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1309 Issue of Patent [R-5]
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When the issue fee is paid and all other requirements have been met (e.g., drawings) within the time allowed by law, the application is forwarded to the printer for Final Data Capture (FDC) and final issue preparation. At this point, the application can only be retrieved if it is withdrawn from issue. The application is assigned a patent number and issue date about ten days before the application issues as a patent, and an Issue Notification is mailed to inform the applicant of the patent number and issue date. A bond paper copy of the patent grant is ribboned, sealed, and mailed by the Office of Patent Publication.
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Since this application was filed 30 Sept 2005 - [so is more than 5 years old] it seems it will receive "special handling":
All allowed applications ready for printing will be selected by chronological sequence based on the date the issue fee was paid. Special handling will be given to the following applications in these categories:
(A) Allowed cases which were made special by the Director**.
(B) Allowed cases that have a U.S. effective filing date more than 5 years old.
(C) Allowed reissue applications.
(D) Allowed applications having an effective filing date earlier than that required for declaring an interference with a copending application claiming the same subject matter.
(E) Allowed application of a party involved in a terminated interference.
To ensure that any application falling within the scope of the categories outlined above and identified by (A) to (E) receives special treatment, the examiner should **>notify, via e-mail, the Manager of the Publishing Division, Kim Terrell in the Office of Publication that a particular application (identify the application number) should be given special treatment.< The examiner should state the special treatment category outlined above.
Quotes taken from HERE
SkunK
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5 comments:
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We are now producing at slightly over 2 million gallon per day rate or 740 million gallons on an annual basis. That is equivalent to more than 1,400 gallons of motor fuel per minute or enough to fuel three drivers average driving for year. Every single minute of the day.
We continue to explore additional internal expansion projects as well as actively looking for acquisition opportunities.
Marketing and distribution operating income was up 250% quarter-over-quarter for the first quarter of 2011. This segment significant growth and operating income is primarily the result of producing and selling 10 million pounds of corn oil in the first quarter of this year.
We now have six plants producing corn oil and expect two more plants on line by the end of second quarter, and the extraction technology will be installed at Otter Tail in the third quarter of this year. As a reminder, corn oil typically trade that it just have the soy oil and we do not expect that relationship to change, yet we are still achieving better than expected returns on this investment. Operating income related to corn oil should double again in the second quarter, as we ramp up production. When fully implemented, we expect to produce at least 25 million pounds per quarter.
And then we actually, interestingly enough we blended that(algae oil) with corn oil just to see just to see what that looks like in a biodiesel feedstock.
I mean I think people are very confused about corn oil pricing in the market and that’s actually the question. When you look at kind of crude corn oil prices that some people have said that are higher than soy oil prices those are food grade, corn oil and that’s food grade corn oil, so can’t compare that to you, you’re not selling this for food grade. This is a discount to soy oil and then oftentimes we’ll trade more towards (inaudible).
So I think there is a big mis conception out there that this is a food grade corn oil. So what we’ve seen is with soy – it cover 10% to 20% discount of soy oil for volumes and right on that, and I think the (inaudible) tell us price. And so we’ve seen pretty good demand, we haven’t had any trouble selling it. The biodiesel guys are making money right now, especially with corn oil. The feeders are very interested in it as a replacement in feed ration or even see more and more interest in it.
We see major feeders come to us and start to realize that there is an additional feed product out there that competes (inaudible) and soy oil and I think that’s very important. But in general, it’s performing better than we thought, when we thought – when we came in, we thought it would be about an $0.18 gallon net impact and now it’s $0.18 pound, sorry, now it’s greater than that. What we report, there is a growth price, we will take off the DDG loss of that because we keep our plans hold.
So for example if you sell for $0.45 a pound and DDG is trading for $160 a ton which is equivalent of $0.08 a pound, that would be $0.37 a pound before operating costs so that’s where you get more in to that low $0.30 per pound. And I think often people would think as a gross value of corn oil is the value and it’s really – it’s the net value of corn oil is what we report. But we are very happy with the performance, we will pay off very quickly and we are locking away a lot of 2011, we are even starting to focus on 2012 as the soy oil curve is very strong into ‘12 and that we are focusing on locking away portion of 2012 as well.
http://seekingalpha.com/article/266437-green-plains-renewable-energy-s-ceo-discusses-q1-2011-results-earnings-call-transcript?source=yahoo
That's all fine and dandy Slashy, but can someone, anyone at all on this blog, shout out there opinion of what the PPS will be? I just seems like it is staying so low for so long. It feels like it is never ever going to turn around. Any other opinions please?
I want to apologize for my misunderstanding of crude corn oil prices as reported by the USDA. That report is for edible food grade crude corn oil. Current inedible crude corn oil prices are 10%-20% below soy oil which is currently $.5858 per pound, up 3% today. I think it's fair to say that at an average 15% discount to soy oil, inedible crude corn oil is about $.50 a pound, $3.82 a gallon which puts Greenshift's 20% royalty at about $.77 a gallon.
GPRE extracted 10.1 million pounds in Q1 which means Greenshift earned royaltys from GPRE of about $1,000,000.
everyone keeps ignoring the questions on the pps! isnt that why we all our here?
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