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Green 2 Blue Announces Planned Upgrades to Operations

Tickers: PINX:GTGEF, XCNQ:GTBE
Tags: Oil & Gas



Vancouver, British Columbia / TheNewswire / April 19, 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 production capacity at its pellet facility in Poland.

The Company has recently ordered one additional pellet mill, a hammer mill and a commercial drum dryer for drying its raw feedstock and expects the new equipment and machines to arrive and be installed in the coming weeks. The ordered equipment meets the highest market standards, is expected to increase the production efficiency at the plant in Rzeczenica and is one of the first steps of the planned expansion.

G2BE's Chief Executive Officer, Slawek 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 its pending purchase orders from heat and power producers for delivery of commercial pellets."

About G2BE

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

"Slawek Smulewicz"

Slawek Smulewicz

Chief Executive Officer and Director

For more information, please contact:

Glenn Little

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 anticipated receipt of equipment for its production facility in Poland and resultant increase in production capacity and efficiency, 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.

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Copyright (c) 2018 TheNewswire - All rights reserved.

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