Ethanol production, which was virtually nonexistent in the U.S. in 1980, grew to 6.5 billion gallons per year by 2007, fueled by federal subsidies and mandates requiring ethanol to be mixed with gasoline.
The current federal subsidy is 51 cents per gallon for ethanol/gasoline. Many states offer additional subsidies or tax credits to encourage ethanol production or consumption. Wisconsin, for example, offers a 20-cent-per-gallon subsidy, up to 15 million gallons.
That’s equivalent to $71,400 per worker for an average-sized plant in Wisconsin, Cotti explained.
SEE HERE
*****************
State subsidies are a subject that I never see covered. I suspect they are well known to those in the industry. The Wisconsin example adds up to .20x15M=$3M/year. Looks like they use an average of 42 employees/plant to get their figures which seems about right. GreenShift has a COES in Utica, WI, a contract with a plant in Milton WI and patent litigation against a plant in Stanley, Wisconsin.
******************
For a Michigan take:
"If a state wants to play a significant role in the emerging biofuel industry, then policymakers may need to consider ethanol incentives," Skidmore said. "States such as Iowa and Nebraska offered ethanol incentives relatively early and this has enabled them to lead the industry - - plus those two states also have ideal corn growing conditions. But even states such as Oklahoma and Montana, which can't grow corn very well, offer ethanol subsidies. Like Michigan, this could set them up to be leaders in the cellulosic ethanol industry when that becomes commercially viable."
SEE HERE
******************
For those who want to see the actual study these articles are based on -
SEE IT HERE
SkunK
Wednesday, June 30, 2010
Monday, June 28, 2010
Whats up? - Get it DONE!
Todd Neeley has an excellent blog on the biodiesel credit - SEE HERE
The Senate has failed twice to pass a tax extenders bill that would renew the credit for this year.
Frohlich said that Senate leadership could break the bill apart, to allow for separate votes on individual proposals, or the Senate may move on energy legislation in July.
An energy bill could include a cap and trade climate change measure, which is opposed by agriculture.
(The Farmer, June 24, 2010)
There has been discussion about renewing the credit for the rest of 2010. However, the biodiesel industry has virtually shut down. Without a longer-term extension it would be difficult to restart production with only five months or so left on the blenders credit. That provides no long-term certainty. (Todd Neeley)
****************************
SkunK Comment
Corn oil may be one of the few feedstocks that can still be profitable without the tax credit. However, this government payment of a dollar a gallon has spurred the industry. Loans were made and capital invested based on it. With all the talk of support for a clean economy and clean jobs - not being able to even continue a prior program that has bi-partisan support - is a terrible indictment of Federal leadership. It also hurts the credibility of all government supported programs. Haphazard, undependable support is worse than no support at all. Prior to this breakdown of trust a year to year deal was doable. Now only a multi year deal will bring the private investor back to the biodiesel industry.
SkunK
The Senate has failed twice to pass a tax extenders bill that would renew the credit for this year.
Frohlich said that Senate leadership could break the bill apart, to allow for separate votes on individual proposals, or the Senate may move on energy legislation in July.
An energy bill could include a cap and trade climate change measure, which is opposed by agriculture.
(The Farmer, June 24, 2010)
There has been discussion about renewing the credit for the rest of 2010. However, the biodiesel industry has virtually shut down. Without a longer-term extension it would be difficult to restart production with only five months or so left on the blenders credit. That provides no long-term certainty. (Todd Neeley)
****************************
SkunK Comment
Corn oil may be one of the few feedstocks that can still be profitable without the tax credit. However, this government payment of a dollar a gallon has spurred the industry. Loans were made and capital invested based on it. With all the talk of support for a clean economy and clean jobs - not being able to even continue a prior program that has bi-partisan support - is a terrible indictment of Federal leadership. It also hurts the credibility of all government supported programs. Haphazard, undependable support is worse than no support at all. Prior to this breakdown of trust a year to year deal was doable. Now only a multi year deal will bring the private investor back to the biodiesel industry.
SkunK
Thursday, June 24, 2010
Wednesday, June 23, 2010
David Winsess Presentation Featured in BioDiesel Article
Encouraging numbers for corn oil feedstock
The chief technology officer for Greenshift Corp., David Winsness, said only about 4 MMgy of post-ferm corn oil was being extracted from whole stillage at U.S. ethanol plants in May 2007. Two years later, however, that number grew to 33 MMgy. By May 2010 as much as 44 MMgy of post-ferm corn oil was removed and sold as biodiesel feedstock or for other uses. Winsness said by 2022, it is expected that up to 680 MMgy of post-ferm corn oil will be siphoned from the back-end of U.S. ethanol plants.
". . . $830 million of new money . . . "
Winsness said the earlier Greenshift extraction modules were able to secure up to 0.9 pounds per bushel (lbs/bushel) of corn oil, but by applying the company’s latest advanced method, up to 1.7 lbs/bushel of post-ferm corn oil can be extracted. He said ethanol producers can make up to 7.9 cents per gallon of ethanol produced off of selling their post-ferm corn oil. “This could mean $830 million of new money to this industry,” Winsness said.
"It’s barbaric . . . "
"While most corn fractionation processes involve front-end component separation after which the nonstarch streams can be sold into various higher-value markets, Greenshift has trademarked the term Backend Fractionation to represent the selective and efficient removal of valuable components within the whole stillage. “It’s barbaric to use a hammer and chisel approach to separating corn components,” said Winsness of some front-end frac processes.
SEE Article HERE
SEE David Winsness/GERS Presentation HERE
SkunK
SkunK note:
Did you notice the theme of "Innovation, not Imitation" repeated throughout the GERS presentation? Also note that the ICM presenter spends all his time trying to say how they are "different" from their competitor - GreenShift. It is important? That they use a "different" centrifuge and somehow are they trying to imply that they are outside the patent?
The FLOTTWEG TRICANTER is a DECANTER CENTRIFUGE. (go to ICMINC.com/Go to "Inventory Elimination Blowout"/Drag down "centrifuges" for description of Flottweg Tricanter) For those who think this somehow saves ICM from patent litigation just go to the first GERS patent HERE. Got to "Edit", then go to "find on this page". Insert "decanter" and you will see that it is listed 8 times in the patent.
Words such as those below seem to be there to specifically STOP ICM or anyone else from using a simple substitution of one device for another to run around the patent. I suggest those who think using a horizontal centrifugal decanter is a good defense need to read the APPROVED GERS patent.
"The descriptions are not intended to be exhaustive or to limit the disclosed invention to the precise form disclosed. Modifications or variations are also possible in light of the above teachings. For example, the syrup recovered from the centrifuge may be evaporated and processed again in a further effort to recover oil before drying. Moreover, in addition to a self-cleaning bowl type of disk stack centrifuge, a nozzle bowl disk stack centrifuge would work as a means for recovering oil from the concentrate, as would a horizontal centrifugal decanter (which may be especially beneficial when the moisture content of the concentrate is less than 50% by weight) or other like devices for separating oil from a substance including suspended solids.
************************
While GERS has continued to license their patented COES to at least three Ethanol Plants (and 5? COES) since the litigation began last fall - ICM has failed to announce one addtional corn oil extraction customer during the same time period.
It appears the Ethanol Industry is voting with what counts - their checkbooks!SkunK bottom line is GERS would be using a DECANTER CENTRIFUGE if it worked the best. It would still be covered by the Greenshift Patents. ICM has used the DECANTER CENTRIFUGE and has had all sorts of reliability problems that users have wrote about in their public filings. SEE HERE
The chief technology officer for Greenshift Corp., David Winsness, said only about 4 MMgy of post-ferm corn oil was being extracted from whole stillage at U.S. ethanol plants in May 2007. Two years later, however, that number grew to 33 MMgy. By May 2010 as much as 44 MMgy of post-ferm corn oil was removed and sold as biodiesel feedstock or for other uses. Winsness said by 2022, it is expected that up to 680 MMgy of post-ferm corn oil will be siphoned from the back-end of U.S. ethanol plants.
". . . $830 million of new money . . . "
Winsness said the earlier Greenshift extraction modules were able to secure up to 0.9 pounds per bushel (lbs/bushel) of corn oil, but by applying the company’s latest advanced method, up to 1.7 lbs/bushel of post-ferm corn oil can be extracted. He said ethanol producers can make up to 7.9 cents per gallon of ethanol produced off of selling their post-ferm corn oil. “This could mean $830 million of new money to this industry,” Winsness said.
"It’s barbaric . . . "
"While most corn fractionation processes involve front-end component separation after which the nonstarch streams can be sold into various higher-value markets, Greenshift has trademarked the term Backend Fractionation to represent the selective and efficient removal of valuable components within the whole stillage. “It’s barbaric to use a hammer and chisel approach to separating corn components,” said Winsness of some front-end frac processes.
SEE Article HERE
SEE David Winsness/GERS Presentation HERE
SkunK
SkunK note:
Did you notice the theme of "Innovation, not Imitation" repeated throughout the GERS presentation? Also note that the ICM presenter spends all his time trying to say how they are "different" from their competitor - GreenShift. It is important? That they use a "different" centrifuge and somehow are they trying to imply that they are outside the patent?
The FLOTTWEG TRICANTER is a DECANTER CENTRIFUGE. (go to ICMINC.com/Go to "Inventory Elimination Blowout"/Drag down "centrifuges" for description of Flottweg Tricanter) For those who think this somehow saves ICM from patent litigation just go to the first GERS patent HERE. Got to "Edit", then go to "find on this page". Insert "decanter" and you will see that it is listed 8 times in the patent.
Words such as those below seem to be there to specifically STOP ICM or anyone else from using a simple substitution of one device for another to run around the patent. I suggest those who think using a horizontal centrifugal decanter is a good defense need to read the APPROVED GERS patent.
"The descriptions are not intended to be exhaustive or to limit the disclosed invention to the precise form disclosed. Modifications or variations are also possible in light of the above teachings. For example, the syrup recovered from the centrifuge may be evaporated and processed again in a further effort to recover oil before drying. Moreover, in addition to a self-cleaning bowl type of disk stack centrifuge, a nozzle bowl disk stack centrifuge would work as a means for recovering oil from the concentrate, as would a horizontal centrifugal decanter (which may be especially beneficial when the moisture content of the concentrate is less than 50% by weight) or other like devices for separating oil from a substance including suspended solids.
************************
While GERS has continued to license their patented COES to at least three Ethanol Plants (and 5? COES) since the litigation began last fall - ICM has failed to announce one addtional corn oil extraction customer during the same time period.
It appears the Ethanol Industry is voting with what counts - their checkbooks!SkunK bottom line is GERS would be using a DECANTER CENTRIFUGE if it worked the best. It would still be covered by the Greenshift Patents. ICM has used the DECANTER CENTRIFUGE and has had all sorts of reliability problems that users have wrote about in their public filings. SEE HERE
Tuesday, June 22, 2010
StockGuru Spotlight
Greenshift Corp. is in the StockGuru Spotlight for June 22, 2010
The StockGuru Spotlight features stocks that we expect some action in. Generally speaking we expect a strong showing in the market based on the market, our knowledge of the stock and the buzz in the markets. Many times these will be stocks that have big news out recently, there is fresh interest in getting the word out on these stocks or we hear a buzz in our day to day contacts on these stocks. If we think it is going to move or see action, we put it in the StockGuru Spotlight.
SEE HERE
SkunK
The StockGuru Spotlight features stocks that we expect some action in. Generally speaking we expect a strong showing in the market based on the market, our knowledge of the stock and the buzz in the markets. Many times these will be stocks that have big news out recently, there is fresh interest in getting the word out on these stocks or we hear a buzz in our day to day contacts on these stocks. If we think it is going to move or see action, we put it in the StockGuru Spotlight.
SEE HERE
SkunK
Monday, June 21, 2010
NEW Q&A with Mr Kreisler
The SkunK recently emailed 5 questions to the CEO and Chairman of Board of GreenShift, Kevin Kreisler. The SkunK is happy to report he just received this response:
Q1. Did GreenShift find the FEW Conference rewarding? Can you give us a report on the Dave Winsness presentation?
1 - The FEW provides an excellent forum to interface with prospective clients, strategic partners and other industry stakeholders. We appreciated the opportunity to present. A copy of David's presentation is attached. [SEE HERE]
*****************
Q2. With the Global Ethanol, Marquis Energy and now the United Ethanol Licensing deal recently announced it seems that GreenShift is at least 25% of the way to the stated goal to "Execute new license agreements during 2010 with ethanol producers corresponding to an aggregate capacity of at least 1 billion gallons per year of ethanol." Is this goal and the goal to reach profitability and 30% debt reduction still within GreenShift's grasp this year?
2 - Yes for each goal.
****************
Q3. Is it required to reach some agreement on the patent litigation to achieve these goals? Or can these goals be achieved by years end if the patent litigation is still unresolved?
3 - Ethanol margins are thin and resources are scarce. Our business model is based on increasing the availability of both for our clients, and we are only paid if we are successful - that is, we are only paid when our licensees realize increase profit based on their use of our technologies. Imagine what the industry would look like today if ethanol producers purchased their plants on the same basis. Achieving our goals will require that we earn the business and partnership of producers on the basis of win-win solutions. We have demonstrated that our licensees make more money with GreenShift than without us and we will continue to do so. Further, recall the statistics cited by the EPA earlier this year. By 2022, an estimated 70% of the ethanol industry is expected to use corn oil extraction technology to extract 66% of the available oil and produce about 680 million gallons per year of corn oil. An estimated 25% of the industry is using part of our patented technology today to extract an estimated 22% of available oil. We are focused on all producers, but there is a fair bit of room to grow with producers that are not currently using the technology.
****************
Q4. Many shareholders fear the potential reverse split - although I believe most recognize the need for it. Can you address these shareholder fears and corporate needs?
4 - We used over $50 million of convertible debenture financing to invent, develop and commercialize our portfolio of cleantech, importantly including our now-patented corn oil extraction technologies. A key challenge and objective for us is to decrease and satisfy our remaining convertible debt in cost-effective ways by both avoiding the issuance of new convertible debt on expensive terms and by minimizing the issuance of common stock as much as possible. We believe that we have an actionable plan to achieve this objective based on the transaction announced today and continued success in the trenches by winning new business. The more sales we generate, the more we are paid for the value we created for ethanol producers, the more healthy we will become; and the more debt we will be able to reduce on improved terms. In the meantime, debt repayment on an ongoing basis can be expected in the form of additional common stock issuance. We prefer to avoid a split but it may be required depending on market conditions and the compliance requirements of our debt agreements. We have to balance these factors and the operational realities of our business as we evaluate the potential for a split. We are monitoring the situation and do not take the issues lightly. Additional disclosure here will be provided as and when appropriate.
***************
Q5. Can you give us your thoughts on the Ethanol Industry and where it will be in 12 months?
5 - The ethanol industry is the backbone of America's renewable fuels industry but it must evolve into increased efficiency. Technological innovation will play a key role in that evolution. Fertile areas for development include process efficiency (to increase availability and conversion of starch), enhancing the feedstock mix (integration of cellulosic process technologies can improve margins and decrease producer risk exposure), and co-product optimization (to maximize the value of the two-thirds of the kernel that does not refine into fuel). GreenShift is focused on the last of these - our ambition is to bring the positive financial and environmental benefits and valuable competitive advantages of our technologies to our clients and to continue to make a meaningful contribution to the continued evolution of the ethanol industry.
*************
I would lke to thank Mr. Kreisler for his response,
SkunK
Q1. Did GreenShift find the FEW Conference rewarding? Can you give us a report on the Dave Winsness presentation?
1 - The FEW provides an excellent forum to interface with prospective clients, strategic partners and other industry stakeholders. We appreciated the opportunity to present. A copy of David's presentation is attached. [SEE HERE]
*****************
Q2. With the Global Ethanol, Marquis Energy and now the United Ethanol Licensing deal recently announced it seems that GreenShift is at least 25% of the way to the stated goal to "Execute new license agreements during 2010 with ethanol producers corresponding to an aggregate capacity of at least 1 billion gallons per year of ethanol." Is this goal and the goal to reach profitability and 30% debt reduction still within GreenShift's grasp this year?
2 - Yes for each goal.
****************
Q3. Is it required to reach some agreement on the patent litigation to achieve these goals? Or can these goals be achieved by years end if the patent litigation is still unresolved?
3 - Ethanol margins are thin and resources are scarce. Our business model is based on increasing the availability of both for our clients, and we are only paid if we are successful - that is, we are only paid when our licensees realize increase profit based on their use of our technologies. Imagine what the industry would look like today if ethanol producers purchased their plants on the same basis. Achieving our goals will require that we earn the business and partnership of producers on the basis of win-win solutions. We have demonstrated that our licensees make more money with GreenShift than without us and we will continue to do so. Further, recall the statistics cited by the EPA earlier this year. By 2022, an estimated 70% of the ethanol industry is expected to use corn oil extraction technology to extract 66% of the available oil and produce about 680 million gallons per year of corn oil. An estimated 25% of the industry is using part of our patented technology today to extract an estimated 22% of available oil. We are focused on all producers, but there is a fair bit of room to grow with producers that are not currently using the technology.
****************
Q4. Many shareholders fear the potential reverse split - although I believe most recognize the need for it. Can you address these shareholder fears and corporate needs?
4 - We used over $50 million of convertible debenture financing to invent, develop and commercialize our portfolio of cleantech, importantly including our now-patented corn oil extraction technologies. A key challenge and objective for us is to decrease and satisfy our remaining convertible debt in cost-effective ways by both avoiding the issuance of new convertible debt on expensive terms and by minimizing the issuance of common stock as much as possible. We believe that we have an actionable plan to achieve this objective based on the transaction announced today and continued success in the trenches by winning new business. The more sales we generate, the more we are paid for the value we created for ethanol producers, the more healthy we will become; and the more debt we will be able to reduce on improved terms. In the meantime, debt repayment on an ongoing basis can be expected in the form of additional common stock issuance. We prefer to avoid a split but it may be required depending on market conditions and the compliance requirements of our debt agreements. We have to balance these factors and the operational realities of our business as we evaluate the potential for a split. We are monitoring the situation and do not take the issues lightly. Additional disclosure here will be provided as and when appropriate.
***************
Q5. Can you give us your thoughts on the Ethanol Industry and where it will be in 12 months?
5 - The ethanol industry is the backbone of America's renewable fuels industry but it must evolve into increased efficiency. Technological innovation will play a key role in that evolution. Fertile areas for development include process efficiency (to increase availability and conversion of starch), enhancing the feedstock mix (integration of cellulosic process technologies can improve margins and decrease producer risk exposure), and co-product optimization (to maximize the value of the two-thirds of the kernel that does not refine into fuel). GreenShift is focused on the last of these - our ambition is to bring the positive financial and environmental benefits and valuable competitive advantages of our technologies to our clients and to continue to make a meaningful contribution to the continued evolution of the ethanol industry.
*************
I would lke to thank Mr. Kreisler for his response,
SkunK
Debt Restructure Press Release
GreenShift Enters into Agreements to Reduce and Restructure Debt
Reducing debt will lead to increased strength and enhanced capabilities to win new business,” said Kevin Kreisler, GreenShift’s chairman and chief executive officer. “The new agreements with YA Global provide a realistic mechanism to achieve this while we continue to service the needs of our clients.”
“A key challenge and objective for us is to repay YA Global’s investment in cost-effective ways while minimizing the issuance of common stock as much as possible. YA Global provided us with most of the funds we needed to develop and commercialize our patented and patent-pending technologies, and has been and remains a strong and flexible partner for our business, and we are pleased to have the opportunity to continue to partner with them in this new transaction as we achieve our goals to create value for our clients and shareholders. We look forward to satisfying the conditions for closing of the joint venture transaction and pressing forward,” said Kreisler.
SEE HERE
SkunK
Reducing debt will lead to increased strength and enhanced capabilities to win new business,” said Kevin Kreisler, GreenShift’s chairman and chief executive officer. “The new agreements with YA Global provide a realistic mechanism to achieve this while we continue to service the needs of our clients.”
“A key challenge and objective for us is to repay YA Global’s investment in cost-effective ways while minimizing the issuance of common stock as much as possible. YA Global provided us with most of the funds we needed to develop and commercialize our patented and patent-pending technologies, and has been and remains a strong and flexible partner for our business, and we are pleased to have the opportunity to continue to partner with them in this new transaction as we achieve our goals to create value for our clients and shareholders. We look forward to satisfying the conditions for closing of the joint venture transaction and pressing forward,” said Kreisler.
SEE HERE
SkunK
8-K
ENTRY INTO MATERIAL DEFINITIVE AGREEMENT
On June 17, 2010, GreenShift Corporation and its subsidiaries signed a series of agreements with YA Global Investments, L.P. ("YA Global") to reduce and restructure GreenShift’s convertible debt to YA Global
Summary of Transaction
The agreements call for the creation of a joint venture entity, YA Corn Oil Systems, LLC (“YA Corn Oil” or the “Joint Venture Company”), into which GreenShift has agreed to transfer up to five GreenShift-owned corn oil extraction facilities based on GreenShift’s patented and patent-pending technologies. In exchange, YA Global has agreed to reduce up to $11,700,000 of the convertible debt issued by GreenShift to YA Global. GreenShift will also receive a 20% equity stake in the Joint Venture Company and the right to receive 20% of the Joint Venture Company’s distributable cash upon the realization by the Joint Venture Company of a 20% internal rate of return on its invested capital.
GreenShift further agreed to provide management services to the Joint Venture Company for the ongoing operation and maintenance of the transferred extraction facilities in exchange for certain management and brokerage fees, as well as earnings-based performance bonuses to be paid in the form of up to another $6,000,000 in reduction of GreenShift’s convertible debt YA Global.
If all of the contemplated transfers are completed, GreenShift’s convertible debt due to YA Global will be reduced from about $42 million to about $30 million. This amount can be reduced further down to about $24 million upon realization by GreenShift of the performance bonuses noted above. In addition, the maturity date for the remaining convertible debt due from GreenShift to YA Global will be extended from March 31, 2011 to December 31, 2012.
SEE HERE
***************
More to follow,
SkunK
On June 17, 2010, GreenShift Corporation and its subsidiaries signed a series of agreements with YA Global Investments, L.P. ("YA Global") to reduce and restructure GreenShift’s convertible debt to YA Global
Summary of Transaction
The agreements call for the creation of a joint venture entity, YA Corn Oil Systems, LLC (“YA Corn Oil” or the “Joint Venture Company”), into which GreenShift has agreed to transfer up to five GreenShift-owned corn oil extraction facilities based on GreenShift’s patented and patent-pending technologies. In exchange, YA Global has agreed to reduce up to $11,700,000 of the convertible debt issued by GreenShift to YA Global. GreenShift will also receive a 20% equity stake in the Joint Venture Company and the right to receive 20% of the Joint Venture Company’s distributable cash upon the realization by the Joint Venture Company of a 20% internal rate of return on its invested capital.
GreenShift further agreed to provide management services to the Joint Venture Company for the ongoing operation and maintenance of the transferred extraction facilities in exchange for certain management and brokerage fees, as well as earnings-based performance bonuses to be paid in the form of up to another $6,000,000 in reduction of GreenShift’s convertible debt YA Global.
If all of the contemplated transfers are completed, GreenShift’s convertible debt due to YA Global will be reduced from about $42 million to about $30 million. This amount can be reduced further down to about $24 million upon realization by GreenShift of the performance bonuses noted above. In addition, the maturity date for the remaining convertible debt due from GreenShift to YA Global will be extended from March 31, 2011 to December 31, 2012.
SEE HERE
***************
More to follow,
SkunK
Saturday, June 19, 2010
Court Rulings
Nothing shocking here. One case consolidated, two tied to MDL Panel. Looks like all worked out between the parties.
Plaintiff GS Cleantech Corporation (“Cleantech”) hereby consents to the reassignment of Case No. 1:10-cv-02727, GS Cleantech Corporation v. Center Ethanol, LLC and Lincolnland Agri-Energy, LLC (the “Center Ethanol Case”) to [United States District Court for the Northern District of Illinois Eastern District.] {Big River}
SEE HERE
********************************
Blue Flint stayed pending transfer to Panel
"On May 5, 2010, Plaintiff filed with this court a notice of its motion to transfer this action to the Judicial Panel on Multi-District Litigation (“MDL Panel”) pursuant to 28 U.S.C. § 1407. Accordingly, the court ORDERS that this action be staying pending transfer to the MDL Panel, or, alternatively, upon request of the parties."
SEE HERE
********************************
IROQUOIS BIO-ENERGY COMPANY gets 30 days past MDL Panel ruling to respond.
"The Court hereby GRANTS the Joint Motion for Enlargement of Time [DE 16] and ORDERS that Defendant shall have thirty days from the date that the MDL Panel rules on the motion to consolidate and transfer within which to respond to the Plaintiff’s Complaint.
The Court hereby CONVERTS the Rule 16 Preliminary Pretrial Conference, currently set for July 22, 2010, at 9:15 a.m. (C.S.T.), to a telephonic Status Hearing, to be initiated by the Court."
SEE HERE
*********************************
SkunK
Plaintiff GS Cleantech Corporation (“Cleantech”) hereby consents to the reassignment of Case No. 1:10-cv-02727, GS Cleantech Corporation v. Center Ethanol, LLC and Lincolnland Agri-Energy, LLC (the “Center Ethanol Case”) to [United States District Court for the Northern District of Illinois Eastern District.] {Big River}
SEE HERE
********************************
Blue Flint stayed pending transfer to Panel
"On May 5, 2010, Plaintiff filed with this court a notice of its motion to transfer this action to the Judicial Panel on Multi-District Litigation (“MDL Panel”) pursuant to 28 U.S.C. § 1407. Accordingly, the court ORDERS that this action be staying pending transfer to the MDL Panel, or, alternatively, upon request of the parties."
SEE HERE
********************************
IROQUOIS BIO-ENERGY COMPANY gets 30 days past MDL Panel ruling to respond.
"The Court hereby GRANTS the Joint Motion for Enlargement of Time [DE 16] and ORDERS that Defendant shall have thirty days from the date that the MDL Panel rules on the motion to consolidate and transfer within which to respond to the Plaintiff’s Complaint.
The Court hereby CONVERTS the Rule 16 Preliminary Pretrial Conference, currently set for July 22, 2010, at 9:15 a.m. (C.S.T.), to a telephonic Status Hearing, to be initiated by the Court."
SEE HERE
*********************************
SkunK
Friday, June 18, 2010
Analysis Review
GreenShift Corporation (GERS) - Financial and Strategic Analysis Review - new company profile and swot report published.
see here
SkunK
see here
SkunK
Government Leadership?
WASHINGTON (AP) - The Environmental Protection Agency says it will wait until September to decide whether car engines can handle higher concentrations of ethanol in gasoline.
The agency had been expected to decide by this month whether to increase the maximum blend from 10 to 15 percent. The EPA said Thursday that initial tests "look good." A decision will come after the Energy Department completes testing of the higher blend on vehicles built after 2007. The ethanol industry has maintained that there is sufficient evidence to show that a 15 percent ethanol blend in motor fuel will not harm the performance of car engines. But the refining industry, small engine manufacturers and some environmental groups have argued against an increase.
SEE HERE
and HERE
SkunK
The agency had been expected to decide by this month whether to increase the maximum blend from 10 to 15 percent. The EPA said Thursday that initial tests "look good." A decision will come after the Energy Department completes testing of the higher blend on vehicles built after 2007. The ethanol industry has maintained that there is sufficient evidence to show that a 15 percent ethanol blend in motor fuel will not harm the performance of car engines. But the refining industry, small engine manufacturers and some environmental groups have argued against an increase.
SEE HERE
and HERE
SkunK
Wednesday, June 16, 2010
Pre 14C
A Pre14C is out. Maybe a Reverse Spilt by end of year. Lots of options.
**************************
See HERE
"At the June 4, 2010 Record Date, 13,608,278,721 of the currently authorized 20,000,000,000 common shares were issued and outstanding."
". . . a reverse split of GreenShift’s common stock at any time prior to December 31, 2010 at one of seven ratios: 1-for-2, 1-for-3, 1-for-4, 1-for-5, 1-for-10, 1-for-20, or 1-for-50, as selected by the Board of Directors in its sole discretion."
"The convertible debt instruments held by YA Global require that GreenShift maintain a sufficient number of shares of authorized common stock to enable conversion of the convertible debt issued by GreenShift to YA Global."
"Additional reasons for the reverse split and increase include:
Ø Management plans in the future to pursue opportunities to obtain the capital in order to fully implement GreenShift’s business plan. A reserve of common shares available for issuance from time-to-time will enable GreenShift to entertain a broad variety of financing proposals.
Ø Management may utilize the additional shares in connection with corporate acquisitions, joint venture arrangements, or for other corporate purposes, including the solicitation and compensation of key personnel.
Ø There are additional outstanding debentures issued by GreenShift that are convertible, at the instance of the debt-holders, into GreenShift common stock."
*************
SkunK
**************************
See HERE
"At the June 4, 2010 Record Date, 13,608,278,721 of the currently authorized 20,000,000,000 common shares were issued and outstanding."
". . . a reverse split of GreenShift’s common stock at any time prior to December 31, 2010 at one of seven ratios: 1-for-2, 1-for-3, 1-for-4, 1-for-5, 1-for-10, 1-for-20, or 1-for-50, as selected by the Board of Directors in its sole discretion."
"The convertible debt instruments held by YA Global require that GreenShift maintain a sufficient number of shares of authorized common stock to enable conversion of the convertible debt issued by GreenShift to YA Global."
"Additional reasons for the reverse split and increase include:
Ø Management plans in the future to pursue opportunities to obtain the capital in order to fully implement GreenShift’s business plan. A reserve of common shares available for issuance from time-to-time will enable GreenShift to entertain a broad variety of financing proposals.
Ø Management may utilize the additional shares in connection with corporate acquisitions, joint venture arrangements, or for other corporate purposes, including the solicitation and compensation of key personnel.
Ø There are additional outstanding debentures issued by GreenShift that are convertible, at the instance of the debt-holders, into GreenShift common stock."
*************
SkunK
FEW Conference - Good Exposure
SEE HERE - GreenShift is an Event Sponsor of the Few Conference.
United Ethanol Licenses GreenShift's Patented Corn Oil Extraction is on the
HOME PAGE OF THE CONFERENCE
Ethanol Magazine and their twitter entries for the conference - GreenShift on top!
SkunK
United Ethanol Licenses GreenShift's Patented Corn Oil Extraction is on the
HOME PAGE OF THE CONFERENCE
Ethanol Magazine and their twitter entries for the conference - GreenShift on top!
SkunK
Tuesday, June 15, 2010
Wisconsin Grain and GERS Agree
No, they are not agreeing to enforce the GreenShift Patents.
They are agreeing on an extension. The reason is interesting.
Wisconsin Grain and GreenShift agree that this case and all the others are likely to end up combined in a single Federal court. GreenShift made a motion to transfer through the Judicial Panel on Multidistrict Litigation.
Wisconsin Grain, "UWGP joined numerous other parties named as defendants in the eleven lawsuits in agreeing to transfer and / or consolidation of all lawsuits, including this one, to the United States District Court for the Southern District of Indiana."
"Plaintiff and UWGP expect this case will be transferred and / or consolidated to another United States District Court, once the Panel considers Plaintiff’s pending motion."
"In order to coordinate proceedings in a single forum, the parties jointly wish to extend the deadline for UWGP to answer or otherwise respond to the Complaint until 30 days after the Panel issues a decision on Plaintiff’s motion to transfer and / or consolidate."
14 June 2010 Request SEE ALL HERE
Today - 15 June 2010 - the Judge approved the request for an extension. See last entry on docket below:
SkunK
Monday, June 14, 2010
Big News to Start the FEW Conference!
United Ethanol Licenses GreenShift’s Patented Corn Oil Extraction Technology
SEE HERE and Here and here and here and here and here and here and here and here and here and here and Biofuels Journal here.
United Ethanol is an old friend who originally signed up for a GreenShift COES before the Great Recession. In fact, several system tie-ins were even reported complete in June of 2008 before financing and the project shut down with the credit markets. This means that the corn oil system may be installed with a minimum of delay - instead of having to wait for a maintenance window to tie in the system. Its great to see they stayed with GERS and their patented COES system.
In a detail not to be missed - one can note that:
"In addition, GreenShift and United Ethanol entered into a development services agreement pursuant to which GreenShift will provide equipment and services relating to the engineering, construction and ongoing operation of a patented corn oil extraction facility at United Ethanol’s facility."
This means that a portion of the large inventory (Reported on in this exclusive SkunK Blog*) currently held by GreenShift can be turned into revenues - - another welcome addition to the bottom line.
SkunK
*SkunK's prediction that inventories held suggested
"subsequent projects" may be close at hand?
appears to have been spot on.
*****************************************
GERS on Steroids
SEE HERE
SEE HERE and Here and here and here and here and here and here and here and here and here and here and Biofuels Journal here.
United Ethanol is an old friend who originally signed up for a GreenShift COES before the Great Recession. In fact, several system tie-ins were even reported complete in June of 2008 before financing and the project shut down with the credit markets. This means that the corn oil system may be installed with a minimum of delay - instead of having to wait for a maintenance window to tie in the system. Its great to see they stayed with GERS and their patented COES system.
In a detail not to be missed - one can note that:
"In addition, GreenShift and United Ethanol entered into a development services agreement pursuant to which GreenShift will provide equipment and services relating to the engineering, construction and ongoing operation of a patented corn oil extraction facility at United Ethanol’s facility."
This means that a portion of the large inventory (Reported on in this exclusive SkunK Blog*) currently held by GreenShift can be turned into revenues - - another welcome addition to the bottom line.
SkunK
*SkunK's prediction that inventories held suggested
"subsequent projects" may be close at hand?
appears to have been spot on.
*****************************************
GERS on Steroids
SEE HERE
Stocks to Watch
OTCPicks.com Stocks to Watch for Monday, June 14th LKMG, ELRA, GERS, EVXA, QUOT, MCII
GREENSHIFT CORPORATION (OTCBB: GERS) "Up 100.00% on Friday" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N0&L60&F=T GreenShift Corporation develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShifts revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process.
GERS News:
May 27 - Emerging Stock Report Initiates Independent Research Coverage on Greenshift Corp.
Emerging Stock Report, a leading provider of sector specific independent investment research, today initiated coverage on Greenshift Corp. (OTCBB: GERS). Emerging Stock Report is currently offering a complimentary trial subscription to the investment community. To view the Report in its entirety, visit www.emergingstockreport.com.
SEE HERE
and HERE
SkunK
GREENSHIFT CORPORATION (OTCBB: GERS) "Up 100.00% on Friday" Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N0&L60&F=T GreenShift Corporation develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShifts revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process.
GERS News:
May 27 - Emerging Stock Report Initiates Independent Research Coverage on Greenshift Corp.
Emerging Stock Report, a leading provider of sector specific independent investment research, today initiated coverage on Greenshift Corp. (OTCBB: GERS). Emerging Stock Report is currently offering a complimentary trial subscription to the investment community. To view the Report in its entirety, visit www.emergingstockreport.com.
SEE HERE
and HERE
SkunK
Sunday, June 13, 2010
MORE Reliability Issues with non-patented COES - AFTER
On 9 June GOLDEN GRAIN ENERGY, LLC put out their quarterly for the period ending 30 April 2010. In it they acknowledge they ". . .have continued to experience reliability issues with our corn oil extraction equipment."
The SkunK reported on their ongoing problems with non-patented COES performance in a 21 March blog HERE. He also reported on May 15th about Cardinal's self-reported non-patented COES problem's HERE.
********************
Some may ask:
But SkunK, we have only heard about a couple problems with the non-patented COES. They are not ALL complaining about performance!
True, it appears that only the LLCs who still report publicly, are reporting they are having problems with their non-patented COES. Those that do not have to report publicly to their stakeholders - rarely report publicly about their non-patented COES performance. Think about it.
********************
"The average price of our corn oil increased by approximately 56% during our second quarter of 2010 compared to the same period of 2009. Total pounds of corn oil sold during our second quarter of 2010 decreased by approximately 39% compared to our second quarter of 2009. This decrease in corn oil sales was the result of decreased corn oil production during our second quarter of 2010. We have continued to experience reliability issues with our corn oil extraction equipment. However, after the end of our second quarter of 2010, our corn oil extraction equipment has been operating at capacity. We are continuing to fine tune the operation of our corn oil extraction equipment. Management anticipates that corn oil prices will be relatively flat for the rest of our 2010 fiscal year unless the federal biodiesel blenders’ credit is reinstated. If the credit is reinstated, it may result in increased corn oil demand that could positively impact corn oil prices."
SEE ALL HERE first full paragraph PAGE 16
SkunK's Thoughts
This is the key statement: This decrease in corn oil sales was the result of decreased corn oil production during our second quarter of 2010.
The next statement may be a distractor:
*********************
"However, after the end of our second quarter of 2010, our corn oil extraction equipment has been operating at capacity."
*********************
Notice they say "after" the end of our second quarter; not "at" the end of our second quarter - operating at capacity.
Or even better: "Since" the end of our second quarter. Now that would have been convincing . . . but they did not say "Since" because I suspect they could not say it . . . truthfully.
In my book of English, "after" in this sentence suggests an indefinite period - anytime after 30 April. It could have been the day before they put out this statement. It could have been for a 2 hour period two weeks ago. Both of my examples are "after" the end of the quarter.
("at" would be for a period starting 1 May. "since" would be for the entire period since 1 May.)
Why else would the next statement say "We are continuing to fine tune the operation of our corn oil extraction equipment." - if they were not continuing to have problems - even now . . . well into the next quarter.
When people write public filings they choose words for a reason. Lawyers may insist upon certain words because of their specific or non-specific meanings. I suspect that the word "after" in the filing above was discussed and chosen very carefully. I recommend stakeholders read the filing as carefully as it was written.
This is not splitting hairs. This is taking notice of hairs that have been split - for a reason.
SkunK
The SkunK reported on their ongoing problems with non-patented COES performance in a 21 March blog HERE. He also reported on May 15th about Cardinal's self-reported non-patented COES problem's HERE.
********************
Some may ask:
But SkunK, we have only heard about a couple problems with the non-patented COES. They are not ALL complaining about performance!
True, it appears that only the LLCs who still report publicly, are reporting they are having problems with their non-patented COES. Those that do not have to report publicly to their stakeholders - rarely report publicly about their non-patented COES performance. Think about it.
********************
"The average price of our corn oil increased by approximately 56% during our second quarter of 2010 compared to the same period of 2009. Total pounds of corn oil sold during our second quarter of 2010 decreased by approximately 39% compared to our second quarter of 2009. This decrease in corn oil sales was the result of decreased corn oil production during our second quarter of 2010. We have continued to experience reliability issues with our corn oil extraction equipment. However, after the end of our second quarter of 2010, our corn oil extraction equipment has been operating at capacity. We are continuing to fine tune the operation of our corn oil extraction equipment. Management anticipates that corn oil prices will be relatively flat for the rest of our 2010 fiscal year unless the federal biodiesel blenders’ credit is reinstated. If the credit is reinstated, it may result in increased corn oil demand that could positively impact corn oil prices."
SEE ALL HERE first full paragraph PAGE 16
SkunK's Thoughts
This is the key statement: This decrease in corn oil sales was the result of decreased corn oil production during our second quarter of 2010.
The next statement may be a distractor:
*********************
"However, after the end of our second quarter of 2010, our corn oil extraction equipment has been operating at capacity."
*********************
Notice they say "after" the end of our second quarter; not "at" the end of our second quarter - operating at capacity.
Or even better: "Since" the end of our second quarter. Now that would have been convincing . . . but they did not say "Since" because I suspect they could not say it . . . truthfully.
In my book of English, "after" in this sentence suggests an indefinite period - anytime after 30 April. It could have been the day before they put out this statement. It could have been for a 2 hour period two weeks ago. Both of my examples are "after" the end of the quarter.
("at" would be for a period starting 1 May. "since" would be for the entire period since 1 May.)
Why else would the next statement say "We are continuing to fine tune the operation of our corn oil extraction equipment." - if they were not continuing to have problems - even now . . . well into the next quarter.
When people write public filings they choose words for a reason. Lawyers may insist upon certain words because of their specific or non-specific meanings. I suspect that the word "after" in the filing above was discussed and chosen very carefully. I recommend stakeholders read the filing as carefully as it was written.
This is not splitting hairs. This is taking notice of hairs that have been split - for a reason.
SkunK
Saturday, June 12, 2010
The FEW Conference June 14-17
5 Tracks, 100 Speakers, 350 Exhibitors
Track 4: Distiller’s Grains/Coproducts
Back-End Coproduct Optimization
Rooms 263/267
•Moderator: Tom Bryan, Vice President, BBI International
•Ryan Heuer, Business Development, ICM Inc.
Corn Oil Extraction Utilizing Tricanter Technology
•Radhakrishnan Srinivasan, Assistant Research Professor, Mississippi State University
Pilot Scale Fiber Separation from DDGS using Elusieve Process
•David Winsness, Chief Technology Officer, GreenShift Corporation
Backend Fractionation™
•Michael Franko, Technical Projects Manager, Fluid-Quip, Inc.
Recovering High-Value Products from Whole-Stillage using a new Filtration Centrifuge
*********************
This should be an interesting hour and a half.
You got Dave Winsness from GreenShift, an ICM representative and even Fluid-Quip all in the same room presenting their products.
Tuesday, June 15
3:30-5pm
SEE IT HERE about a third of the way, down the page.
*******************
Note the Prime booths for GreenShift - extreme left side, just off the center Food and Beverage aisle
Booths 1330 and 1328
SkunK
Track 4: Distiller’s Grains/Coproducts
Back-End Coproduct Optimization
Rooms 263/267
•Moderator: Tom Bryan, Vice President, BBI International
•Ryan Heuer, Business Development, ICM Inc.
Corn Oil Extraction Utilizing Tricanter Technology
•Radhakrishnan Srinivasan, Assistant Research Professor, Mississippi State University
Pilot Scale Fiber Separation from DDGS using Elusieve Process
•David Winsness, Chief Technology Officer, GreenShift Corporation
Backend Fractionation™
•Michael Franko, Technical Projects Manager, Fluid-Quip, Inc.
Recovering High-Value Products from Whole-Stillage using a new Filtration Centrifuge
*********************
This should be an interesting hour and a half.
You got Dave Winsness from GreenShift, an ICM representative and even Fluid-Quip all in the same room presenting their products.
Tuesday, June 15
3:30-5pm
SEE IT HERE about a third of the way, down the page.
*******************
Note the Prime booths for GreenShift - extreme left side, just off the center Food and Beverage aisle
Booths 1330 and 1328
SkunK
Friday, June 11, 2010
Blue Flint's Response
Blue Flint's Response: SEE ALL HERE
Here is a Definition: Prosecution History Estoppel - which seems tied to the argument that the provisional and the issued patent are not exactly the same. As the SkunK might have mentioned before, this argument only involves when GreenShift can start collecting royalties from its issued patents. Not if, . . . only when. Can they collect back to 17 August 2004 and the provisional patent?? Can they collect back to 23 February 2006 and the required publishing of the patent - and all had access to the technology?? Can they collect back to October 13, 2009 when the patent was actually issued? Not if, . . when.
Now here is the part that I really find interesting. How can Blue Flint claim as a defense against infringing the GreenShift patents - that the provisional patent is not the same as the issued patent - whether it is or not seems irrelevant - since according to this article they started producing corn oil in Mid December 2009 - well after the finalized patents were issued???
HERE is the GreenShift Request for Relief 3 May 2010
SkunK
Here is a Definition: Prosecution History Estoppel - which seems tied to the argument that the provisional and the issued patent are not exactly the same. As the SkunK might have mentioned before, this argument only involves when GreenShift can start collecting royalties from its issued patents. Not if, . . . only when. Can they collect back to 17 August 2004 and the provisional patent?? Can they collect back to 23 February 2006 and the required publishing of the patent - and all had access to the technology?? Can they collect back to October 13, 2009 when the patent was actually issued? Not if, . . when.
Now here is the part that I really find interesting. How can Blue Flint claim as a defense against infringing the GreenShift patents - that the provisional patent is not the same as the issued patent - whether it is or not seems irrelevant - since according to this article they started producing corn oil in Mid December 2009 - well after the finalized patents were issued???
HERE is the GreenShift Request for Relief 3 May 2010
SkunK
Thursday, June 10, 2010
July 2010 Ethanol Producer Mag Article
Companies file patent infringement suits
Two companies serving the ethanol industry have filed lawsuits, claiming patent infringement. Novozymes A/S filed a lawsuit against Danisco A/S; and GS CleanTech Corp. is suing ICM Inc. and GEA Westfalia Separator Inc. as well as 15 ethanol plants.
The subject of all the complaints is GreenShift’s patent for recovering corn oil by evaporating whole stillage. The company created and submitted U.S. Patent No. 7,601,858, titled “Method of Processing Ethanol Byproducts and Related Subsystems,” in May 2009. “There was no market for corn oil extraction from dry mill ethanol plants before we invented our now-patented technology in 2004,” said Kevin Kreisler, GreenShift’s chairman and CEO.
ICM, which manufactured and installed the oil extraction technology for Lincolnland Agri-Energy LLC, Cardinal Ethanol LLC, Big River Resources Galva LLC and Big River Resources West Burlington LLC, has announced it will defend those ethanol producers. Those four plants all purchased and utilize ICM’s Tricanter Oil Separation System, ICM told EPM. There are other facilities on the list of 15 ethanol plants that were designed and built by ICM but that don’t utilize ICM oil extraction technology.
In addition, ICM pointed out that it filed its own litigation in Kansas against GS Clean Tech and GreenShift Corp. in October 2009. “We have asserted that GS Clean Tech/GreenShift misrepresented the liability of ICM’s customers for operating the ICM system,” said Chris Mitchell, vice president of marketing for ICM, “and that various actions of GS Clean Tech/GreenShift constitute unfair competition and wrongful interference with ICM’s existing and prospective business and contractual relationships.”
GreenShift, on the other hand, has said that ICM previously argued that GreenShift’s inventions were unpatentable and failed. That argument was raised by ICM before the U.S. Patent and Trademark Office granted GreenShift’s first two patents. The company also warns that it has a right to royalties for the corn oil extracted with GreenShift technology as far back as 2006, when the company got its first patent. “We have many millions of dollars and years of hard work invested into our patented corn oil extraction technologies and we are prepared to prosecute our rights for as long as may be needed,” said David Winsness, GreenShift’s chief technology officer. “That said, we would prefer not to litigate and we would much rather focus on win-win solutions—we have demonstrated that producers can make more money by working with us than without us.”
In related news, less than two weeks after GreenShift announced it was suing additional ethanol producers, Marquis Energy LLC signed an agreement with the company. The 100 MMgy ethanol plant in Hennepin, Ill., is licensed to use GreenShift’s corn oil extraction technology and GreenShift will provide technical support, yield optimization and corn oil marketing services. “The financial structure provides natural incentives for both Marquis Energy and GreenShift as we each gain from increased performance, yield and product value,” said Mark Marquis, president and general manager of Marquis Energy. “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.”
SEE ALL HERE
SkunK
Two companies serving the ethanol industry have filed lawsuits, claiming patent infringement. Novozymes A/S filed a lawsuit against Danisco A/S; and GS CleanTech Corp. is suing ICM Inc. and GEA Westfalia Separator Inc. as well as 15 ethanol plants.
The subject of all the complaints is GreenShift’s patent for recovering corn oil by evaporating whole stillage. The company created and submitted U.S. Patent No. 7,601,858, titled “Method of Processing Ethanol Byproducts and Related Subsystems,” in May 2009. “There was no market for corn oil extraction from dry mill ethanol plants before we invented our now-patented technology in 2004,” said Kevin Kreisler, GreenShift’s chairman and CEO.
ICM, which manufactured and installed the oil extraction technology for Lincolnland Agri-Energy LLC, Cardinal Ethanol LLC, Big River Resources Galva LLC and Big River Resources West Burlington LLC, has announced it will defend those ethanol producers. Those four plants all purchased and utilize ICM’s Tricanter Oil Separation System, ICM told EPM. There are other facilities on the list of 15 ethanol plants that were designed and built by ICM but that don’t utilize ICM oil extraction technology.
In addition, ICM pointed out that it filed its own litigation in Kansas against GS Clean Tech and GreenShift Corp. in October 2009. “We have asserted that GS Clean Tech/GreenShift misrepresented the liability of ICM’s customers for operating the ICM system,” said Chris Mitchell, vice president of marketing for ICM, “and that various actions of GS Clean Tech/GreenShift constitute unfair competition and wrongful interference with ICM’s existing and prospective business and contractual relationships.”
GreenShift, on the other hand, has said that ICM previously argued that GreenShift’s inventions were unpatentable and failed. That argument was raised by ICM before the U.S. Patent and Trademark Office granted GreenShift’s first two patents. The company also warns that it has a right to royalties for the corn oil extracted with GreenShift technology as far back as 2006, when the company got its first patent. “We have many millions of dollars and years of hard work invested into our patented corn oil extraction technologies and we are prepared to prosecute our rights for as long as may be needed,” said David Winsness, GreenShift’s chief technology officer. “That said, we would prefer not to litigate and we would much rather focus on win-win solutions—we have demonstrated that producers can make more money by working with us than without us.”
In related news, less than two weeks after GreenShift announced it was suing additional ethanol producers, Marquis Energy LLC signed an agreement with the company. The 100 MMgy ethanol plant in Hennepin, Ill., is licensed to use GreenShift’s corn oil extraction technology and GreenShift will provide technical support, yield optimization and corn oil marketing services. “The financial structure provides natural incentives for both Marquis Energy and GreenShift as we each gain from increased performance, yield and product value,” said Mark Marquis, president and general manager of Marquis Energy. “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.”
SEE ALL HERE
SkunK
Hot Penny Stock Alerts
Hot Penny Stock Alerts for June 10: TECO, OCTI, ADHC, IMUC, BKPG, GERS, LBSV, AMEL, DTRO, SPHT
GreenShift Corp. (OTC: GERS) $0.0001 – The company is trading on heavy volume today with 454.22 million shares changing hands, compared to the average of 167.46 million. (OTC:GERS), (GERS)
See HERE
SkunK
GreenShift Corp. (OTC: GERS) $0.0001 – The company is trading on heavy volume today with 454.22 million shares changing hands, compared to the average of 167.46 million. (OTC:GERS), (GERS)
See HERE
SkunK
Preliminary Pretrial Conference
IROQUOIS BIO-ENERGY COMPANY, LLC
Telephonic Preliminary Pretrial Conference on July 22, 2010 at 9:15 a.m.
And What is this?
"If mediation is selected, the parties shall identify the mediator and in the event counsel cannot agree on a mediator then the court will make the selection."
SEE ALL HERE
SkunK
Telephonic Preliminary Pretrial Conference on July 22, 2010 at 9:15 a.m.
And What is this?
"If mediation is selected, the parties shall identify the mediator and in the event counsel cannot agree on a mediator then the court will make the selection."
SEE ALL HERE
SkunK
Wednesday, June 9, 2010
What Ever Happened to Primafuel?
It appears they went belly up.
************************
Visalia-based company EdeniQ, which recently received a $12.4 million venture capital infusion, announced it has purchased the assets and licensed the technology of Southern California-based Primafuel, a corn oil extraction firm.
Terms of the deal were not disclosed. EdeniQ said it will now "rapidly commercialize" Primafuel's product — corn oil used as a supplement in animal feed and as a feedstock for biodiesel. It will be marketed under the name Oil Plus.
EdeniQ will immediately start marketing the Primafuel’s technology to ethanol producers under the brand name Oil Plus™ because the technology not only produces more oil than competing technologies, but also synergistically integrates with EdeniQ’s other yield enhancing technologies.
see all here
and HERE
*******************
Primafuel has a history with Amaizing Energy Ethanol.
See HERE and HERE
It will be interesting to see how this new competitor fits in to the ongoing patent litigation.
SkunK
************************
Visalia-based company EdeniQ, which recently received a $12.4 million venture capital infusion, announced it has purchased the assets and licensed the technology of Southern California-based Primafuel, a corn oil extraction firm.
Terms of the deal were not disclosed. EdeniQ said it will now "rapidly commercialize" Primafuel's product — corn oil used as a supplement in animal feed and as a feedstock for biodiesel. It will be marketed under the name Oil Plus.
EdeniQ will immediately start marketing the Primafuel’s technology to ethanol producers under the brand name Oil Plus™ because the technology not only produces more oil than competing technologies, but also synergistically integrates with EdeniQ’s other yield enhancing technologies.
see all here
and HERE
*******************
Primafuel has a history with Amaizing Energy Ethanol.
See HERE and HERE
It will be interesting to see how this new competitor fits in to the ongoing patent litigation.
SkunK
Saturday, June 5, 2010
Fawns Drop, Corn grows
Up here north of Hooterville, the Fawns drop the first week of June. Since I have been dogless for nearly six months, the wildlife has started to no longer fear "Fort SkunK".
She left her fawn in the tall grass and started to browse. I actually went out on the deck for this one.
I have two Canadian Geese and a couple hatchlings on the grass bank over the deer's head. They are a lot harder to get to pose.
SkunK
Friday, June 4, 2010
Stock Newsletter on Hot US Stocks to Watch
GreenShift Corporation (OTC: GERS) surged 100% to $0.0002 on 43.43 million shares. GreenShift Corporation develops and commercializes clean technologies that facilitate the use of natural resources. GreenShift does this by developing and integrating technologies to produce biofuel and other biomass-derived products.
SEE HERE
SkunK
SEE HERE
SkunK
Chippewa Valley and Ethanol
As we wait for some hard news - Here is something new from the Chippewa Valley about Ethanol - apparently a different Chippewa Valley that the one we were looking for - but had to pass on the 100% ethanol stunt plane - great video. I do not think they will pull this one . . .
SEE HERE
SkunK
SEE HERE
SkunK
Thursday, June 3, 2010
Slow news week so far . . .
After the release of the 1Q report and the flush of litigation updates, it has been a slow period for news after the Memorial Day Holiday. Just so you know I haven't fallen off the face of the Earth:
Here is a Brand New Chippewa Valley Ethanol Plant Video.
Here is a Feb 2010 Cob Video I and also Chippewa Valley "Cob" video II
SkunK
Here is a Brand New Chippewa Valley Ethanol Plant Video.
Here is a Feb 2010 Cob Video I and also Chippewa Valley "Cob" video II
SkunK
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