NEWS! Greenbelt Resources Executes Letter Of Intent With Prosys Biorefining Systems, LLC
Greenbelt to license its ECOsystem Technology
Paso Robles, CA,
June 15, 2017 / PRNewswire/ -- Greenbelt Resources
Corporation (OTC: GRCO) (Greenbelt)
has announced the signing of a Letterof
Intent (LOI) with Prosys Biorefining
Systems,LLC ("Prosys") to license its
proprietary ECOsystem biorefinering
technology to convert lemna (duckweed)
and microalgae into renewable products.
Prosys, based in San Pedro, Cali., is
developing an organic aquatic plant-
based source of concentrated protein
from duckweed as anutritious protein
replacement for livestock and humans.
Plans include the development of a
biofinery located in California's Central
Valley utilizing a custom ECOsystem
technology design from Greenbelt.
This announcement comes on the heels
of an LOI signed between Greenbelt and
the Andrew J.Young Foundation to build
abiorefinery in the southeast U.S.
featuring Greenbelt's proprietary
ECOsystem technology. As with The AJY
Foundation, Greenbelt will optimize its
ECOsystem technology for Prosys to
produce sustainable, cost competitive
renewable bioproducts including
bioethanol, food and biofertilizers.
"Today is an importantmilestone forthe
growth of Prosys with the signing of an
LOI to license Greenbelt's advanced
micro-biorefinery technology for
development in California," said Tim
Biehler,Prosys founderand president
and CEO. "After researching
technologies available in the
marketplace, Greenbelt's process was
selected because of its highly efficient
and cost effective modulardesign and a
small scale that is ideally suited for
converting lemna as a feedstock into
protein meal and bioethanol as salable
co-products."
Greenbelt's CEO Darren Eng said that
relationships similar to these can rapidly
grow oursales pipeline. "This initiative
demonstrates the high impact value of
channel relationships to develop new
customers and expand market
opportunities as the licensing agreement
will be complemented by the opportunity
for Greenbelt to construct and deliverthe
first system.Prosys'strategic plan
projects 20 biofineries overan 8-year
time horizon. This growth strategy can be
supported by the collaborative spiritand
commitmentof our two organizations."
Biehler, who brings to Prosys an
extensive background in conventional
petroleum and biomass refining, adds, "In
licensing Greenbelt's technology, Prosys
has a highly experienced partner with
the most innovative and best available
technology that can give both
organizations aleading competitive edge
in the marketplace by creating a new
alternative protein source."
About Prosys Biorefining Systems, LLC
Prosys has assembled veteran
management team with decades of
proven experience in clean energy,
agriculture technology and project
development. Prosys is skilled in systems
integration and process optimization with
an extensive background in advanced
biorefining and conventional oil refining
operations and biomass crop production.
For more information visit
www.prosysbiorefining.com.
About Greenbelt Resources
Greenbelt Resources Corporation™ is an
award-winning provider of sustainable
energy production systems focused on
delivering modularsolutions 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, practicaland efficient.
Controlled by proprietary automated
controls,Greenbelt's small-scale, end-to-
end modularsystems convert food,
beverage and othercellulosic wastes
into commercially viable advanced
biofuels (bio-ethanol), animal feed,
fertilizer and filtered water. Formore
information
visit www.greenbeltresources.com.
