GS CleanTech Executes Agreement with Ethanol Producer to Extract Corn Oil for Conversion into Biodiesel
corn oil extraction technology.
prevailing fuel prices.
biodiesel feedstock.
operating officer.
towards maximizing the yield of corn-based ethanol production.
Traditional ethanol processing converts each bushel of corn, which
weighs about 54 pounds, into about 18 pounds of ethanol, 18 pounds of
carbon dioxide, and 18 pounds of distillers dried grains (DDG), which
contain about 2 pounds of fat. This corresponds to a corn to clean
fuel conversion efficiency of about 33%, or about 2.8 gallons of clean
fuel per bushel of corn. GS CleanTech's ambition is to increase this
efficiency as much as possible.
GS CleanTech's patent-pending corn oil extraction and biodiesel
processing technologies convert the fat in the DDG into a high grade
corn oil that can then be converted into biodiesel on close to a 1:1
volumetric basis. This increases the corn to clean fuel conversion
efficiency described above to 36%, or about 3.0 gallons of clean fuel
per bushel of corn.
Winsness added: "The increased yield per bushel may not seem like
much, but it adds up. Our corn oil extraction program allows a typical
50 million gallon per year ethanol production facility to increase
their revenues by about 3.5%. That works out to as much as $4.7
million in additional annualized sales. We are very excited by the new
agreement with the ethanol facility and, with many more systems in our
hard sales pipeline, we look forward to increased opportunities to
help ethanol producers and their communities maximize their fuel yield
out of their existing crops."
One Kernel to Two Fuels with GS CleanTech's Corn Oil Extraction
Systems(TM)
Currently, the majority of ethanol production is based on a dry
milling technique that utilizes more than 1 billion bushels of corn to
produce 3 billion gallons per year of ethanol (Fuel
#1). The dry mill
process converts the starch from the kernel of corn into sugar and
then the sugar into ethanol. The balance of the corn (non-starch
components) then goes through a dewatering and dehydration process
where the byproduct is sold as a commercial feed ingredient called
distillers dried grain. DDG contains the majority of the corn oil that
was present in the kernel. Today, the 1 billion bushels of corn
currently used in the dry mill ethanol process contain roughly 300
million gallons of corn oil that is currently sold for about $0.035
per pound as commercial feed. GS CleanTech's corn oil extraction
technology presents another option - cost effective conversion into
biodiesel (Fuel
#2).
GS CleanTech's Corn Oil Extraction System(TM) offers the following
compelling benefits for ethanol producers:
-- Increased Revenue - The corn oil extracted is readily amenable
to refining into biodiesel fuel which creates a new revenue
stream for participating ethanol facilities;
-- Reduced Operating Costs and Emissions - Corn oil removal can
improve drying efficiency by more than 10% with reduced
natural gas or coal needs and reduced emissions (NOx, SOx,
VOC, and CO2);
-- Low Operating Costs - The system requires less than $0.05 per
gallon of corn oil produced;
-- High Recovery Rates - The technology is capable of recovering
up to 75% of the corn oil within the DDG; and,
-- Increased Inclusion Rates - Corn oil removal can improve
defatted DDG marketability and inclusion rates by reducing fat
content.
Pictures and video of the GS CleanTech's corn oil extraction
technology are available online at
www.veridium.com/cornoil.php- this system is in use today and efficiently recovers corn oil from
concentrated thin stillage.
About GS CleanTech Corporation
GS CleanTech Corporation provides applied engineering and
technology transfer services based on clean technologies and process
innovations that make it cost-effective and easy to recycle and reuse
resources.
GS CleanTech is a majority-owned subsidiary of GreenShift
Corporation (OTC Bulletin Board: GSHF), a company devoted to
facilitating the efficient use of natural resources.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking statements" within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, as amended by the
Private Securities Litigation Reform Act of 1995. Those statements
include statements regarding the intent, belief or current
expectations of GS CleanTech Corporation, and members of their
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that could
cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation to
update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
Contacts:
GS CleanTech Corporation, 888-895-3585
Fax: 646-572-6336
investorrelations@greenshift.com
www.greenshift.comor
Investor Relations:
CEOcast, Inc.
Andrew Hellman, 212-732-4300
or
Public Relations:
Walek & Associates
Deborah McCandless, 212-590-0523
Fax: 212-889-7174
dmccandless@walek.com
www.walek.com §
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