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).

Biomass is part of the carbon cycle. Carbon from the atmosphere is converted into biological matter by photosynthesis. Biomass is a sustainable and potentially environmentally sound resource. Biomass is considered to be one of the key renewable resources of the future at both small- and large-scale levels. It already supplies 14 % of the world's primary energy consumption. With increases in population and per capita demand, and depletion of fossil-fuel resources, the demand for biomass is expected to increase rapidly in developing countries. Growing biomass is a rural, labour-intensive activity, and can, therefore, create jobs in rural areas and help stem rural-to-urban migration. Extracting energy from biomass is an ancient practice, dating back to when people first burnt wood to provide heat and light.



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