Greenbelt Resources signs deal with PURNOL

In California, Greenbelt Resources Corporation announced initial funding for a licensing and exclusive distribution rights agreement from PURNOL, a California-based distribution company.

In accordance with the agreement between PURNOL and Greenbelt, a substantial portion of an undisclosed fee was funded in December of 2018. Subsequently, Greenbelt commenced the process of modifying and enhancing its production facility and supply chain logistics protocols to accommodate the agreement.

As previously announced, PURNOL agreed to pay a substantial undisclosed total fee for licensing and distribution rights to brand all of the bioethanol produced in Greenbelt’s California BioEthanol Project (CBE Project), which uses proprietary technology to convert local brewery, winery and agricultural waste into various biobased products, including bioethanol and high protein animal feed. The PURNOL brand bioethanol represents a premium product of eco-friendly high-quality premium extraction solvent marketed into various markets, particularly including the CBD market, currently projected to potentially be $22 billion by 2022 in a recent exclusive article in Rolling Stone Magazine.