WASHINGTON, DC, Sept. 12 /PRNewswire-FirstCall/ - On Wednesday,
September 5, the House Science and Technology Subcommittee on Energy and
Environment held a hearing to consider the benefits of coal-to-liquid (CTL)
technology and the necessary steps for Congress to take in order to ensure
CTL is included as a part of the nation's energy policy.
In his opening statement, Subcommittee Chairman Nick Lampson (D-TX)
said, "I recognize there may be economic and strategic benefits of
advancing coal-to-liquid technologies from both the regional and global
perspectives. We need to have a comprehensive strategy to build an energy
future that is sustainable."
The Committee heard testimony from industry representatives as well as
environmental interest groups. Dr. David Dawkins, Director of the Natural
Resources Defense Council Climate Center discussed the water requirements
for production of "liquid coal." In his statement, Dr. Dawkins said,
"Liquid coal production requires large quantities of water...The withdrawal
and consumption of water in areas with water shortages will be a major
problem for this industry. Competing water uses, primarily for irrigation,
will be a major problem in the West where water rights are established and
water is considered a very valuable commodity..."
In response to this statement, Silverado Green Fuel Inc. President
Garry Anselmo commented, "This is another example of the advantages of our
hydrothermal treatment process. The concerns of Dr. Dawkins and others
regarding water usage are rendered moot because our hydrothermal treatment
process removes the inherent water from sub-bituminous coal and lignite and
then recycles it to the treated coal at the end of the process in creating
this liquid fuel. This allows our Green Fuel to require virtually no
additional water from external sources."
Committee member, Congressman Roscoe Bartlett (R- MD) asked the panel
members testifying why we needed to liquefy coal rather than burning it
straight from the mine. "This is another advantage of our Green Fuel,"
responded Anselmo. "The energy output of Green Fuel is much greater than
the originating coal. Additionally, the need is tremendous for a plentiful
and secure domestic source of fuel that can also serve as a feedstock for
the Fischer-Tropsch production of synthetic transportation fuels and widely
used petrochemicals. The abundance of coal in the United States, of which
half meets the requirements for our hydrothermal treatment process, offers
a unique opportunity to meet the important energy security needs of our
military and domestic economy."
Anselmo concluded, "I am very pleased to see the United States Congress
giving greater attention to this very important issue. The hearing held
last week in the House Science and Technology Committee demonstrates
Congressional commitment to seriously review the entire issue of
coal-to-liquids, and our hydrothermal treatment process. While we continue
to work with these Members of Congress, we are moving forward on our
Mississippi project. Our architectural and engineering firm is working on
finalizing the blueprints for the building and we are working our way
through the permitting process."
About Silverado: Silverado is an international company focused on Gold
and a new environmentally friendly Fuel Technology. Silverado has gold
properties located throughout Alaska, which include the 100% owned Nolan
Placer Gold Mine. The company is also entering the construction phase of an
environmentally friendly low cost strategic fuel demonstration facility.
Silverado's Green Fuel will be produced from low-rank coal and processed
into an environmentally friendly oil substitute. Silverado Green Fuel Inc.
is a wholly owned subsidiary of its publicly traded parent, Silverado Gold
Mines Ltd. For more information about Silverado Green Fuel Inc., please
visit http://www.silveradogreenfuel.com/ and the parent public corporation,
This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements are based on
management's expectations and beliefs, and involve risks and uncertainties.
These statements may involve known and unknown risks and uncertainties and
other factors that may cause the actual results to be materially different
from the results implied herein. Readers are cautioned not to place undue
reliance on the forward-looking statements made in this Press Release.
CONTACT: SILVERADO GREEN FUEL INC., Mailing Address, 1820 - 1111 W.
Georgia Street, Vancouver, B.C., V6E 4M3, CA, Toll Free: (800) 665-4646 or
(604) 689-1535, Fax: (604) 682-3519, email@example.com,
www.silveradogreenfuel.com; Field Address, 3180 Peger Rd, Ste 270,
Fairbanks, AK, 99709-5485, USA
SOURCE Silverado Green Fuel Inc.