LOS ANGELES, CA -- 11/09/09 --
Pavilion Energy Resources, Inc.
(PINKSHEETS: PVRE) is pleased to announce that its Texas Wind Power JV has
proposed to buy or joint venture into a mothballed aluminum smelter in
Texas, which previously produced $700 million per year of aluminum from
imported alumina.
The refinery was recently closed due to the shortage of clean energy
supplies. The JV proposes to either provide zero-emissions electricity to
power the refinery as a third-party supplier, or alternatively to buy the
refinery for a written down amount, and re-open it.
The Aluminum smelter could provide between 750 to 1,500MW of base-load
demand for the JV's proposed wind farms on the South Texas coast.
The proposed smelter joint venture would produce $700 million per year of
the world's greenest aluminum.
Job Creation
The re-opening of the aluminum smelter would create 1,000 direct Central
Texas jobs and 10,000 indirect jobs in a region with high unemployment.
The proposed wind farms would create thousands more jobs in Corpus Christi
and Brownsville, for the next 25 years.
The JV's next generation wind power turbine promises to make large amounts
of zero-carbon electricity much cheaper than any other form of renewable
energy. This development promises to transform the electric power industry
and aluminum smelting business.
MidCap Mover Interview
CEO Peter Sterling's recent interview with midcapmovers.com discussing
Pavilion Energy Resources large-scale wind farm projects can now be seen on
www.midcapmovers.com, and www.pavilionenergyresources.com.
About Pavilion
Pavilion Energy Resources, Inc. (PVRE) is an emerging, energy development
company focused on developing large-scale, wind power projects in the US
and abroad. Current wind power proposals are pending in Texas, California,
Oregon and Japan. Wind power is capable of providing the world with a
substantial portion of the affordable, zero carbon electricity required
during the next millennium. PVRE has rights to a new wind turbine design
which promises to deliver a 400% increase in electricity per unit of
capital versus current designs. PVRE plans to leverage this turbine
technology to secure leases of large wind-farm acreage in regions with
substantial energy usage and then develop mega-scale wind and downstream
industrial-scale energy use projects.
About MidCap Mover
MidCap Mover is an interview series highlighting up and coming private and
public companies in a high definition, web production setting. In addition
to featuring online interviews, MidCap also has over 300,000 subscribers
who receive a weekly email on the new and exciting investment opportunities
featured in MidCap Mover's programming.
This Press Release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, as amended, and the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements include, but are not
limited to, statements regarding our current business plans, strategies and
objectives that involve risks and uncertainties that could cause actual
results to differ materially from anticipated results. The forward-looking
statements are based on our current expectations and what we believe are
reasonable assumptions. However, our actual performance, results and
achievements could differ materially from those expressed in, or implied
by, these forward-looking statements. Factors, within and beyond our
control, that could cause or contribute to such differences include, among
others, the following: risks associated with resource exploration,
competition, management of growth, new products, services and technologies,
potential fluctuations in operating results, international expansion,
commercial agreements, acquisitions and strategic transactions, government
regulation and taxation.
For further information, contact:
Peter Sterling
President
(323) 356-7777
Email Contact
