Ethanol Producer Magazine

Check out this NEW article from Ethanol Producer magazine:

A few days after the algae project announcement, the company said it planned to install corn oil extraction technology at a total cost of $18 million. The corn oil extraction project is expected to be completed by the end of the first quarter of 2011. GPRE expects to enhance its operating income by $15 million to $19 million per year. "It’s a very nice value added revenue stream for us and for ethanol,” Stark said.


ICM Inc. will install the corn oil extraction technology at five of the company’s six plants, all originally built by that company. The sixth plant, located in Superior, Iowa, is a Delta-T plant and GPRE is currently working to get that under contract as well.


Due to an ongoing lawsuit between ICM and GS CleanTech Corp., a subsidiary of GreenShift Corp., GPRE has also entered into a license agreement with GS CleanTech to utilize its patents and pending patents, Stark said.


SEE HERE

Seems to suggest why ICM has the contract to install the COES for five of the six ethanol plants.  Also why GPRE entered into the license agreement - "Due to an ongoing lawsuit . . ."


It also does not say that the patent agreement(s) are limited to the COES.  GreenShift has at least 12 patents pending. 


We will have to wait for GreenShift to explain - although everyone will surely take a stab at this.  Its part of the fun.  Will we get a GreenShift explanation after GPRE advises on its 2Q on the 29th?  Will it be in conjunction with the 2 August R/S?  or will it be in the next scheduled filing - our 2Q between 15-20 Aug?

My guess is there is a news gag agreement as part of the deal.  GERS and ICM have to be quiet for a while so the focus is on GPRE.  GPRE seems smart enough to insist - that since they are the customer - the PR will be about them.  GPRE is paying the bills so they can make the rules.  They are a public company and have a legitimate interest in getting their message out to their investors - Not have two litigants drown them out.  So I expect after a reasonable time both GERS and ICM will present their sides in appropriate PRs. 

SkunK's Take on this:
This is GREAT NEWS, details to follow!

SkunK