Green Mountain Development and C. Trade Begin Development of Beach Haven Remediation and Project Site
CARLSBAD, Calif. – December 29, 2011 – Green Mountain Development Corp (Pinksheet: GMND), and C. Trade Group began the initial steps toward the development of a remediation and project site at the former Beach Haven Oil Terminal located in Berwick, Pennsylvania in the Marcellus Shale region. The facility is strategically located and has five above-ground storage tanks with a capacity of over 2.5 million gallons for processing a variety of fluids. The company has previously reviewed facility alternatives for various uses including water remediation and integration with C. Trade’s existing logistics and fuel trading network and extensive experience in water remediation and management.
On December 27, Nick Kontonicolas, C. Trade CEO, met with a Beach Haven official on site to review facility assets and discuss logistics of traffic flow into/out of the operation. They reviewed applications from the local planning commission office which will enable the commencement to remedy the environmental factors and establish the permit conditions required to reactivate the facility as a remediation and project site. Project signage was erected by Nick, to serve as an information resource via the posted company’s website at www.GreenBizness.com for all interested parties.
Beach Haven Signage - Nick Kontonicolas - December 2011
Robert Brehm, CEO of GMND commented, “As part of the terminal operations team, Nick and I are beginning the process of developing the site with C. Trade network partners and technology companies we met last month in Southern California. These partners have applicable technologies in water remediation, natural gas engines, and alternative solutions for processing fracking and drilling operation waste streams using closed loop facilities similar to those at the Beach Haven site. Our short term efforts are focused on integrating these technologies into a facility that solves pressing local environmental problems while providing significant revenue opportunities.”
Former Beach Haven Oil Terminal
Green Mountain and C. Trade are in the process of reviewing the plans for business development, rehabilitation and operation of the Beach Haven Oil Terminal located in the City of Berwick (Luzerne County), Pennsylvania. The company will review existing environmental reports, site assessments, and alternative product strategies and recommend business start up logistics for the client.
The facility has five above-ground storage tanks with a capacity of over 2.5 million gallons. Previously the terminal received refined products from pipelines, barges and trucks and distributed petroleum products to third parties for delivery to home owners and commercial outlets. This facility has extensive connections to the eastern pipeline system.
With higher oil prices and the increasing demand for alternative fuel products in the near vicinity, C. Trade brought this business opportunity to the table for consideration as a future joint venture operations project. As a first step, Green Mountain and C. Trade will be acting as a business oversight consultants to review the startup costs and profit potential from various fuel products such as bio-diesel. The project will also establish an East Coast presence for the company in fuel distribution logistics together with C. Trade’s existing logistics network.
The Fracturing of Pennsylvania – New York Times (11/17/2011) Article on Pennsylvania fracking is here.
