Biofuels & Energy selects four finalists with support from Monte Vista EDC

PASO ROBLES, Calif., July 19, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Greenbelt Resources Corporation (OTC:GRCO) (Greenbelt), the developer and producer of a sustainable ECOsystem model that transforms waste into revenue generating bioproducts, today announced that Biofuels and Energy, LLC (B&E), a New Mexico based project development company planning to utilize Greenbelt’s proprietary ECOsystem model for its SLV Biopro Project, has selected four locations on which to potentially locate project operations in the San Luis Valley region of Colorado.

“Based on the responses to the RFP distributed last month, we have narrowed our selection to four sites,” said Richard Mason with B&E. “The response we received in particular from the Monte Vista Economic Development Corporation exceeded our expectations for sites that meet our criteria.  In fact, some of the unique elements of the Monte Vista area, including the abundance and variety of potential feedstocks, have helped the SLV Biopro project evolve in ways that not only provide feedstock redundancy but also may increase expected profitability.  It’s even possible we may select two of the sites to further develop.”

“Greenbelt agrees with B&E’s narrowed selection of site locations,” said Greenbelt CEO Darren Eng. “Each of the site finalists has unique characteristics that will benefit the efficiency of our ECOsystem model, including such features as  space for a duckweed covered discharge pond and proximity to specific feedstocks which would enable new high value bioproducts to be produced.”

Both Greenbelt and B&E appreciate the support and responses solicited by the regional economic development authorities who assisted in the distribution of the RFP, including but not limited to the Colorado Office of Economic Development & International Trade, Saguache County Sustainable Environment & Economic Development and the San Luis Valley Development Resources Group. 

SLV Biopro was announced earlier this year as the first of B&E’s projects committed to using Greenbelt’s ECOsystem technology to convert agricultural waste into various bio-based products such as bioethanol and high protein animal feed.  Other B&E projects currently in development will be located in New Mexico and Pennsylvania.  

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