Greenshift(OTCBB: GERS), a company that develops and commercializes clean technologies that facilitate the efficient use of natural resources, announced last week that it has been granted U.S. Patent No. 7,601,858, titled “Method of Processing Ethanol Byproducts and Related Subsystems” for the extraction of corn oil. The patent covers processes for recovering corn oil by evaporating, concentrating and mechanically processing thin stillage, a precursor to the distillers grain co-product of corn ethanol production. The patent allows the company to tap into a new reserve of inedible crude corn oil, with an estimated industry-wide output of about 20 million barrels per year. The corn oil is a valuable second generation feedstock for use in the production of biodiesel and renewable diesel, thereby enhancing total fuel production from corn and increasing ethanol plant profits. In related news last week, the company has filed legal action in the United States District Court against GEA Westfalia Separator, Inc. and others in the industry for infringing on GreenShift’s recently awarded patent covering corn oil extraction technology. The suit alleges that Westfalia and others in the industry infringed on the aforementioned patent and that Westfalia solicited several industry members into using the company’s now patented technology well after the patent applications were published. Shares remained unchanged at under a penny on the week.
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This CEOcast Weekly newsletter is one among many that is paid by the companies involved to communicate their news to investors. For the uninitiated that is called "advertising". You can always glance at the disclaimers to see what the rates are. The "news" is what we saw last week. The significance I give it is it may signal a start of a company outreach program which may have an effect on pps. . . . Or it may be used to support the price as we move quickly towards the 10B OS. Huge volume in the last couple days. What I am saying is, the first one in a while means something. You'll have to decide what.
Good Luck,
SkunK
Sunday, October 18, 2009
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