Greenbelt Resources Secures Purchase Order
MINNEAPOLIS--(BUSINESS WIRE)--Diversified Ethanol, a wholly owned subsidiary of Greenbelt Resources Corporation (Pink Sheets: GRCO) is pleased to announce that it has received a purchase order to build and operate a 1.5 million gallon plant in Omaha. The ethanol will be produced entirely from the waste byproducts of tortillas, bread, and cereal production. Diversified Ethanol will own 20% of the plant for the life of its operation, and the customer has plans to build additional plants as well.
Diversified Ethanol will build several highly efficient ethanol plants, using new, innovative technology such as membrane separation. The plants will be scalable utilizing the most cost effective and efficient building composites and optimum ethanol extraction processing. The basic plant design relies on the proven proprietary technology developed by Floyd Butterfield. Typical corn-based ethanol plants struggle with the high cost of feedstock, acid hydrolysis, and wet cake drying. Diversified Ethanol's plant designs are not limited by these feedstock, processing or drying issues, producing ethanol from existing waste products, previously being thrown away. As a result, the profit margins on these smaller plants designed by Floyd Butterfield are higher than traditional large scale plants.
For further information about the company and its products, please visit their website, at www.greenbeltresources.com and www.diversifiedethanol.com.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements. These forward-looking statements involve certain risks & uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history & history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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