Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

When biodiesel displaces petroleum, it significantly reduces greenhouse gas (GHG) emissions. By one estimate, GHG emissions (including carbon dioxide [CO2], methane, and nitrogen oxide [NOx]) are reduced by 41%, if biodiesel is produced from crops harvested from fields that were already in production. When plants such as soybeans grow, they take CO2 from the air to make the stems, roots, leaves, and seeds (soybeans). After the oil is extracted from the soybeans, it is converted into biodiesel. When the biodiesel is burned, CO2 and other emissions are released and return to the atmosphere. This cycle does not add to the net CO2 concentration in the air because the next soybean crop will reuse the CO2 as it grows. When fossil fuels such as coal or diesel fuel are burned, however, 100% of the CO2 released adds to the CO2 concentration levels in the air.


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