Wednesday, May 20, 2009

GreenShift Increases Backlog, Poised for Growth Ahead

GreenShift Corporation is making big waves in the alternative energy community with its unique corn oil extraction technology. Earlier this month, the company announced term sheets with several corn ethanol producers that correspond to more than 15 million gallons per year of extracted corn oil. The significant interest is a great sign for the future.

Unlike many other biofuels, GreenShift’s corn oil extraction technologies are widely considered to be the quickest path for margin improvement for existing corn ethanol producers. It is capable of extracting more than 6.5 gallons of previously unrecovered crude corn oil from every 100 gallons of ethanol produced, which equates to a 7% increase in production with little added cost.

In the end, GreenShift’s term sheets is a preclude to drafting and executing final agreements for the construction of facilities based on its proprietary technologies. If successful, these term sheets would increase the company’s backlog to more than 55 million gallons per year with its existing contracts. And this represents substantial revenue opportunities going forward.

Rest of Article here:
http://theotcinvestor.com/greenshift-increases-backlog-poised-for-growth-ahead-233/
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With the 1Q coming out today - 20th of May
Should make for an interesting day,
SkunK

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