To present an overview of its technology, its present state of implementation as well as an update on its additional initiatives, including but not limited to, the status of its asphaltite to diesel fuel bio-refining program, transesterification of ethanol into bio-fuels and bio-crude, environmental remediation, preliminary stages of carbon sequestration and its process to decontaminate gasses containing impurities

Geotec Inc. announced that it has signed an agreement with GreenCoal, LLC to enter into a joint business venture to facilitate the acquisition of coal sites and initiate a bio-refining process for the sale of coal hydrocarbons located in Illinois, Indiana and Kentucky, as well as other sites to be determined. Under the agreement, it is intended that Geotec's proprietary enzyme/protein technology will be applied to one or more sites identified by GreenCoal, LLC through bio-refinery units owned by Ecotec Coal, LLC. Each Ecotec facility will be comprised of bio-refinery units for the generation of revenues through the sale of bio-refined coal and the production of tax credits by reducing sulfur and nitrogen oxides and heavy metals pursuant to Section 45 of the Internal Revenue Code.