GREENBELT RESOURCES EXECUTES LETTER OF INTENT WITH NEW YORK BASED COMPANY FOR CUTTING EDGE WASTE-TO-BIOPRODUCT PROJECT

Date : 06/14/2018 @ 11:02AM
Source :InvestorsHub NewsWire
Stock : Greenbelt Resources Corp. (PC) (GRCO)
Quote : 0.051  0.0 (0.00%) @ 7:36AM

GREENBELT RESOURCES EXECUTES LETTER OF INTENT WITH NEW YORK BASED COMPANY FOR CUTTING EDGE WASTE-TO-BIOPRODUCT PROJECT

GREENBELT RESOURCES EXECUTES LETTER OF INTENT WITH NEW YORK BASED COMPANY FOR CUTTING EDGE WASTE-TO-BIOPRODUCT PROJECT

Company to lease a proprietary membrane dehydration module for deployment in project

Paso Robles, CA -- June 14, 2018 -- InvestorsHub NewsWire -- Greenbelt Resources Corporation (OTC: GRCO) (Greenbelt), the developer of a sustainable ECOsystem model that transforms waste into revenue generating bioproducts, today announced that it has signed a Letter of Intent (LOI) with a waste-to-bioproducts company located in New York. The New York company plans to utilize Greenbelt's proprietary patent-pending membrane dehydration technology in its waste-to-bioproducts project through a lease arrangement.

Similar to Greenbelt's ECOsystem model, the project, located in New York, uses cutting edge technology to convert food production wastes into various biobased products such as bioethanol and high protein animal feed additive. However, the project does not currently include ethanol dehydration capability. Adding a Greenbelt dehydration module will provide the project with the ethanol dehydration capability need to produce biofuel.

"After extensive research, we found that Greenbelt's technology is the most cost-effective on the market for our bioethanol projects," said the company's managing member, "Their energy efficient zeolite membrane dehydration module will enable us to remove the water from the ethanol produced by the system in even higher concentrations of water than are feasible with molecular sieves, a unique benefit of Greenbelt's technology. We look forward to working with the Greenbelt team."  

"We are pleased that our newest client has selected our technology as their choice to perform the dehydration step for their own waste to bioproducts projects," said Greenbelt CEO Darren Eng. "We respect the model they adopted for the unique conversion technology they deploy and the types of projects they will be pursuing. We also welcome the leasing model of payment if it helps our clients to deploy projects more rapidly. We look forward to a long and rewarding relationship."

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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

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