Terra Energy Resources, Ltd. Announces Final Negotiations for Acquisition of Pennsylvania Oil Terminal for Production of Biodiesel
WEST HARTFORD, Conn., March 9 /PRNewswire-FirstCall/
Terra Energy Resources, Ltd. (OTC Bulletin Board: TRRE) announced today the final negotiations for the acquisition of an oil terminal located in western Pennsylvania. The acquisition will include land, buildings and equipment. The facility in question has a potential capacity of 24,000,000 gallons annually. We plan on producing biodiesel for use in home heating fuel while taking advantage of the incentives offered by the state of Pennsylvania for the production of alternative fuels.
“Biodiesel as a home heating fuel is a grossly overlooked market and we look forward to leading the way in its implementation,” stated Matt Conners of Terra Energy Resources.
Statements in this press release which are not historical, including management’s intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to the risk factors and other information set forth in Terra Energy Resources, Ltd.’s filings with the Securities and Exchange Commission. Actual results could differ materially from any forward-looking statements and may vary from management’s expectations and cannot be guaranteed.
SOURCE Terra Energy Resources, Ltd.