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Greenbelt’s Testing Facility to Become Commercial Production Plant; “California BioEthanol Project” designed to meet the growth of local protein and ethanol extraction needs
Greenbelt’s Testing Facility to Become Commercial Production Plant; “California BioEthanol Project” designed to meet the growth of local protein and ethanol extraction needs.
About this update from Greenbelt Resource Corporation
[{"type":"text","content":"\n\n PASO ROBLES, Calif., Feb. 21, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- Greenbelt Resources Corporation (OTC:GRCO) (Greenbelt) has announced Phase 1 of the “California BioEthanol Project,” a three-phased initiative that will convert Greenbelt’s Commercial Scale Testing Facility into a commercial-scale production biorefinery. Once Phase 1 is completed, the biorefinery will produce approximately 1.37 million pounds of protein concentrate and 75,000 gallons per year of bioethanol. The total estimated investment for the California BioEthanol Project is $3.25 million with approximately $440,000 allocated to complete Phase 1, expected to commence during second quarter 2018.\n “There is a growing demand globally for locally sourced protein and bioethanol with low environmental impact,” says Darren Eng, Greenbelt’s CEO. “Greenbelt is quickly becoming a preferred partner because our patented 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 as an extraction tool.” Greenbelt has established substantial support and commitment from local businesses including food waste producers, yeast protein customers and bioethanol customers. For example: Food Waste Producers: Greenbelt has relationships with local breweries including BarrelHouse and Firestone and wineries including CCWS and PRWS, all of whom send or have sent their waste to Greenbelt for processing in the existing facility.  Use by Greenbelt is preferred over other less environmentally friendly and more costly options not utilizing the ethanol content and requiring transportation over longer distances. Yeast Protein Concentrate: Local animal feed providers are looking to purchasing Greenbelt’s yeast and other protein concentrates for sale at $0.40 to $0.60 per pound as compared to $0.03 per pound for other more traditional feed uses.Non-fuel Bioethanol: Greenbelt has relationships with NCMBiotech and Puration who have approved the use of the company’s bioethanol as the preferred extract...