“GreenShift has shown that corn oil extraction enhances ethanol production efficiencies by increasing biofuel yield while reducing energy use," said Trevor Bourne Global Ethanol’s CEO. "This in turn improves cash flow and plant profitability.” An estimated 20 percent of the U.S. ethanol industry currently uses GreenShifts’s technology.
Kevin Kreisler, Greenshift CEO, hopes to expand the use of extraction technology. “Our chief goal for 2010 is to support the integration of our patented extraction technologies into as much of the U.S. ethanol fleet as possible,” Kreisler said. Global Ethanol will finance, build, own and operate a facility based on GreenShift’s technology in exchange for an ongoing royalty payment of roughly 20 percent of the market price of the extracted corn oil at the time of shipment.
Entire Article Here:
http://www.biomassmagazine.com/article.jsp?article_id=3393
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Another reason for this change in licensing is very important. Greenshift estimates that 20% of the industry uses its patented technology. If the ongoing patent court cases uphold the US patent system as the SkunK expects. . , (it seems most of the present arguments are based on liability BEFORE the patents were issued - the liability AFTER is a much higher hill to climb for the patent infringers.) then 20% of the industry owes 20% of its corn oil production to Greenshift - with the meter running - at least from the date of patent issue. This licensing will make it much easier for Greenshift to negotiate implementation of the patents with each plant. Greenshift does NOT want to send years in court with its customers.
SkunK
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