Vancouver, British Columbia – July 11, 2018 – Green 2 Blue Energy Corp. (CSE: GTBE, OTCQB: GTGEF, FWB: 1NZ.F) (“G2BE” or the “Company“) is pleased to announce it has just completed its annual independent audit verification for maintaining its ongoing ENplus A1 wood pellet certification. The audit and certification were completed by ENplus approved PCU Deutshland GmbH and all lab testing was conducted by Eurofins Umwelt Ost GmbH (Eurofins), a world leader in food, pharma and environmental laboratory testing.
The 2018 Eurofins lab analysis report confirms G2BE has met or exceeded all of the required parameters to receive the stringent ENplus certification approval. ENplus A1 is the highest international standard for achieving overall wood pellet quality including, consistency, heat value, supply chain and emission regulations.
Highlights of the lab analysis report where G2BE pellets improved or exceeded standards from last years ENplus A1 audit, include an increase in net calorific value (heat value) to 17.8MJ/kg and a decrease in Ash content to 0.3%. In addition, Sulphur, Lead and Mercury levels remain well below the required ENplus standards and significantly lower than bituminous coal, making G2BE pellets an effective and environmentally friendly alternative for Energy companies producing combined heat and power.
The Company’s Chief Executive Officer, Slawomir Smulewicz stated, “Continuing to meet or exceed ENplus A1 standards, ensures G2BE’s pellets remain in high demand with both new and existing customers, giving the Company a competitive advantage while G2BE continues to execute on increasing production and overall growth strategies.”
Grant of Stock Options
Pursuant to its incentive stock option plan, the Company has granted an aggregate of 1,000,000 Stock Options to certain directors, officers and consultants of the Company. The Stock Options are exercisable for Shares on or before July 10, 2023, at an exercise price of $0.15 per Share.
G2BE is a renewable energy company focused on residential and commercial wood pellet production and the implementation of biomass gasification technology to generate combined heat and power. G2BE’s wood pellets are sold to retail outlets and power producers throughout Europe, including the United Kingdom, Germany, Poland, Italy and Denmark.
On Behalf of the Board of Directors
Chief Executive Officer and Director
For more information, please contact:
Director, Corporate Communications
Telephone: (604) 539-5023
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.