PASO ROBLES, Calif., March 3, 2017 /PRNewswire/ -- Greenbelt Resources Corporation (OTC: GRCO), an innovator of sustainable energy production systems, announced today the Paso Robles ECOsystem, known as PRECO, a waste-to-energy interconnected system (ecosystem) designed to produce half a million gallons of bioethanol from a variety of feedstocks available in the Paso Robles area. PRECO utilizes such feedstocks as waste trub from the nearby Firestone Brewery and winery wastes from the over 310 wineries in the local area.
"PRECO is the solution to a challenge inherent in current local-scale technologies—their size. Unlike many traditional industrial-scale production technologies currently in operation, PRECO is designed and optimized for small to medium sized operations such as agricultural and beverage processors," says Darren Eng, Greenbelt Resources CEO. "Our ecosystem concept enables the cost-effective transformation of wastes into value-added bioproducts including potable water."
PRECO will be the first independently owned, local-scale bioethanol solution in California and is tailored to utilize the local Paso Robles supply of agricultural and beverage residues. The ecosystem can also be custom-designed to transform the feedstocks of any local area into bioethanol and bioproducts. The resulting bioethanol will be sold into California's transportation market under the state's Low Carbon Fuel Standard (LCFS), leading to higher revenues. The legislation was designed to lower toxic tailpipe emissions and carbon dioxide, a climate change gas. For Greenbelt, California represents potential project revenue of nearly $1 billion. (Source: Greenbelt)
Greenbelt is uniquely positioned to take advantage of this market with leading edge technology, experienced management and several endorsements from state and local officials and business owners.
Ph.D. Research Leader, Bioproducts for the USDA, William J. Orts, wrote in a letter to California Energy Commission Chair Robert B Weisenmiller, Ph.D., "As Research Leader of the Bioproducts and Biofuels Research at the USDA's Western Regional Research Center (WRRC), I share (the) vision to create a transformative commercial biorefinery based upon strategies that will work in California... Addressing how we deal with the many carbon-based by-products is an important issue in agriculture and ag-related businesses... (it is) a business model to deploy hundreds to thousands of systems across the country and around the world. Successful deployment... will solve local waste issues while creating local sources of ultra-low-carbon renewable fuel. I confirm to you that our team at the USDA has confidence in their process and aim to help them toward success by making our equipment and expertise available to them, because their success will prove beneficial to California's (rural) economy."
For more information about PRECO and how it can transform your local waste to revenue generating bio-products, visit www.greenbeltresources.com or contact Greenbelt CEO Darren Eng at 888-995-GRCO(4726) ext. 101.
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. The Company designs, develops and implements technology that makes the production of advanced biofuel reliable, practical and efficient. Controlled by proprietary automated controls, the Company'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.
This press release does not constitute an offer of any securities for sale and contains certain forward-looking statements. For additional information visit the Greenbelt Resources investors page.
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SOURCE Greenbelt Resources Corporation