Greenbelt Initiates CBE
project to produce bioethanol for CBD
extraction
"California BioEthanol (CBE)
Project" designed to produce a highly sustainable
ethanol
To Receive TEXT ALERTS On Greenbelt
Resources TEXT "GRCO" To 522-36
PASO ROBLES,
CA November 13,
2018 -- InvestorsHub NewsWire
-- Greenbelt Resources
Corporation (OTC:
GRCO) (Greenbelt) has announced commencing
Phase 1 of the "California BioEthanol
Project," a
three-phased initiative to convert Greenbelt's Commercial Scale
Testing Facility into a commercial-scale production
biorefinery.
Upon Phase 1
completion, the biorefinery
will produce
approximately 1.37 million pounds of protein concentrate and 75,000
gallons per year of bioethanol. Announced earlier this year, the
total estimated investment for the California
BioEthanol
Project is
$3.25 million.
"The demands of the
extraction industry for bioethanol, particularly in
California,
are now undeniable," says Darren Eng, Greenbelt's
CEO. "Greenbelt
has become a
preferred premium source because our proprietary
ECOsystem
model is
founded on a community-scale concept that's even more
environmentally friendly than organic. We transform unintended food
waste from local businesses, such as breweries and wineries, and
produce bioproducts,
such as amino acid rich protein concentrates to be sold to local
animal producers and bioethanol to be sold to the local cannabis
industry for use in extraction."
Eng estimates the production
facility will begin generating sales within the first eight weeks
of commissioning. Phase 2 will add a second production system
followed by Phase 3 that will expand the production capacity of
Phase 1 and reduce cost of per gallon production. Phase 3 will more
than double the bioethanol production to 200,000 gallons per
year.
Already, industry
demand has opened discussions about installing Greenbelt
ECOsystem
community
scaled systems all around the country starting with key areas of
demand in California
and
Colorado, but also in the northeast
and the south, where the CBD industry is exploding.
California's
cannabis industry alone is projected to be over $10.0 billion
annually by Arcview Market Research and author
Kenneth Morrow in The Extraction Evolution
writes that 90
percent of all cannabis produced and sold in the future will be
processed and extracted.
About Greenbelt Resources
Greenbelt Resources
Corporation is an award-winning provider of sustainable energy
production systems focused on delivering modular solutions that
enable the localized processing of locally generated waste
into locally consumed
products. Greenbelt designs, develops and
implements technology that makes the production of advanced biofuel
reliable, practical and efficient. Controlled by proprietary
automated controls, Greenbelt's small-scale, end-to-end
modular systems convert food, beverage and other cellulosic wastes
into commercially viable advanced biofuels (bio-ethanol), animal
feed, fertilizer and filtered water. For more information
visit www.greenbeltresources.com.
Forward-Looking Statements &
Safe Harbor
This document includes certain statements, predictions and
projections that may be considered forward-looking statements under
securities law. These statements involve a number of important
risks and uncertainties that could cause actual results to differ
materially including, but not limited to, the supply and demand for
biofuels, our ability to remain technologically competitive and
other economic, competitive and technological factors involving the
Company's operations, markets, services, products and
prices.
Contact:
Darren Eng, CEO
Greenbelt Resources Corporation
888-995-GRCO (4726 x 101)
darren@greenbeltresources.com
