November 13, 2017 - 9:30 AM EST
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Greenkraft, Inc. (GKIT) at the Forefront of Environmentally-Friendly Alternative Fuel Market Rise

  • Alternative fuel market to reach $614 billion in five years
  • Faced with rising demand, Greenkraft set to expand production capabilities
  • Company’s eco-friendly engine gains California Air Resources Board recognition

With climate change becoming a growing threat and world leaders officially recognizing that carbon emissions are one of the main causes of this change, the global market for greener alternative fuels is expected to expand exponentially over the next few years. As part of worldwide efforts to generate clean energy, natural gas producers and natural gas associations are leveraging naturally occurring gases with a smaller carbon footprint than typical fossil fuels, while a growing number of companies in the field, including California-based Greenkraft, Inc. (OTCQB: GKIT), are focusing their efforts toward the development of alternative fuels and cleaner fuel systems.

Under the Paris Climate Accord, which was signed by 195 countries, signatories committed to taking action so as to slow down the global average temperature rise to below 2°C above pre-industrial levels – a goal that can be accomplished by eliminating or reducing the use of fossil fuels. It should be noted that some fossil fuels, such as naturally-occurring gases from compressed natural gas (CNG) and liquified petroleum gas (LPG), have a significantly lower carbon footprint than diesel or gasoline. CNG-fueled vehicles emit up to...

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Source: NetworkNewsWire (November 13, 2017 - 9:30 AM EST)

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