increase due to the demand by world markets and again this will contribute the creation of a sustainable business for our shareholder for many years to come," further added Mr. Tecson.