Peat Resources secures new exploration rights in Newfoundland

In Canada, Peat Resources announced it has secured new exploration rights for 36,075 hectares of peatlands in central and western Newfoundland. Twelve exploration licences were awarded by the Newfoundland Department of natural Resources for exploration and evaluation of prospective peatlands in the Botwood and Stephenville-St. Georges regions. Peat Resources Limited was formed to explore, develop and produce peat fuel as a sustainable bioenergy resource. It has developed an environmentally acceptable harvesting and processing system to supply consistent quality peat fuel in long-term contracts to utilities and other industrial operations for heat and power generation.

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