Greenbelt Resources Corporation announced that it has signed a licensing and exclusive distribution rights agreement with PURNOL, a California-based distribution company. Recognizing the high value of the benefits to the CBD market, PURNOL has agreed to pay a substantial undisclosed fee for licensing rights to Greenbelt’s sustainable bioethanol technology and production processes and the right to purchase, brand and resell 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. PURNOL will sell the bioethanol under its own brand as an eco-friendly high-quality premium extraction solvent to various industries, including the CBD market, currently experiencing explosive growth and receiving interest from global beverage brands. The agreement establishes the commitment for all bioethanol produced by Greenbelt’s CBE Project to be sold to PURNOL and resold under the PURNOL brand.