Vancouver, British Columbia – November 6, 2018 – Green 2 Blue Energy Corp. (CSE: GTBE, OTCQB: GTGEF, FWB: 1NZ.F) (“G2BE” or the “Company“) announces that it has recently purchased an additional hammer mill for the purpose of grinding wood chips into sawdust which provides the Company with an additional feedstock source for manufacturing wood pellets.
With the new hammer mill the company is able to negotiate and purchase both wood waste sawdust and chips from the same suppliers. With the ability to utilize residual wood chips the Company now has access to over 5,000 tonnes of feedstock per month to align with its recent increase in production capacity.
The President, Slawomir Smulewicz stated, “While G2BE’s share price has not been favorable recently, our number one priority remains the same, which is to steadily increase pellet production and sales to ultimately create long term shareholder value. The new hammer mill assures us of a steady supply of additional feedstock. With the previously announced addition of our newly leased Facility in Szcypkowice, and the recent upgrades and equipment installations at our current Facility in Rzeczenica, the Company is now well positioned for growth.”
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.