Wits COMPS Commissions Chinese Plant To Produce Ultra-Clean Fuel Using Advanced F-T Technology
Vancouver, B.C., Friday, November 7, 2008 -- Wits COMPS and Golden Nest have announced the successful commissioning and operation of the Baodan Liquid Fuels Plant in Baoji, ShaanXi Province China. The plant will produce liquid fuels, such as diesel and gasoline.
Under a memorandum of understanding (MOU) signed between Wits Comps and G4G Resources Ltd, the parties are working towards an exclusive agreement to implement the Wits COMPS technology throughout the world. (See press release dated 13 August, 2008).
“There are two milestones that Wits COMPS have clearly demonstrated with their proprietary technology; one being the underground coal gasification technology applied to the Linc Energy project in Australia, which has also successfully produced liquid fuels, and now the successful commissioning of the Baodan plant in China,” stated Basil Botha, President and CEO of G4G Resources Ltd.
The COMPS Golden Nest project was initiated in September 2004, and the construction of the plant was completed in January 2008. COMPS has now successfully commissioned the plant. The plant uses advanced Fischer Tropsch technology developed by COMPS at the University of the Witwatersrand.
The COMPS technology can be used to create ultraclean liquid transportation fuels from any hydro-carbon source including natural gas, biomass, coal, shale oil, and municipal waste.
G4G Resources announces that Basil Botha has been appointed Chairman, replacing Mr. Tony Wonnacott and Peter Arendt has been appointed Chief Financial Officer, replacing Mr. Mark Brown.
About G4G Resources
For additional information on G4G Resources Ltd., please visit the company’s website at www.g4gresources.com.
About Alternative Fuels Corporation
For additional information on Alternative Fuels Corporation, please visit www.alternativefuelscorp.com.
Forward-Looking Statement
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to G4G Resources Ltd., please refer to the Company’s 2007 Annual Report filed with SEDAR on April 23, 2008.
For more information contact:
Basil Botha
President and CEO
G4G Resources Ltd.
Tel: 604-602-9868
Email:
Michael Hepworth
VP Business Development
Alternative Fuels Corporation
Tel: 416-204-0352
Email:
