Renewable Utilities Industry | Utilities Sector | Dr. Albert T.D. Reynolds CEO | OTC PINK Exchange | BSP477251099 ISIN |
BS Country | 6 Employees | - Last Dividend | 5 Jan 2005 Last Split | - IPO Date |
Global Environmental Energy Corp., originally known as Life Energy & Technology Holdings, Inc., is a company focused on alternative energy sources, environmental infrastructure, electrical micro-power generation, and liquid fuel production. The firm has concentrated its efforts on the development and commercialization of technologies within the waste-to-energy sector, including electrical power generation and liquid fuel production. With a diverse portfolio in renewable energy solutions, the company aimed at providing innovative technologies for the conversion of a wide range of waste materials into energy. Based in Nassau, the Bahamas, the company navigated through a significant financial challenge, initiating Chapter 11 bankruptcy in May 2005, which was converted to Chapter 7 in June 2007, marking the company's transition towards liquidation. This move reflected the volatile nature of the environmental and alternative energy sector and highlighted the challenges faced by companies striving to innovate in this field.
The Biosphere Process System stands as the cornerstone of Global Environmental Energy Corp.'s product lineup. This waste-to-energy system is designed to tackle the issue of waste management and energy production simultaneously. It is capable of converting a broad array of waste materials—including municipal solid waste, agricultural or forestry surpluses or wastes, industrial or medical waste materials, and even traditional fossil fuels—into energy. The process encompasses multiple stages, such as automatic separation of metals and plastics, production of organic compost, and the heating of organic residue in an oxygen-deprived chamber to high temperatures. This comprehensive approach not only contributes to reducing waste in landfills but also generates energy in the form of electricity or liquid fuels, presenting a dual benefit to the environment. Global Environmental Energy Corp.'s marketing and operation of the Biosphere Systems spanned various regions, including Asia, Europe, the Americas, and the Philippines, indicating the company’s global outreach in providing environmentally friendly energy solutions.