Vancouver, British Columbia – April 18, 2018 – Green 2 Blue Energy Corp. (CSE: GTBE, OTCQB: GTGEF, FWB: 1NZ.F) (“G2BE” or the “Company“) announces that, it has recently ordered new equipment and machines to expand its production capacity at it’s Pellet facility in Poland.
The Company has recently ordered one additional pellet mill, a hammer mill and a commercial drum dryer for drying it’s raw feedstock and expects the new equipment and machines to arrive and be installed in the coming weeks.
The President, Slawomir Smulewicz stated, “this is a big step for us as it almost doubles our overall production capacity to above 3,000 tonnes a month and allows the Company to fulfil it’s pending purchase orders from power producers for delivery of commercial pellets.”
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.
This news release contains “forward-looking information” within the meaning of applicable securities laws. The Company has provided the forward-looking information, including, without limitation, statements relating to the use of proceeds of the Offering, in reliance on assumptions that it believes are reasonable at this time. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in general economic, market, or business conditions, and those risks set out in the Company’s public documents filed on SEDAR. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.