April 27, 2010 08:00 AM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--GreenShift Corporation OTC Bulletin Board: GERS - News) today announced its execution of an agreement with Marquis Energy, LLC (“Marquis Energy”), pursuant to which GreenShift has granted Marquis Energy a license to use GreenShift’s patented corn oil extraction technologies at Marquis Energy’s 100 million gallon ethanol plant in Hennepin, Illinois.
Under the terms of the agreement, Marquis Energy will operate its existing facility based on GreenShift’s patented corn oil extraction technologies. In addition, GreenShift will provide Marquis Energy with technical support, yield optimization and corn oil marketing services with a view towards maximizing the performance and benefits of Marquis Energy’s existing corn oil extraction installation.
Mark Marquis, President and General Manager of Marquis Energy, stated that: “We are confident that the license with GreenShift is a win-win for both companies. The financial structure provides natural incentives for both Marquis Energy and GreenShift as we each gain from increased performance, yield and product value. GreenShift invented and patented its corn oil extraction processes, and the superior process knowledge and technical expertise of GreenShift’s team is clear. In only a few weeks, GreenShift was able to review our currently installed equipment and implement a technical plan that included a series of adjustments to systematically improve the reliability and production of our existing extraction system. Current results indicate that GreenShift has more than doubled our oil yields. We believe that we will make more money with GreenShift than without.”
See It all Here
Marquis Energy Here
SkunK
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Why may this be a tipping point?
There is an ongoing titanic struggle for the Corn Oil Extraction Business in the Ethanol Industry.
Speak softly and carry a big stick.
GreenShift - the first - the inventors - and armed with numerous patents are trying to make business partners out of the +40 or so Plant infringers who are already using their technology. Using increased technology and experience they are set to make a win/win situation for the plants - where they make more money and receive a license. One of the most important things in today's release is this: "Current results indicate that GreenShift has more than doubled our oil yields." Even with the assumed 20% royalties being paid this makes a HUGE addition to bottom line of the Ethanol Producers who come aboard. WE may see additional movement of the remaining plants who have un-patented COES as they realize the potential here! The very REAL threat of litigation is the big stick that hopefully is rarely swung.
ICM, as an example of the other side, is passing out indemnifications to their customers, which is said to protect ". . . harmless from all claims, liabilities, and costs including attorney fees arising out of the infringement . . ." Again, if you followed the SkunK's math you can see this promise seems empty - if it involves more than a couple customers and more than a short period of time. We have seen NO new non- patented corn oil extraction customers. We have seen the "Blow Out Sale" including tricanter centrifuges for sale at ICM. With huge costs and lead times to acquire centrifuges - it frankly appears to an outsider that ICM may be starting to cut bait while a trophy business partner just jumped in GreenShifts boat!
With yesterdays sighting of the sale of the
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ps. With Gobal Ethanol's previous announcement for the 100mmgy Plant at Lakota and today's 110mmgy Marquis Ethanol Plant - GreenShift is well over 20% of their #1 2010 goal of an additional billion gallons of Ethanol production tapped for corn oil production.
"1. Execute new corn oil extraction license agreements during 2010 with ethanol producers with an aggregate capacity of at least 1 billion gallons per year of ethanol; "
Picture: This plant has a dang port on the Illinois River! Is that kool or what? Notice the plant in the background. I wonder how much this reduces shipping costs?
Located in Hennepin, IL, 45 miles north of Peoria on the Illinois River, this facility is currently producing 110 million gallons of ethanol per year. Marquis Energy also produces 330,000 tons of hi-protein bio-energy feed (DDG or Dried Distiller's Grain) and 1.7 million gallons of corn oil. Marquis Energy does all this by purchasing 40 million bushels of corn per year from Illinois producers.
Besides the river, which will also transport the plant’s corn and distillers grains, the site offers several other infrastructure benefits. “We’re near a mainline railroad that covers the East Coast markets,” Marquis said. “We’re near three interstates. We’ve got [access to] 250 million bushels of corn in an eight-county area. There’s an electric plant a mile away, and two natural gas pipelines adjacent to our property. This site is hard to beat in terms of infrastructure.”
1 comment:
Sudden turnarounds/rebounds do happen. For example ...
http://www.google.com/finance?client=ig&q=PINK:BBRE
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