GERS 5/7/2009 9:08:00 AM
NEW YORK, May 07, 2009 (BUSINESS WIRE) --
GreenShift Corporation (OTC Bulletin Board: GERS) today announced that its proprietary corn oil extraction technologies have been included in the analyses completed by the U.S. Environmental Protection Agency ("EPA") on the contribution of corn ethanol to the renewable fuels 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 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, Regulation of Fuels and Fuel Additives: Changes to Renewable Fuel Standard Program (the "RFS2 Program"), which was supported by a Draft Regulatory Impact Analysis ("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 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 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 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 of corn oil biofuel feedstock."
Entire Article Here:
http://www.stockhouse.com/News/USReleasesDetail.aspx?n=7306332
Government Recognition is Huge
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SkunK
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