Business
Maple Leaf Receives $78,000 Chinese Government Grant
Maple Leaf Receives $78,000 Chinese Government Grant
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\n\n\n\nNov. 9, 2009 (Canada NewsWire Group) -- CALGARY, Nov. 9 /CNW/ -- Maple Leaf Reforestation Inc. (\"Maple Leaf\" or the \"Company\") is pleased to announce that it has been awarded a $78,000 Cdn (500,000 Rmb) grant from the Hunan Provincial Government for its organic fertilizer plant at Changde, Hunan.The grant is being issued from a five year Environmental Protection Plan Fund set up by the Environmental Protection Ministry of the Central Chinese Government in 2004 to improve the well being of the rural areas by providing assistance to companies implementing environmental improvement programs.Maple Leaf's organic fertilizer plant was one of 100 companies in the Hunan Province that applied for this year's grant. Maple Leaf's plant was one of only three companies that were selected to receive the grant. As such, both the provincial and central governments have high expectations for Maple Leaf to improve the local rural environment by continuing to build a high standard non-hazardous treatment system of livestock manure. This will greatly benefit the local population and will likely become a demonstration project of rural recycling & environmental improvement.Raymond Lai, President and CEO of Maple Leaf comments, \"Being one of only three companies to receive a grant out of the over 100 that applied really speaks to the quality and potential for our organic fertilizer plant\".With the Hunan Organic Fertilizer Plant developing, along with the Inner Mongolia Greenhouse and Xinjiang Alfalfa Operation, Maple Leaf now has three revenue generating projects primed for substantial growth in 2010.About Maple Leaf Reforestation Inc.Maple Leaf is a Canadian company operating four environmental related projects in China:1. a large-scale forest nursery in Inner Mongolia which is focused ongrowing value-added tree seedlings and alfalfa feedstock alongsidelandscaping and nursery products;2. a multi-faceted Xinjiang Yellowhorn tree project which will providefor the manufacture of bio-diesel fuel and cooking oil and complementthe fabrication of the ever demanding nutritious alfalfa feedstock;3. an organic fertilizer plant in the Hunan Province which will produceenvironmentally friendly bio-organic fertilizer; and4. a Flexi-Pipe distribution network to serve the oil and gas industryand other renewable energy industries.Maple Leaf is a wholly-...