subslover
6年前
PASO ROBLES, CA – April 4, 2019 – Last week, Greenbelt Resources Corporation (OTC: GRCO) (Greenbelt), the developer and producer of a sustainable ECOsystem model that transforms food, beverage and agricultural industry waste into revenue generating bioproducts, posted its 2018 Annual Disclosure Statement with annual Financial Statements to the OTC Markets Group, indicating Greenbelt finished the year with a profitable fourth quarter and a year over year increase in cash. Greenbelt sustained a comparative annual 71.0% decrease in its net loss and a 143% increase in its cash balance.
The financial and especially the operational successes in 2018 mark a turning point for Greenbelt. Over the past several years, management has focused on pivoting the company via applying and adapting its proven ECOsystem technology to new markets; enhancing its technology to produce new in-demand products.
The financial statements indicate that Greenbelt has found success in at least two of those new markets: the hemp CBD (cannabidiol) industry in which ethanol is used as an extraction solvent, and the food industry for which demand for plant-based protein is growing exponentially. Moreover, although the two industries are non-competitive, Greenbelt’s technology delivers solutions that combine the two markets symbiotically.
Greenbelt prides itself on providing socially responsible sustainable solutions that make good business sense. The company has taken even greater pride in expanding the company’s breadth of expertise from technology already used to convert food, beverage and ag industry wastes into biofuel, animal feed and fertilizer, to now also including expertise in cultivating and processing duckweed, an extremely low impact plant-based source of protein and starch. More importantly, as predicted previously when Greenbelt’s relationship with the Andrew J Young Foundation (“AYF”) commenced in 2017, the application of this new internal expertise has resulted in a solid revenue stream and cash flow throughout the 2018 year from project work conducted on the AYF Duckweed Project, funded by its affiliated business unit Duckweed DAYS, LLC.
In another complimentary initiative, Greenbelt’s sustainable credentials and the relatively small carbon footprint for the bioethanol produced by its ECOsystem deployments attracted Purnol, Inc. to use Greenbelt’s white-labelled bioethanol for its namesake premium brand of extraction solvent. A significant portion of Q4 revenue was the result of the sale of licensing and exclusive marketing rights to Purnol.
Greenbelt’s CEO Darren Eng, indicated that “It appears we can expect substantially more from these two markets in 2019. PURNOL has committed to purchasing as much ethanol as Greenbelt can produce from its existing facility at the fixed price and has indicated a desire for Greenbelt to expand production” which will result in added Greenbelt system deployments.
In addition, as recently stated in the CEO Report, substantially more revenue from AYF Duckweed Project work is imminent and there are more customers interested in deploying Greenbelt systems.
In just the two markets highlighted, the growth of Greenbelt’s main customer in each segment alone will directly increase Greenbelt’s growth substantially.
About Greenbelt Resources
Greenbelt Resources Corporation™ is an award-winning provider of automated, modular, small scale sustainable energy production systems, products and processes that enable local cost-effective processing and disposal of food, beverage and cellulosic waste to be converted into commercially viable saleable consumer products such as bio ethanol, protein concentrate and fertilizer. Operating in several business segments, Greenbelt provides value added solutions to the cannabis, food, beverage and agricultural industries. Greenbelt stock is listed on the OTC Markets Group under the symbol GRCO. More information is available at 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.
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Greenbelt Resources Corporation | 3500 Dry Creek Rd #6, Paso Robles, CA 93446
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europa7
6年前
New Californian project to produce bioethanol
https://biofuels-news.com/display_news/14119/new_californian_project_to_produce_bioethanol/
http://www.californiaethanolpower.com/
http://www.californiaethanolpower.com/news/industry-news/
http://www.purnol.com/
Energy systems developer Greenbelt Resources Corporation (Greenbelt) announced that it is commencing the first phase of the “California Bioethanol Project”, a three-phased initiative to convert one of its facilities into a bioethanol refinery.
According to a press release, the biorefinery will have an estimated production capacity of 1.37 million pounds of protein concentrate and 75,000 gallons per year of bioethanol.
Greenbelt claims that the investment will total $3.25 million (€2.86 million).
“The demands of the extraction industry for bioethanol, particularly in California, are now undeniable,” says Darren Eng, Greenbelt CEO.
“Greenbelt has become a preferred premium source because our proprietary 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 in extraction.”
It is estimated that the facility will begin generating sales eight weeks after the completion of the first phase of the initiative.
The second phase will introduce a second production system and the third will expand the production capacity of the first phase as well as reducing the cost of production per gallon.
Total capacity of the facility after all three phases are complete is estimated to be 200,000 gallons per year.
europa7
6年前
Fuxin Green Energy plan to use Greenbelt technology for ethanol plant roll-out
https://bioenergyinternational.com/biofuels-oils/fuxin-green-energy-plan-to-use-greenbelt-technology-for-ethanol-plant-roll-out
Fuxin Green Energy has revealed its intention to utilise Greenbelt Resources proprietary ECOsystem in its planned sorghum-based ethanol plant roll-out in Fuxin, China (image courtesy Greenbelt Resources).
Sweet sorghum-a promising alternative feedstock for biofuel production
https://www.researchgate.net/publication/320952005_Sweet_sorghum-a_promising_alternative_feedstock_for_biofuel_production
Ethanol development in China
https://bioenergyinternational.com/biofuels-oils/ethanol-development-in-china
"Although the world’s fourth largest ethanol producer, China accounted for just over 3 percent of global production 2015. The Chinese government wants to expand production setting a target of 10 million tonnes capacity by 2020, almost a quadrupling of the 2015 output. Given low oil prices, incentive scale-back and feedstock limitations, it seems a tall order unless cellulosic ethanol commercialises fast."
Fuxin, Liaoning, China 609km NW of Beijing
https://www.google.com/maps/place/Fuxin,+Liaoning,+China/@42.0168928,121.5249171,11z/data=!3m1!4b1!4m5!3m4!1s0x5e2476eb1074f655:0xcd4bedba29a788fa!8m2!3d42.021602!4d121.670273
europa7
6年前
NEWS: Greenbelt Initiates CBE project to produce bioethanol for CBD extraction
https://ih.advfn.com/p.php?pid=nmona&article=78676635&_ga=2.267317255.807842161.1542034861-552904135.1539699517
https://www.greenbeltresources.com/
PASO ROBLES, CA November 13, 2018 -- InvestorsHub NewsWire -- Greenbelt Resources Corporation (OTC: GRCO) (Greenbelt) has announced commencing Phase 1 of the "California BioEthanol Project," a three-phased initiative to convert Greenbelt's Commercial Scale Testing Facility into a commercial-scale production biorefinery. Upon Phase 1 completion, the biorefinery will produce approximately 1.37 million pounds of protein concentrate and 75,000 gallons per year of bioethanol. Announced earlier this year, the total estimated investment for the California BioEthanol Project is $3.25 million.
"The demands of the extraction industry for bioethanol, particularly in California, are now undeniable," says Darren Eng, Greenbelt's CEO. "Greenbelt has become a preferred premium source because our proprietary 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 in extraction."
Eng estimates the production facility will begin generating sales within the first eight weeks of commissioning. Phase 2 will add a second production system followed by Phase 3 that will expand the production capacity of Phase 1 and reduce cost of per gallon production. Phase 3 will more than double the bioethanol production to 200,000 gallons per year.
Already, industry demand has opened discussions about installing Greenbelt ECOsystem community scaled systems all around the country starting with key areas of demand in California and Colorado, but also in the northeast and the south, where the CBD industry is exploding.
California's cannabis industry alone is projected to be over $10.0 billion annually by Arcview Market Research and author Kenneth Morrow in The Extraction Evolution writes that 90 percent of all cannabis produced and sold in the future will be processed and extracted..."