Paso Robles, CA – March 29, 2018 – Greenbelt Resources Corporation (OTC: GRCO) (Greenbelt), the developer of a sustainable ECOsystem model that transforms waste into revenue generating bioproducts, today announced that it has signed a non-disclosure agreement (NDA) with Georgia-based Duckweed DAYS, LLC.
Duckweed DAYS is a new entity formed by entrepreneurs to commercialize and further the research carried out by the Andrew J. Young Foundation (AYF) focused on utilizing duckweed as a vegetable source of rich protein to fight malnutrition worldwide. The goal of AYF’s initiative is to encourage farmers, both in the U.S. and around the world, to grow duckweed as a cash crop and sell it into the biobased products industry. The Duckweed Project features Greenbelt’s ECOsystem model, which will convert the duckweed into bioethanol and a protein concentrate targeted as a nutritional supplement for the under nourished around the world.
“While I am obligated to caution readers from drawing any premature conclusions from this announcement, this NDA acknowledges that the Duckweed Project is moving forward,” says Darren Eng, Greenbelt’s CEO. “It also re-emphasizes that Greenbelt’s community-focused ECOsystem model is ideal for farmer initiatives both in the U.S. and around the world.”
The Duckweed Project plan submitted to the USDA in 2017 expresses AYF’s intent to develop 20 deployments over the next eight to 10 years. Greenbelt’s ECOsystem technology represents about $5.0 million of the $14.0 million budget projected for each deployment.
Greenbelt’s recent efforts have focused on the integration of a number of sustainable feedstocks such as trub, winery waste, and pomegranates into the ECOsystem model. In this model, feedstocks generated or produced locally are transformed into revenue-based resources that are then sold and purchased within the surrounding community ecosystem.
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.
About the Andrew Young Foundation
The Andrew J. Young Foundation is committed to answering these basic questions: did we feed the hungry? did we clothe the naked, did we heal the sick, and did we set at liberty to those who were oppressed? The foundation’s projects are geared towards answering these questions.
The Andrew J. Young Foundation is a 501(c) (3) community based non-profit public charity that supports research and development on new technologies that have the potential to create sustainable jobs and create a more equitable society by empowering people living in poverty in rural America, Africa and across the globe. In this pursuit, the Foundation is currently focused upon finding sustainable solutions for food security and malnutrition, reengineering agriculture, traditional medicines, and inclusivity in the financial system for the impoverished sections of society worldwide. These solutions would empower underserved populations across the globe, introducing increased equity and uplifting the quality of life in the society. For more information visit www.andrewjyoungfoundation.org.
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.