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, http://www.silverado.com/. 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, firstname.lastname@example.org, www.silveradogreenfuel.com; Field Address, 3180 Peger Rd, Ste 270, Fairbanks, AK, 99709-5485, USA
SOURCE Silverado Green Fuel Inc.