The joint venture is for the purpose of development of the Canupaawakpa in-field oil reserves located in Manitoba, Canada.
Creenergy chairman/CEO Stephen Cummins said that this agreement moves GPTI forward on several technology implementation fronts and it also positions the company as a long-term partner of Creenergy in mutually beneficial and environmentally friendly development of natural resources in Canada.
Green Processing Technologies is first and foremost a Green Technology development, fabrication and commercialization corporation.
GPTI technologies include power generation, oil and sand processing, oil shale processing, inland and salt water oil spill remediation.