WILMINGTON, Del. and OTTAWA, March 24, 2014 (GLOBE NEWSWIRE) -- Purthanol Resources Ltd (OTCQB:PURT) is pleased to announce that a cultivated production of various oil producing plants is set to begin in Madagascar Africa and Quebec Canada this year. The quantity will be assessed on the terrain but it will be a minimum of 100 to 1100 hectares of land. The project is spearheaded by its President, Louis Pharand and Director of Communications, Serge Mersilian. They will document the growth and process of the plant until it is pressed into oil and sent to the industrial diesel facility in Richmond, Quebec.
This project will demonstrate that we do not need to depend just on one source of raw material but that we can initiate our own sources. This is another way to assess our independence and control our cost to give our clients the best quality product at a competitive market price. The goal of this project is to produce low costing oil, create jobs and stimulate the local economy. Purthanol stands for purity, quality and social responsibility. "This is the dream of Mr. Pharand and we will support his endeavor in Madagascar and in Quebec," said the Chief Executive Officer Mr. Stella.
About Purthanol Resources Ltd
Purthanol is a publicly traded company dedicated to investigating and developing green-technology fuel products. The production technology is based on the acquisition of the Purthanol Process for the ethanol product and Biocardel for the Biodiesel. Please visit www.purthanol.com for more information.
Other than statements of historical fact, included herein, all statements are forward-looking and involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results may differ materially from Purthanol expectations and filings made with the securities regulators. The Company does not assume any obligation to update or revise its forward-looking statements. No stock exchange, securities commission or other regulatory authority has approved or disapproved this information.
CONTACT: Mr. Serge Mersilian Director of Communications Purthanol Resources Ltd Tel: 302 288 0658
Source:Purthanol Resources Ltd