GREENBELT RESOURCES And
DUCKWEED DAYS sign Contract
for Phase 1 of Andrew J.
Young Foundation DUCKWEED PROJECT
Paso Robles, CA -- April 12,
2018 -- InvestorsHub NewsWire
-- Greenbelt Resources
Corporation (OTC:
GRCO) (Greenbelt) and
Duckweed
DAYS, LLC have announced
the signing of
a contract to officially commence
the
inaugural Duckweed Project
that
will commercialize
the
duckweed
model
developed by the Andrew
J.
Young
Foundation (AYF). Greenbelt
will
expand
and refine the preliminary
system that was proven
successful during AYF's pilot program,
in which they invested $1.2 million. The findings were reported to
the USDA in 2017 in a feasibility study.
The total
Duckweed Project cost is estimated at
$14.0 million, of which
$5.0 million is budgeted for
Greenbelt's system and
technology.
The
initial design phase,
has
commenced with the funding
provided.
"Greenbelt
believes the Duckweed Project will
have a
global impact, and we are honored to work with world renowned Andrew J. Young Foundation
on such an important initiative," says Darren Eng,
Greenbelt CEO. "The market potential for Greenbelt's
ECOsystem model
has been further expanded
by AYF with
their designation of Greenbelt's
technology as
in integral part of the duckweed protein model. We believe our
technology, as part of the Duckweed Project, will play a
significant role in paving the way for duckweed to become a new
cash crop targeted to helping meet the demand of the rapidly
growing biobased industry."
Tests
conducted
during the AYF pilot program indicated
that protein extracted
from duckweed
was one of the
most nutritious vegetable organic protein with essential amino
acids, and the bio-refining process was efficient, sustainable and
economically viable.
"The
Duckweed Project is the culmination of several years of hard work
and commitment by the Andrew J. Young Foundation and its partners
who share a vision of the world with
a
sustainable, safe, and secure
food
supply for all; a world free of
malnutrition and rural empowerment," says Gaurav Kumar, director
special projects & risk management for AYF.
"With
introduction of the duckweed model a combined source of
biofuels and biobased protein
we expect to change the
world."
Greenbelt
has been an industry leader in feasibility feedstock testing. In
addition to demonstrating the viability of duckweed, the company
recently completed successful tests
on winery waste and
brewery
trub and found
them to
be suitable feedstocks for Greenbelt's
ECOsystem model. The company is currently
raising financing for two projects utilizing those
feedstocks: PRECO and the California
BioEthanol Project.
# # #
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.
About the Andrew Young
Foundation
The Andrew J.
Young Foundation is a 501(c) (3) community based non-profit public
charity that supports research and development on new technologies
that have the potential to create sustainable jobs and create a
more equitable society by empowering people living in poverty in
rural America, Africa and across the globe. In this pursuit, the
Foundation is currently focused upon finding sustainable solutions
for food security and malnutrition, reengineering agriculture,
traditional medicines, and inclusivity in the financial system for
the impoverished sections of society worldwide. These solutions
would empower underserved populations across the globe, introducing
increased equity and uplifting the quality of life in the society.
For more information visit www.andrewjyoungfoundation.org.
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