Los Angeles, CA (PRWEB) February 7, 2007
Recently on the occasion of the India's Republic Day on January 26th, 2007, the Governor of California, Arnold Schwarzenegger, honored Gurminder Singh, Co-Chairman of the Green Technology Institute.
Governor Arnold Schwarzenegger in honoring Gurminder Singh indicated the various challengers ahead for California, America and its growing partnership with a energy hungry developing world. California Governor said, "The debate is over. We have the science. We see the threat. And we know the time for action is now!" California Gov. Arnold Schwarzenegger told a rapt audience of hundreds of mayors, politicos, environmentalists, biofuels and fuel-cell geeks gathered at San Francisco's City Hall. The governor is leading the way to announce his support for alternative energy, biofuels, green and environmental technologies to counter the threat of global warming and increases in greenhouse gases by implementing elements of the Kyoto Protocol Treaty by introducing his own Californian strategy for managing greenhouse and carbon emissions.
"If California were a nation, it would be among the 10 largest sources of greenhouse gas pollution worldwide, according to the Natural Resources Defense Council, an environmental advocacy group. So the Republican governor signed an executive order setting ambitious new greenhouse-gas emission reduction targets for the state. They would reduce California's greenhouse-gas emissions to 2000 levels by 2010, to 1990 levels by 2020, and to 80 percent below 1990 levels by 2050."
The Governor added, "Gurminder Singh and the Green Technology Institute have undertaken the hard work over the last few years to develop a "Going Green Strategy" by assisting emerging US-based green businesses develop their overall strategy to expand their abilities to attract capital, market their products and services to municipalities in the US and explore global business opportunities worldwide. Due to his efforts US businesses are winning multi-million dollar contracts abroad to produce ethanol, implement renewable energy and biomass-based co-generation plants. Mr. Singh's vision, effort and assistance to Californian green businesses is greatly appreciated as it's leading to the creation of new revenues and jobs for the great State of California today and for the rest of the nation tomorrow.
In accepting this honor from the California Governor, Gurminder Singh stated, "Breakthrough technologies to realize the potential of cellulosic biofuels can be expedited by application of a new generation of biological research created by the genome revolution. Overcoming barriers to development of these fuels on an industrial scale will require high-performance energy feedstocks and microbial processes, both to break down feedstocks to sugars and to ferment sugars to ethanol. A focused set of investments linking revolutionary biofuel technologies with advances from the biological, physical, computational, and engineering sciences will quickly remove barriers to an efficient, economic, and sustainable biofuel industry. This will in turn create new business opportunities for these pioneering green biofuels companies but also create the impetus for greater creativity and innovation for other pioneering companies in the clean, green and environmentally friendly companies that are the horizon". The marketplace for global alternative energy, biofuels, green, clean and environmental technologies represent a USD$650 billion for US-based companies.
"One reason that biofuels have achieved such a high place on the global agenda is that demand for energy is rising and is certain to continue to rise in the coming decades. Energy use is predicted to jump in many parts of the developing world, where use of marketed energy has been very low until now. Indeed, some 2.5 billion people still have little or no access to modern energy. The growing potential of biofuels appears to create a substantial opportunity for the world's farmers. Can small-scale farmers and poor people in developing countries take advantage of this opportunity? The Green Technology Institute is committed to working with US-based green entrepreneurs to export their products, services and expertise to developing countries like India in order to reap the benefits of creating jobs and developing expertise for advance green technologies in the US."
As a result of a recent fact finding business tour arranged by Gurminder Singh, senior executives of APTO, Inc visited New Delhi and met with various Indian Federal Ministers, State level Chief Ministers and other Permanent Secretaries of various ministries to explore opportunities in India's expansion into the alternative energy and biofuels marketplace. These meetings led to the initiation of business negotiation with Indian state-owned and private companies' partners to soon establish APTO Biofuels India to initially invest USD$150 to 200 million in the first phase to acquire sugar mills, expanding them into ethanol refineries and developing 3 to 6 Integrated Biorefinery Complexes. In the next phase, APTO Biofuels India will expand to a total of 20 Biorefineries at a total investment of USD$1.3 Billion. Plans for are afoot to expand this initial success by co-operating and working with US Department of Commerce's International Trade Administration of the United States Department of Commerce in organizing a Clean Energy Technologies Trade Mission to India and China, April 18-25, 2007, to be led by Assistant Secretary of Commerce for Market Access and Compliance, David Bohigian. The trade mission will target a broad range of clean energy technologies such as renewable energy, energy efficiency, clean coal and distributed generation.
Assistant Secretary of Commerce for Market Access and Compliance, David Bohigian commented, "With the rapid growth of India's economy, demand for energy in India far exceeds its growth in supply. Rising energy prices, worsening pollution problems and energy security risks have created a critical need for investments in clean energy. The Government of India has prioritized the development of renewable energy. The following factors support the growth of the Indian renewables sector: the large demand-supply gap in electricity; abundant renewable energy resources (solar, wind, biomass, and hydro); low gestation periods for establishing renewables projects; conducive government policies; availability of numerous financing options for capital equipment; and increasing industry awareness of the benefits of environmental responsibility. The market in India for renewable energy is growing at an annual rate of 15 percent, creating strong and diverse business prospects for U.S. renewable energy and biofuels companies."
The Green Technology Institute is the brainchild of Gurminder Singh and Les Hamasaki, the Managing Director of The Tom Bradley Legacy Foundation, part of the Tom Bradley International Hall at UCLA. The institute works with various US and International local, state and federal level initiatives to showcase viable solutions, innovative entrepreneurs and their green technology development companies. The Institute is committed to reducing America's dependence on foreign oil and developing energy efficient technologies for buildings, homes, transportation, power systems and industry. Its mission is to strengthen America's energy security, environmental quality, and economic vitality in public-private partnerships that make a difference in the everyday lives of Americans by enhancing their energy choices and their quality of life. Programs are conducted in partnership with the private sector, state and local government, USDA, Dept. of Commerce, DOE laboratories, universities and other stakeholders.
Green Technology Institute;
An initiative of
The Tom Bradley Legacy Foundation;
Tom Bradley International Hall at UCLA
For US Trade Mission Contact:
U.S. Commercial Service - U.S. Department of Commerce
Clean Energy Mission Website: