Contact:
Darren Eng, CEO
Greenbelt Resources
Corporation
888-995-GRCO (4726 x
101)
darren@greenbeltresources.com
GREENBELT RESOURCES signs Letter of Intent With Purnol for
bioethanol distribution
Purnol to distribute bioethanol produced by
Greenbelt's California BioEthanol
Project
Paso Robles,
CA -- June 28, 2018 -- InvestorsHub
NewsWire -- Greenbelt Resources Corporation (OTC:
GRCO) (Greenbelt), the developer of a sustainable
ECOsystem
model
that
transforms waste into revenue generating bioproducts
including
bioethanol, today announced that it
has signed a Letter of Intent (LOI) withPurnol, a California-based
distribution
company.
Purnol
plans to
purchase, brand
and resell bioethanol produced in Greenbelt's California BioEthanol
Project which uses proprietary
technology to convert
local brewery
and agricultural waste
into various biobased products
including
bioethanol and
high protein animal feed. Purnol will sell the bioethanol
under its own brand as an eco-friendly high-quality premium
extraction solvent.
"After extensive
market
research,
we have
chosen Greenbelt's
bioethanol as
the source for our Purnol brand," said Purnol CFO Les Mood. "Greenbelt's bioethanol is
the most sustainable ecofriendly ethanol we can find on the market.
Moreover, Greenbelt's patent pending membrane dehydration
technology enables us to sell a high quality, extremely
high-proof ethanol extraction solvent
at competitive prices."
"Purnol recognizes the unique
benefits and value of Greenbelt's bioethanol and through our
negotiations they have demonstrated the intent to leverage this
value into the premium brand of the Purnol product," said Greenbelt CEO
Darren Eng. "Purnol also demonstrated that it
has the right relationships in the target markets that stand to
benefit most from the bioethanol we produce. Moreover, their
confidence in Greenbelt, as expressed through their
commitment to assist with increasing our production capacity when
their sales' pipeline exceeds current
capabilities, will result in a long and
mutually rewarding relationship."
The LOI establishes the
intent for all bioethanol produced by Greenbelt's California
BioEthanol
Project to be
purchased and resold under the Purnol brand. Importantly, the LOI
also establishes Greenbelt as Purnol's
exclusive
supplier of bioethanol.
# # #
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.