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Article Excerpt
M2 PRESSWIRE-30 June 2008-StockProfiler.US: Energy Stocks on the Radar: WTWO, PTR, PRC, VYEY(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:30062008
New York, NY -- W2 Energy Inc. (PINKSHEETS: WTWO); The China National Petroleum Corporation (SSE: 601857) (NYSE: PTR); Petro Resources Corporation (AMEX: PRC); Victory Energy Corporation (OTCBB: VYEY)
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W2 Energy Inc. (PINKSHEETS: WTWO) closed at $0.069 Friday, trading 69,600 shares.
Company News- June 30, 2008: W2 Energy Inc. to Form Biodiesel Subsidiary
Earlier today the following was announced:
W2 Energy Inc. (PINKSHEETS: WTWO), the leading worldwide provider of micro and mini waste-to-energy technology, has formed a subsidiary which produces biodiesel. The new company will build and operate biodiesel plants throughout North America.
The new plants will use magnetic pulse cavitation technology to produce the biodiesel.
"The magnetic pulse technology uses less energy, less methanol, and creates a more pure biodiesel," says Mike McLaren, CEO of W2 Energy. "We are excited to bring this new technology into the marketplace." Biodiesel production requires large amounts of methanol. W2 Energy's biodiesel plants will not buy methanol; they will create their own methanol from on-site waste to liquid fuel plants, which will turn municipal solid waste, tires, agricultural waste or even human waste into methanol.
"On-site methanol production allows W2 Energy to produce inexpensive biodiesel," says McLaren. "It also helps preserve the planet. We produce the fuel we need while getting ride of the waste we don't." This...
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