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EPA Cites GreenShift Technology as Part of Renewable Fuels Analysis.

ENERGY RESOURCE-7 May 2009-EPA Cites GreenShift Technology as Part of Renewable Fuels Analysis(C)2009 JeraOne -

GreenShift Corporation today said its proprietary corn oil extraction technologies have been included in the analyses completed by the U.S. Environmental Protection Agency on the contribution of corn ethanol to the renewable fuels industry.

On May 5, the EPA signed a notice of proposed rulemaking, "Regulation of Fuels and Fuel Additives: Changes to Renewable Fuel Standard Program" (the RFS2 Program), which was supported by a Draft Regulatory Impact Analysis made available on the same date.

The two documents were drafted to solicit comments pertaining to proposed new rules to increase requirements to use renewable fuels for the nation's transportation fuel supply.

"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 its corn oil extraction patent applications.

GreenShift now has five operating corn oil extraction facilities and 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.

The extraction rate translates to a total market opportunity of 680 million gallons per year of inedible feedstock for conversion into advanced biofuel.

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Publication:Energy Resource
Date:May 7, 2009
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