Paso Robles, CA - August 7, 2017 - Greenbelt Resources Corporation (OTC:GRCO) has officially received "Eco Friendly Technology" registration for its ECOsystem process.
The certification (Registration #026/TRL/Reg1/K4K) was officially signed by the Indonesian Secretary General to the Ministry of Environment and Forestry Dr. Ir. Bambang Henfroyono, MM, head of the agency that awards Ecolabel status to green technologies.
Greenbelt's waste-to-energy system is a viable, proven technology suited for food waste applications.
Estimates of the food industry waste market solution range from $200 million to as much as $600 million in the foreseeable future.
Greenbelt CEO Darren Eng states that the registration and approved use of the Ecolabel logo validates Greenbelt's technology, and in essence, gives Greenbelt a "green" light as a process now available to address the country's significant and growing waste challenge.
Indonesia is the second largest food waster behind Saudi Arabia.
More food is wasted each year in Indonesia than the amount of food produced.
The ECOsystem process converts food waste into several revenue producing bioproducts including bioethanol, high value protein, fertilizer and potable water.
The system can be customized to feedstock input as well as the goals of the customer with respect to end products.
"It's tragic in our world where so many face starvation that food waste has become such a huge problem," says Eng.
"However, for the food waste that is naturally unavoidable, especially in agriculture and the food processing industry, Greenbelt's technology can turn waste expense into new economic value streams, potentially even high-value protein suitable for humans. Greenbelt is already active in Indonesia.
We look forward to expanding our relationships and addressing this challenge in a positive way beneficial to the population."
Jababeka Infrastruktur has broken ground on the first project in Indonesia to use Greenbelt technology, a waste-to-energy initiative called JababECO.
During a signing event held in Jakarta, the MOU signed between Greenbelt and Jababeka was celebrated by the attendance of Indonesian Vice President Jusuf Kalla and U.S. Vice President Mike Pence.