Greenbelt Resources inks Andrew J. Young Foundation deal for ECOsystem biorefinery

May 28, 2017 |

In California, Greenbelt Resources signed a Letter of Intent with the Andrew J. Young Foundation to build a biorefinery in the southeast U.S. featuring Greenbelt’s proprietary ECOsystem technology. The Duckweed Project, being developed by The AJY Foundation, is designed to empower small farmers by providing technical knowledge on growing duckweed as a cash crop and selling duckweed as a biofeed to the biorefinery.  When complete, Greenbelt’s $5.0 million ECOsystem project, a critical component of the estimated $14.0 million total project cost, will produce up to 500,000 gallons of bioethanol per year, along with a protein concentrate that will be sold to organic feed mills and food ingredient manufacturers. The biorefinery is expected to be operational 15 months after breaking ground.

A USDA-funded feasibility study conducted by Agregy Renewables on behalf of The AJY Foundation outlines a commercialization plan focused on financing and developing as many as 20 more duckweed bio-refineries over an eight-to-ten-year timeframe, initially in the southeast and western U.S. and then across the globe. If fully deployed, the commercialization plan represents more than $100 million in potential project revenues for Greenbelt over the next eight to ten years.

When looking at the viability of the ECOSystem technology, the report found that Greenbelt’s technology “has been proven to be very cost effective and energy and operationally efficient at the small scale of operation for the Duckweed Project…recent commercial plant installations including Greenbelt’s test-bed facility in Paso Robles, CA, have shown to be technically viable to convert a wide range of biomass feedstocks to ethanol, animal feed and fertilizer. It has therefore been determined that the proposed Duckweed Project and program is solid and technically feasible.”

More on the story.

Print Friendly, PDF & Email

Tags:

Category: Producer News

Thank you for visting the Digest.