Greenbelt signs LOI with Prosys Biorefining for use with duckweed

In California, Greenbelt Resources Corporation has announced the signing of a Letter of Intent (LOI) with Prosys Biorefining Systems to license its proprietary ECOsystem biorefinering technology to convert lemna (duckweed) and microalgae into renewable products. Prosys, based in San Pedro, Calif., is developing an organic aquatic plant-based source of concentrated protein from duckweed as a nutritious protein replacement for livestock and humans. Plans include the development of a biofinery located in California’s Central Valley utilizing a custom ECOsystem technology design from Greenbelt.