Red Trail Energy is a coal fired Ethanol Plant in North Dakota. A year ago they were scheduled to be the 8th COES in the GERS stable. Since then, I believe all Greenshift COES construction was suspended during the credit crunch. It appears Red Trail is again looking seriously at getting a COES system. Will it be with Greenshift? I believe Letters of Intent were signed to include them in previous backlogs.
If it is, then it seems construction may soon restart - ". . . system implemented during the second quarter. . ."
We will monitor the news to find out. In the meantime here is an excerpt from the Red Trail Energy Q recently released:
"We continue to evaluate various corn oil extraction systems in an effort to add another revenue stream to our operation but have not yet signed a definitive agreement for the installation of the equipment or sale of product. If we continue to pursue this option, we believe it may be possible to have a system implemented during the second quarter of 2010." (3Q p. 19 )
http://www.sec.gov/Archives/edgar/data/1359687/000114420409059646/v166370_10q.htm
SkunK
Thursday, November 19, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment