$GRCO Greenbelt Resources Signs Non-Disclosure Agr
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Posted On: 03/29/2018 9:21:21 AM
$GRCO Greenbelt Resources Signs Non-Disclosure Agreement With Duckweed DAYSPress Release | 03/29/2018
PASO ROBLES, Calif., March 29, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- 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.
PASO ROBLES, Calif., March 29, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- 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.
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