GS CleanTech Releases Process Demonstration of CO2 Bioreactor Technology.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- GS CleanTech Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :GSCT GSCT Government Security Certification Test ) today announced its release of a process demonstration of GS CleanTech's patented carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. bioreactor bioreactor a container in which living organisms carry out a biological reaction. technology. The process demonstration, as well additional technical and other information on GS CleanTech's CO2 Bioreactor technology, is available online at www.gs-cleantech.com. GS CleanTech's Carbon Dioxide Bioreactor GS CleanTech's CO2 Bioreactor efficiently converts a concentrated supply of CO2 into oxygen and biomass. The oxygen output of the bioreactor can be used to increase the efficiency of, and decrease the emissions associated with, on-site combustion and other processes. The biomass output of the bioreactor can be harvested and converted into ethanol, biodiesel and/or biomass-derived synthetic fuels through an enzymatic process or, preferably, gasification gas·i·fy tr. & intr.v. gas·i·fied, gas·i·fy·ing, gas·i·fies To convert into or become gas. gas followed by catalytic conversion into liquid fuels. GS CleanTech's bioreactor is designed to enhance and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. natural photosynthetic processes to capture and then convert carbon dioxide emissions into not one, but two valuable products - oxygen and an algae-based biomass. "The oxygen output of our bioreactor has tremendous value for on-site power generation and gasification processes," said David Winsness, GS CleanTech's president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Impact on Coal Gasification A standard coal gasification facility gasifies and partially oxidizes prepared coal with oxygen and heat into a hydrogen rich synthesis gas, or syngas
Syngas (from synthesis gas) is the name given to a gas mixture that contains varying amounts of carbon monoxide and hydrogen generated by the gasification of a carbon containing fuel to a gaseous product with . The syngas is combusted and converted into electricity in a gas-fired generator. The gasification stage of the process generates carbon dioxide emissions which, in some of the most advanced current practices, is compressed and sequestered se·ques·ter v. se·ques·tered, se·ques·ter·ing, se·ques·ters v.tr. 1. To cause to withdraw into seclusion. 2. To remove or set apart; segregate. See Synonyms at isolate. 3. underground in saline formations or the like. The carbon capture and sequestration sequestration In law, a writ authorizing a law-enforcement official to take into custody the property of a defendant in order to enforce a judgment or to preserve the property until a judgment is rendered. stage of this process increases operating costs by more than 20% as compared to standard coal-fired gasification. As applied at a coal gasification facility, GS CleanTech's bioreactor consumes exhaust carbon dioxide and has the potential to offset the substantial operating and capital costs associated with conventional oxygen production while producing a valuable biomass co-product that can be used to enhance the plant's power output and/or add new revenues arising from the production and sale of biomass-derived fuels. Impact on Ethanol Facilities A 50 million gallon per year dry mill ethanol production facility consumes about 500,000 tons of corn. About one third of this mass exits the dry mill ethanol production process at the fermentation stage in the form of exhaust carbon dioxide. As applied at a standard dry mill ethanol production facility, GS CleanTech's bioreactor consumes exhaust carbon dioxide and has the potential to significantly enhance the net energy value of corn-derived ethanol processes by producing a number of valuable co-products that can increase plant output and gross margins. Additional information on this and GS CleanTech's Ethanol Programs is available online at www.gs-cleantech.com. Winsness added: "While these carbon emissions are converted into renewable fuels and eventually combusted, they offset use of more carbon intensive and less efficient virgin petroleum hydrocarbons." "We believe that the resolution to many of the environmental challenges we face today can be found in the cost-savings and increased profits that flow from consuming natural resources, such as coal or corn, more efficiently. We are very excited about our work with this technology." GS CleanTech is currently deploying its first commercial scale pilot bioreactor system and anticipates use of the technology at an early adopter ethanol facility to demonstrate its ability to materially enhance the net energy value of corn-derived ethanol processes. About GS CleanTech Corporation GS CleanTech Corporation (OTC Bulletin Board:GSCT) 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. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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