SLV Biopro secures 40%+ offtake contract for proposed Colorado ethanol project

In California, Greenbelt Resources Technology announced that Biofuels and Energy, LLC (B&E), a New Mexico-based project development company planning to utilize Greenbelt’s proprietary technology for its SLV Biopro Project, has secured offtake agreements in excess of 40% of the projected bioethanol production of the Colorado project.

The SLV Biopro Project located in San Luis Valley, Colorado has progressed steadily since being announced earlier this year.  The total SLV Biopro Project budget is estimated at $9.0 million, depending on final location and production capacity, of which about $7.2 million is allocated to Greenbelt’s system.  This project is the first of three similar projects on B&E’s four-year time horizon and therefore potentially represents in excess of $20.0 million in sales for Greenbelt.