GreenShift's Corn Oil Extraction Technology Featured in U.S. EPA's Proposed Changes to Renewable Fuel Standard.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 -- GreenShift 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. : GERS) today announced that its proprietary corn oil corn oil
A pale yellow liquid obtained from the embryos of corn grains, used especially as a cooking and salad oil and in the manufacture of margarines.
Noun 1. extraction technologies have been included in the analyses completed by the U.S. Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and ("EPA EPA eicosapentaenoic acid.
n.pr See acid, eicosapentaenoic.
n. ") on the contribution of corn ethanol Corn ethanol is ethanol produced from corn as a biomass through industrial fermentation, chemical processing and distillation. It is primarily used in the United States as an alternative to gasoline and petroleum. to the renewable fuels Renewable fuels are alternative fuel sources such as ethanol, biodiesel (e.g. soy, vegetable oils, animal fats, or recycled restaurant greases) or hydrogen, in contrast to non-renewable fuels such as natural gas, LPG (propane). industry.
GreenShift's corn oil extraction technologies make possible the production of biodiesel from inedible corn oil, a previously untapped feedstock entrained in the distillers' grain co-product of corn ethanol production. This increases the yield of biofuel bi·o·fuel
Fuel such as methane produced from renewable resources, especially plant biomass and treated municipal and industrial wastes.
bi from corn by 7% while reducing the amount of fossil fuels used in the corn ethanol production process by up to 10%.
On May 5, 2009, the EPA signed a notice of proposed rulemaking A notice of proposed rulemaking or NPRM is issued by law when a regulatory agency of the United States Federal Government wishes to add, remove, or change a rule (or regulation) as part of the rulemaking process.
Outside the USA. , Regulation of Fuels and Fuel Additives: Changes to Renewable Fuel Standard Program (the "RFS (Remote File System) A distributed file system for Unix computers introduced by AT&T in 1986 with Unix System V Release 3.0. It is similar to Sun's NFS, but only for Unix systems. 2 Program"), which was supported by a Draft Regulatory Impact Analysis In many countries, a Regulatory Impact Analysis or Regulatory Impact Assessment (RIA) is a document created before voting a new regulation. Its role is to perform a detailed evaluation of the potential impacts of this new regulation and establish whether it would have the ("DRIA") made available on the same date. These two documents were drafted to solicit comments pertaining to proposed new rules to increase requirements to use renewable fuels as an important part of the nation's transportation fuel supply. The EPA specifically refers to GreenShift's corn oil extraction technologies in the RFS2 notice and the DRIA:
* "The corn oil process on which we have chosen to focus for cost and volume estimates in this proposal is one that extracts oil from the thin stillage Stil´lage
n. 1. (Bleaching) A low stool to keep the goods from touching the floor. after fermentation (the non-ethanol liquid material that typically becomes part of distillers' grains with solubles). We believe installation of this type of equipment will be attractive to industry because it can be added onto an existing dry mill plant and does not impact ethanol yields since it does not process the corn prior to fermentation."
* "According to economic analyses done by USDA USDA,
n.pr See United States Department of Agriculture. based on the GS CleanTech [GreenShift's wholly-owned cleantech development subsidiary] corn oil extraction process, the capital cost to install the system for a 50 [million gallon per year] ethanol plant is approximately $6 million."
* "In an adjustment to the traditional dry mill ethanol process, corn oil is removed after the ethanol distillation process from the syrup using centrifuges. With this adjustment a 100 [million gallon per year] plant can produce an additional 7 million gallons of corn oil (biodiesel) and thus increase [an ethanol] plant's fuel production by 7%."
* "Depending on the configuration, such a system can extract 20-50% of the oil from the co-product streams, and produces a distressed corn oil (non-food-grade, with some free fatty acids and/or oxidation by-products) product stream which can be used as feedstock by biodiesel facilities."
* "In addition to generating an additional revenue stream from the fuel-grade corn oil, reducing the oil content of the [distillers' grain] improves its flowability and concentrates its protein content. The de-fatted [distillers' grain] is more marketable than [distillers' grain] containing corn oil as higher quantities can be included in dairy and beef cattle feed."
* "Furthermore, the deoiled [distillers' grain] is believed to be of higher value as a feed particularly for cattle operations and have lower energy requirements and VOC (Vertical Online Community) See vertical portal. emissions during the [distillers' grain] drying process. GS CleanTech Corp. is currently implementing the process in 4 ethanol plants."
* "Since it offers another stream of revenue, we believe it is reasonable to expect about 40% of projected total ethanol production to implement some type of oil extraction process by 2022 generating approximately 150 million gallons per year Million gallons per year is a measure of large-scale liquid production, consumption, or throughput. It is variously abbreviated as mgy, MGY, mmgy, MMgy, or MMGY. of corn oil biofuel feedstock."
As an update to the EPA analysis, GreenShift now has five operating corn oil extraction facilities. In addition, GreenShift has proven that it can extract upwards of 6.5 gallons of previously unrecovered inedible crude corn oil from the distillers grain co-product of corn ethanol production for every 100 gallons of ethanol produced. This translates to a total market opportunity of 680 million gallons per year of inedible feedstock for conversion into advanced biofuel with the U.S. corn ethanol complex producing 10.5 billion gallons per year. 40% of the total market opened up by GreenShift's extraction technologies is about 270 million gallons per year. GreenShift has about 6% of this market today with its existing agreements to extract 40 million gallons per year of corn oil for refining into biodiesel or renewable diesel.
"GreenShift pioneered corn oil extraction technology," said David Winsness, GreenShift's Chief Technology Officer. "We have refined its value proposition to the corn ethanol industry with a substantial investment and a great deal of hard work. Our ambition is to build value for our shareholders by making a material positive contribution to U.S. renewable fuel production with our technologies. We are thankful and proud that the EPA has recognized the favorable contribution of corn oil extraction technology on corn ethanol production efficiencies and sustainability. We look forward to delivering the many benefits of corn oil extraction to our current and future ethanol clients."
GreenShift recently received Notices of Allowance from the U.S. Patent and Trademark Office for the first two of GreenShift's corn oil extraction patent applications.
GreenShift's technical services staff Technical Services Staff is the United States Central Intelligence Agency component responsible for providing supporting gadgets, disguises, forgeries, secret writings, weapons and assassinations. is available at 888-ETHANOIL or firstname.lastname@example.org to respond to quotation requests and to answer any questions about GreenShift's corn oil extraction and other technologies.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift's revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process. Additional information is available online at www.greenshift.com.
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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 GreenShift Corporation and members of its 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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|Date:||May 7, 2009|
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