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Greenbelt Resources Corporation (PINKSHEETS: GRCO) is continuing
to issue positive news and investors looking to possibly benefit
from the alternative energy sector should continue monitoring the
stock closely! Yesterday after the markets closed, the company
issued a press release announcing that Diversified Ethanol, a
subsidiary of Greenbelt Resources Corporation has negotiated
additional ethanol plant design Purchase Orders.
This is more good news for the company, as according to the
press release, one of the first of these Purchase Orders is a $12
million construction project based in Dade City, Florida in
conjunction with Diversified Ethanol's current California Client,
Master Recycling. Under the current Purchase Order Diversified
Ethanol has agreed to run and operate the facility for a period of
minimum 12 months or as needed; while at the same time maintaining
a 15% ownership of the facility. Master Recycling processes waste
both in Pomona, California and in Dade City, Florida.
This "new style" ethanol plant generates ethanol from food waste
as well as other post consumer waste. The plant's compact size
allows Diversified Ethanol to add an innovative water filtration
system. The water filtration technology is an extremely important
process in achieving an improved ethanol conversion, faster Local,
State and Federal plant permitting, and increased profitability.
The smaller waste-based plant designs achieve significantly
improved cash flow when compared to large corn-based ethanol
plants.
Master Recycling, in conjunction with Diversified Ethanol,
originally agreed that the first plant should be built in Pomona,
California. Where Plant designs had already been 75% completed.
However Diversified and Master recycling came to the conclusion
that it would be best for both companies to have the first plant be
built in Florida, due to increased construction cost and current
market conditions. Master's recycling operation in Dade City,
Florida offers far less permitting hurdles and requires lower
capital requirements for completion. Their operation in Dade City,
Florida has existing buildings and infrastructure needed for a
quicker ethanol plant adaptation for their waste based feedstock.
More information will be forthcoming as the project moves
forward.
The press release also states that Diversified Ethanol's
co-founder, Floyd Butterfield, an award-winning ethanol plant
designer, was recently featured in a New York Times article
regarding the design and marketing of home waste-based ethanol
conversion units. Mr. Butterfield states, "I am very excited about
our clean, earth friendly technology and even more excited about
the cash-flow numbers I have seen." Mr. Butterfield believes that
hundreds of small ethanol plants can be built nationwide.
Investors are urged to continue to monitor the progress of the
company! This week the company also reported that it has received a
purchase order to build and operate a 1.5 million gallon plant in
Omaha. Diversified Ethanol will own 20% of the plant for the life
of its operation, and the customer has plans to build additional
plants as well. Diversified Ethanol will build several highly
efficient ethanol plants, using new, innovative technology such as
membrane separation. The plants will be scalable utilizing the most
cost effective and efficient building composites and optimum
ethanol extraction processing.
The stock closed Thursday at Nine cents a share.
For Wall Street News Alert's in-depth profile of Greenbelt
Resources, visit
http://www.WallStreetNewsAlert.com/HotStocks/GRCO071708/default.aspx.
Qualcomm Incorporated (NASDAQ: QCOM) down 3% on 31.3 million
shares traded. Qualcomm Incorporated (http://www.qualcomm.com) is a
leader in developing and delivering innovative digital wireless
communications products and services based on CDMA and other
advanced technologies.
International Business Machines Corp. (NYSE: IBM) up 0.4% on
12.3 million shares traded. IBM helped pioneer information
technology over the years, and it stands today at the forefront of
a worldwide industry that is revolutionizing the way in which
enterprises, organizations and people operate and thrive.
Gilead Sciences, Inc. (NASDAQ: GILD) up 1% on 811.1million
shares traded. Gilead Sciences is a biopharmaceutical company that
discovers, develops and commercializes innovative therapeutics in
areas of unmet medical need.
Market Commentary:
"The Energy Department's Energy Information Administration said
in its weekly report that natural gas inventories held in
underground storage in the lower 48 states rose by 104 billion
cubic feet to more 2.31 trillion last week," stated Sonja Rudd in
Wall Street News Alert's daily commentary continued at:
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