Alternative Energy From Waste Sugars Produced By New Modular Ethanol Plant
Diversified Ethanol Corporation(TM) will begin construction of a new facility for Master Recycling Center, Inc., in Pomona, California that will produce 5 million gallons per year of Ethanol. This new source of revenue is being produced from the millions of gallons per year of waste sugars currently being thrown away. Instead of pouring it down the drain, soft drink recyclers and breweries can now turn their "waste into gold".
Burnsville, MN (PRWEB) February 1, 2008 -- Greenbelt Resources Corporation (Pink Sheets:GRCO), a leading innovator in the development of effective and economical alternative energy technologies, announced today that Master Recycling Center, Inc., has increased its earlier order of 2 million gallons, to 5 million gallons of ethanol per year. Diversified Ethanol Corporation(TM), a subsidiary of Greenbelt Resources Corporation will begin construction of the new facility in Pomona, California with completion planned for late spring/early summer of 2008.
"Our 100% owned subsidiary, Diversified Ethanol Corporation, is focused on producing valuable renewable energy from substances that presently are considered waste - in this case converting energy produced by breweries and soft drink manufacturers among others." said Robert Johnson, chairman and CEO of Greenbelt Resources. "This development is exciting for both companies,"
Currently, industries pay firms such as Master Recycling to dispose of expired consumer beverages such as soft drinks. Using the proprietary technology of Diversified Ethanol, Master Recycling can now convert the waste sugars into valuable energy. "This new technology is clearly a breakthrough in recycling and in creating renewable energy at less expense," Johnson remarked. "With the new proprietary technology that we have developed specifically for this purpose, our company will incorporate ethanol production plants into existing recycling plants throughout the U.S."
Diversified Ethanol designs and sells modular ethanol plants that employ the award winning "Butterfield Closed Cycle System"(TM) which utilizes several proprietary technologies.
Bill Nazaroff, MRC's General Manager added, "We're excited about our strategic relationship with Diversified Ethanol Corporation, as it allows us to use new sources for alternative energy. The ability to produce energy, while improving the environment by eliminating waste, will clearly benefit MRC, the City of Pomona, and California. Once the Pomona plant is up & running, we will strongly consider expanding production capacity using Diversified Ethanol's technology in other areas of the U.S."
Master Recycling provides a portfolio of recycling services with primary focus on full-goods (beverage) destruction, recycling of commodities and the processing, conversion and/or disposal of liquid waste products.
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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