GSV enters biodiesel industry

June 1, 2005

Grove Strategic Ventures Inc. (GSV), a Westport, Conn.-based oil and gas exploration company, has announced its decision to enter into alternative energies operations, more specifically the biodiesel industry. The company is considering manufacturing, trading and financing the industry in the United States and Europe. It also is considering potential joint ventures with active biodiesel companies.
GSV owns an interest in oil and gas properties in Texas and Louisiana directly and through a Texas-based subsidiary.

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