New Global Energy, Inc. and Moringa Energy, LLC Announce the Launch of Moringa Reserve, LLC
May 03, 2016 at 12:53 pm EDT
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New Global Energy, Inc. Board of Directors approved the launch of Moringa Reserve, LLC to develop, operate, distribute and sell Moringa-based products to U.S. retail markets. Moringa Reserve, LLC will be operated as a joint venture and be owned equally by New Global Energy and Moringa Energy, LLC, whose principals are the owners of a large Moringa farm located in Leon, Nicaragua. The 180-acre farm is a leading source of nutrient rich Moringa and will provide Moringa Reserve access to quality Moringa in sufficient supplies to meet demand. The companies signed a definitive operating agreement and production is expected to begin in the second quarter of 2017.
New Global Energy, Inc. is a sustainable agricultural and aquaculture company. The Company focuses on the use of advanced technology and farming techniques. It is focused on optimizing internal growth, as well as completing acquisitions of firms, assets and properties in the green market space. The industry segments of interest to it include aquaculture, sustainable agriculture, solar, biofuels and carbon credits. It intends to develop aquaculture, the processes of farming of aquatic organisms such as fish, crustaceans, mollusks, aquatic plants and shrimp and sustainable agriculture, the practice of farming using principles of ecology, the study of relationships between organisms and their environment. It also intends to utilize non-centralized solar panels to produce power for its own use and to feed any excess power into the grid serving local power needs.
NEW GLOBAL ENERGY, INC. 
