GreenGold Engages in GreenExergy

Uppsala, Sweden (PressExposure) February 14, 2009 -- GreenGold, one of the leading Swedish investment manager active in the global forestry-wood sector today announced thier joint investment with Skellefteå Kraft and Outotec in high energy recovery technology from biofuels. GreenGold Investment Group AB is a knowledge-intensive Swedish investment manager working to develop investments in the forestry-wood sector. GreenGold is believes that forestry-wood based products and energy will be obvious choices of the future. GreenGold bring global experiences and networks from industry, consultancy, research, governance and administration. The founders have in depth economical and technical expertise from the forest-product value-adding chains proven by both doctorate degrees and business adminstration degrees from top ranked European business schools.

GreenExergy is an exciting joint venture, with exciting partners in an exciting and growing market- bio energy generation! The companies Skellefteå Kraft and Outotec of Sweden, which are key players in GreenExergy, have a proven track-record as global leaders in technology development and implementation. The company will develop, market and deliver technology and engineering services for bio-energy plants and the production of energy from forest biomass. The company started in the first half of 2009.

GreenGold concentrates its efforts in a few strategic areas and companies to make best progress. Long term winners will have to prove sustainable development, and GreenGold is there to provide long term endurance. GreenGold works locally with strong players and use its´ global thinking and experience.

Skellefteå Kraft is one of the major producers of renewable electricity in Sweden and owns a number of hydro and cogeneration plants based on burning of biofuels. The company has developed a process technology for production of bioenergy by residues from forestry and sawmill. In two of their factories used this technology.

Outotec has extensive know-how and global experience in technology, sales, technology development, plant design and implementation of projects. Outotec will provide these services to the projects that are marketed and delivered by the new company.

Nordtherm is a consultant with long experience from the process design of energy plants based on biofuels.

Dr. Armas Jäppinen, CEO, GreenGold says "GreenExergy has an excellent opportunity to make a difference worldwide given the strong team behind the company. GreenGold looks forward to work with the partners and support GreenExergy in its best capability to become a leading global supplier of bioenergy solutions."

About GreenGold Investment Group

About GreenGold
GreenGold is a knowledge-intensive Swedish investment manager active in the global forestry-wood sector.

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Press Release Submitted On: February 14, 2009 at 5:00 am
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