United Ethanol's May Newsletter is out.
Our corn oil extraction facility was brought online with minimal set backs and great day-today consistency. We’re in the process of testing an emulsion breaker that has given us added production without increasing our residence time or temperature. We’ve also been able to have tighter controls on our dry distiller’s grain (DDG) color and moisture. At today’s prices, corn oil extraction will add about 3.5 million in revenue to United Ethanol.
$$$$$$$$$
Through the first quarter of 2011, United Ethanol produced 10,553,367 gallons of undenatured ethanol. We also produced 30,005 tons of DDG, 2,099 tons of wet distiller’s grain, 10,548 tons of liquefied carbon dioxide, and extracted 1,214,452 pounds of corn oil.
$$$$$$$$$
The maintenance department has been wrapping up the cornoil extraction process and planning for the possible installation of a new cooling tower -- in addition to daily maintenance and repairs.
See Here
SkunK
According to my calculations - United is producing corn oil at a rate of .01514#/gallon of ethanol - or some 50% higher than SIRE. That is ONLY "great" if we assume United ran the COES the whole 1Q! But it appears they started up during the 1Q - and depending on when they started up we might be past "great" and could be talking "fantastic"!
Sometimes I forget we have a wide audience and sometimes things need to be (re)said. Here is a SkunK recap of a complicated history. United signed up with GERS for a COES many moons ago. During the Great Recession, with no credit to be had, the deal fell through. They have again (re)signed up with the leader in the field and it brings great pleasure to many of us grey beards to see them apparently fat and happy with the system they have installed.
Is this emulsion breaker GreenShift's? or Ashland's? or a surprise third party like ESYR?
ps Thanks to Slash for the Heads up on the site update.
The "underlines" in the quotes above are mine.
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'And' something eclectic for the grammer hounds . . . [day-today]?????
Words whose spelling changes according to how they are used . . .
Spaced words as noun phrases or adverbial phrases; hyphenated compounds as compound adjectives (or unit modifiers) preceding nouns:
day to day (as in We worked day to day), day-to-day (as in our day-to-day routine); door to door, door-to-door; eye to eye, eye-to-eye; long distance, long-distance (but always long-distance in reference to telephone calls, as in I ran a long distance in a long-distance race to call you long-distance); long term, long-term; one time, one-time; out of bounds, out-of-bounds; out of court, out-of-court; right to work; right-to-work; roll call, roll-call; note: second-rate (in all uses); side by side, side-by-side; white collar, white-collar; working class, working-class
Tuesday, May 17, 2011
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8 comments:
from United Ethanol Blog...
http://www.unitedethanol.com/index.cfm?show=10&mid=41
June 18, 2010
NEW YORK, June 14, 2010 (BUSINESS WIRE) -- GreenShift Corporation today announced its execution of a license agreement with United Ethanol, LLC ("United Ethanol") for use of GreenShift's patented corn oil extraction technologies at United Ethanol's 50 million-gallon ethanol plant in Milton, Wis. Click here for more information.
On June 11, 2010, we received a complaint from a nearby property owner of a strong chemical/sour odor. The complaint was investigated and reported to the Wisconsin Department of Natural Resources. United Ethanol staff was unable to detect odors consistent with ethanol production.
Yup, according to Slash:
United Ethanol Milton, WI 52.0 (online)
I can't see Green Plain standing on the sidelines while everyone else tests the new additive. If they do use it thats big news for Gers cause oil would double or triple
What's this from the Q111? Two investors taking on $4.7M in debt???
NOTE 15 SUBSEQUENT EVENTS
"Effective April 1, 2011, YA Global entered into agreements to assign $4,712,880 of the principal balance owed by the Company under the A&R Debenture to two investors. This transaction was not completed as of the filing of this report but is expected to be completed during the second quarter 2011."
Does this have anything to do with what the company stated last year?
"Viridis and MIF have expressed a willingness to fully convert all debt into equity on advantageous terms for GreenShift after we have satisfied the substantial majority of the convertible debt due to YAGI."
Is the recent Y/A debt reduction considered a substantial majority? If it's not Viridis and MIF, who are the investors taking on this debt? Is this why we haven't seen any dilution lately?
eTrade's numbers are finally reflecting some of the cancelled shares. Went from 15.2B to 11.7B outstanding today. That was starting to worry me.
"Grammer hounds?" Do you mean Kelsey Grammer? Or grammar? Btw, how did things go helping your Uncle Jack off his horse? All in good fun. I appreciate the time you put into this. Cheers.
OK, here's a question. If the yield from the COES increases substantially due to use of the "emulsion breaker", does GERS benefit from the increase yield irrespective of whether the emulsion breaker was theirs? Things could get very messy if there is wording in the licence agreement that gives wiggle room to the plant to avoid payment to GERS on the increased yield. Anyone care to comment?
Extracting oil requires GERS patented COES period. The additive is useless without the COES patented by GERS. Any improvement to the amount of oil extracted will benefit GERS. Bring it on.
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