Early last week when GreenShift announced it had received a Notice of Allowance for Continuous BioDiesel, the SkunK found a Notice of Allowance just issued to GreenShift. Looking for "that" Notice of Allowance - he had stumbled on to ANOTHER one that had just been mailed out to GreenShift. Well, after a week of additional Press Releases - and the possibility of another big week next week - the SkunK decided to try and set the record straight now.
Continuous BioDiesel Presser HERE
See newly researched Notice of Allowance HERE
To see the actual Patent Application SEE HERE
To see the biographies of the inventors: John Gaus and Dr. Philip Leveson see HERE
As you can tell by the Bios - the inventors are now the core of ZeroPoint Clean Tech, a company in which GERS has a 10% share. (10-K page 34).
However the SkunK does not think this patent came into GERS portfolio by way of ZeroPoint Clean Tech. Instead, by way of Nextgen Fuel Inc.
"On October 30, 2006, a wholly-owned subsidiary of GS AgriFuels purchased 100% of the outstanding capital stock of NextGen Fuel, Inc" (10-K page 53)
Never heard of GS Agrifuels or just forgot? - As of the Annual Report in April 2010:
"GS AgriFuels Corporation, [is] an inactive, wholly- owned subsidiary of the Company, . . " (10-K page 11)
The latest GS Agrifuels UPDATE as of the 2Q 2010:
"The operations of GS AgriFuels and each of its subsidiaries, . . . have been discontinued." (2Q page 18)
Here are the Inventors ties to NextGen Fuels:
"NextGen Fuel, Inc. was founded in 2005 by Dr. Phil Leveson, John Gaus of Golden Technology Management, Jeff DeWeese, and John Blend of Goshen Capital."
To see the +4 year ol'Presser LOOK HERE Note the quote above and the specifications for the technology near the bottom of the presser.
In conclusion the SkunK is pretty sure this patent came to GERS by way of the November 2006 NextGen Fuel, Inc purchase - through GS Agrifuels and finally ending up in the GreenShift Portfolio. It is a muti-million dollar patent. Its full worth to this company will not be known until the COES patents (which are the rightful present focus of this company IMO) are successfully settled.
SkunK
Sunday, January 30, 2011
Saturday, January 29, 2011
Court Order
WARNING!!
[The following has been translated into simple terms by a simple SkunK.]
Previously GreenShift had asked that the court structure discovery so that every single defense lawyer (There is a pack of 'em) does not get to question every witness on every subject. Appoint a lead lawyer for the defense side so we do not have to deal with each firm to visit and revisit every question. Reduce the wasted time and mountains of billable hours.
The defendants responded in a filing saying they didn't need to be directed by the court, instead they would all work together and figure out how to proceed.
GreenShift replied in another filing and basically said: Sure you are all working together now, but as soon as the whistle blows - this could turn into a defendant cafeteria food fight.
The Judge orders today:
He is not going to schedule discovery (yet). He is not going to impose a lead lawyer on the defendants (yet). He ordered that the defendants meet within ten days and get the discovery schedule all figured out. He then directed that they report to him within a week after that meeting with results. He told them to bring along anything they could not come to an agreement on. When he sees what they did (or did not do) then he decides whether to accept it. Just in case, he leaves the option open to jump in with both feet.
********************
I'm sure I left out some important stuff so here is today's Link
SkunK
Thought for the day - Remember a SkunK doesn't do grey - he is only black and white.
[The following has been translated into simple terms by a simple SkunK.]
Previously GreenShift had asked that the court structure discovery so that every single defense lawyer (There is a pack of 'em) does not get to question every witness on every subject. Appoint a lead lawyer for the defense side so we do not have to deal with each firm to visit and revisit every question. Reduce the wasted time and mountains of billable hours.
The defendants responded in a filing saying they didn't need to be directed by the court, instead they would all work together and figure out how to proceed.
GreenShift replied in another filing and basically said: Sure you are all working together now, but as soon as the whistle blows - this could turn into a defendant cafeteria food fight.
The Judge orders today:
He is not going to schedule discovery (yet). He is not going to impose a lead lawyer on the defendants (yet). He ordered that the defendants meet within ten days and get the discovery schedule all figured out. He then directed that they report to him within a week after that meeting with results. He told them to bring along anything they could not come to an agreement on. When he sees what they did (or did not do) then he decides whether to accept it. Just in case, he leaves the option open to jump in with both feet.
********************
I'm sure I left out some important stuff so here is today's Link
SkunK
Thought for the day - Remember a SkunK doesn't do grey - he is only black and white.
Friday, January 28, 2011
50 mmgy Marquis Ethanol - Necedah, WI.
Marquis Energy - Wisconsin Licenses GreenShift’s Patented Corn Oil Extraction Process
GreenShift Corporation (OTC Bulletin Board: GERS) today announced the execution of a license agreement with Marquis Energy – Wisconsin, LLC providing for the use of GreenShift’s patented corn oil extraction technologies in Marquis Energy – Wisconsin’s 50 million gallon per year ethanol plant in Necedah, WI.
Marquis Energy – Wisconsin will be GreenShift’s second license with Marquis Energy, the first being for Marquis Energy, LLC’s 110 million gallon per year ethanol production facility in Hennepin, IL.
Tom Marquis, Vice President & Marketing Manager of Marquis Energy stated that “working with GreenShift’s marketing arm has proven to be a valuable addition to our marketing strategy. Their contacts and understanding of the industry have become integral to the bottom line.”
David Winsness, GreenShift’s Chief Technology Officer stated that “we truly appreciate our relationship with Marquis Energy, we have worked together to increase yields and have proven that higher yields are achievable when both parties work together.”
SEE HERE
**************
According to my numbers this puts GreenShift over a Billion Gallons (1,007,000,000 est) of Ethanol production under new COES contract since 1 Jan 2010. When all of these come on line it very likely will make GreenShift profitable. One may have to exclude the ongoing costs of litigation, however with the price of corn oil, maybe not.
Here is a good article in Biofuels Digest as seen HERE. This interests me since it reaches the decision makers in the Ethanol and BioDiesel Industry - potential customers. The pressers are also important since they reach out to potential investors. Both are required to fuel GERS' building momentum.
With two patent and two COES license Press Releases this week could we be leading up to a Shareholder Letter next week: Monday or Tuesday? I see that as very possible.
Also notice this wording in a recent presser:
"GreenShift will continue to protect the competitive advantage of its licensees. Additional claims will be filed against all infringers at the appropriate time. The new patent allowance provides GreenShift with additional ammunition."
To the SkunK at least, this seems to be additional strenghtening of the language about more infringing lawsuits. The ONLY limiting factor here now seems to be the timing . . .
SkunK
GreenShift Corporation (OTC Bulletin Board: GERS) today announced the execution of a license agreement with Marquis Energy – Wisconsin, LLC providing for the use of GreenShift’s patented corn oil extraction technologies in Marquis Energy – Wisconsin’s 50 million gallon per year ethanol plant in Necedah, WI.
Marquis Energy – Wisconsin will be GreenShift’s second license with Marquis Energy, the first being for Marquis Energy, LLC’s 110 million gallon per year ethanol production facility in Hennepin, IL.
Tom Marquis, Vice President & Marketing Manager of Marquis Energy stated that “working with GreenShift’s marketing arm has proven to be a valuable addition to our marketing strategy. Their contacts and understanding of the industry have become integral to the bottom line.”
David Winsness, GreenShift’s Chief Technology Officer stated that “we truly appreciate our relationship with Marquis Energy, we have worked together to increase yields and have proven that higher yields are achievable when both parties work together.”
SEE HERE
**************
According to my numbers this puts GreenShift over a Billion Gallons (1,007,000,000 est) of Ethanol production under new COES contract since 1 Jan 2010. When all of these come on line it very likely will make GreenShift profitable. One may have to exclude the ongoing costs of litigation, however with the price of corn oil, maybe not.
Here is a good article in Biofuels Digest as seen HERE. This interests me since it reaches the decision makers in the Ethanol and BioDiesel Industry - potential customers. The pressers are also important since they reach out to potential investors. Both are required to fuel GERS' building momentum.
With two patent and two COES license Press Releases this week could we be leading up to a Shareholder Letter next week: Monday or Tuesday? I see that as very possible.
Also notice this wording in a recent presser:
"GreenShift will continue to protect the competitive advantage of its licensees. Additional claims will be filed against all infringers at the appropriate time. The new patent allowance provides GreenShift with additional ammunition."
To the SkunK at least, this seems to be additional strenghtening of the language about more infringing lawsuits. The ONLY limiting factor here now seems to be the timing . . .
SkunK
Wednesday, January 26, 2011
Welcome Aboard Calgren Renewable Fuels!
NEW YORK - (BUSINESS WIRE) - GreenShift Corporation (OTC Bulletin Board: GERS) today announced the execution of a license agreement with Calgren Renewable Fuels providing for the use of GreenShift's patented corn oil extraction technologies in Calgren's 57 million gallon per year ethanol plant in Pixley, California.
GreenShift and Calgren also agreed that GreenShift would provide engineering and construction services for the replacement of Calgren's existing Tricanter-based corn oil extraction equipment with an Alfa Laval disc stack centrifuge in order to increase yields, reliability and uptime.
In addition, Calgren has agreed to install GreenShift's first Method II Corn Oil Extraction System to extract corn oil from Calgren's whole stillage. With Method I (thin stillage extraction) and Method II (whole stillage extraction), Calgren will have taken the first step to achieving corn oil yields that could be as high as 1.33 pounds per bushel and having at least one advanced technology as described in the final rule for the expanded Renewable Fuel Standard (RFS2) published by the U.S. Environmental Protection Agency on December 21, 2010.
Lyle Schlyer, CEO of Calgren stated that "working with GreenShift fits into our business model of increasing efficiency and mitigating risk. We expect our corn oil yields will significantly increase with GreenShift's technical support, and we expect to get a premium for our product with GreenShift's marketing arm."
See Entire Press Release HERE
and HERE
Calgren Web Site
*******************************
SkunK
Method ONE and Method TWO! First time that I am aware of Method II deployed at commercial level.
" . . .replacement of Calgren's existing Tricanter-based corn oil extraction equipment, . . ." Sweet!
GreenShift and Calgren also agreed that GreenShift would provide engineering and construction services for the replacement of Calgren's existing Tricanter-based corn oil extraction equipment with an Alfa Laval disc stack centrifuge in order to increase yields, reliability and uptime.
In addition, Calgren has agreed to install GreenShift's first Method II Corn Oil Extraction System to extract corn oil from Calgren's whole stillage. With Method I (thin stillage extraction) and Method II (whole stillage extraction), Calgren will have taken the first step to achieving corn oil yields that could be as high as 1.33 pounds per bushel and having at least one advanced technology as described in the final rule for the expanded Renewable Fuel Standard (RFS2) published by the U.S. Environmental Protection Agency on December 21, 2010.
Lyle Schlyer, CEO of Calgren stated that "working with GreenShift fits into our business model of increasing efficiency and mitigating risk. We expect our corn oil yields will significantly increase with GreenShift's technical support, and we expect to get a premium for our product with GreenShift's marketing arm."
See Entire Press Release HERE
and HERE
Calgren Web Site
*******************************
SkunK
Method ONE and Method TWO! First time that I am aware of Method II deployed at commercial level.
" . . .replacement of Calgren's existing Tricanter-based corn oil extraction equipment, . . ." Sweet!
Response from GreenShift Legal
This email in in response to your question regarding the number of common shares authorized, outstanding and in the float. As of January 25, 2011, GreenShift Corporation had 20,000,000,000 common shares authorized, about 14,006,131,738 common shares outstanding, of which 8,000,000,000 were held by Viridis Capital, LLC and approximately 5,000,000,000 in the public float.
Thank you for your continued interest and support.
Regards,
GreenShift Corporation
************************
SkunK
Thank you for your continued interest and support.
Regards,
GreenShift Corporation
************************
SkunK
Tuesday, January 25, 2011
ANOTHER Notice of Allowance
GREENSHIFT : Receives Notice of Allowance for Another Corn Oil Extraction Patent
GreenShift Corporation (OTC Bulletin Board: GERS) today announced that the United States Patent and Trademark Office (?PTO?) issued another Notice of Allowance for GreenShift's corn oil extraction processes, this time for pending patent application number 12/559,136 titled ?A Method of Recovering Oil From Thin Stillage.?
GreenShift is pleased to receive yet another allowed patent to provide even greater competitive advantage to GreenShift's licensees. The approval by the PTO of the new patent both broadens and strengthens GreenShift's already strong patent position covering corn oil extraction from stillage.
The claims included in the new allowed patent cover all recovery of corn oil from thin stillage by ?evaporating the thin stillage to create a concentrate having a moisture content of greater than 15% by weight and less than about 90% by weight; and centrifuging the concentrate to recover oil.?
GreenShift has led the way – GreenShift's patented corn oil extraction processes have become by far the most cost-effective and most profitable advancement made available to dry mill ethanol producers in the history of the ethanol industry. GreenShift's patented corn oil extraction process increases ethanol producer income by more than $0.08 per gallon of ethanol produced with returns of 6 months or less.
GreenShift will continue to protect the competitive advantage of its licensees. Additional claims will be filed against all infringers at the appropriate time. The new patent allowance provides GreenShift with additional ammunition.
The notice of allowance issued by the PTO for GreenShift's corn oil extraction patent application number 12/559,136 is in addition to GreenShift's recently announced notice of allowance for corn oil refining patent application number 11/676,888 titled ?Method for Continuous Production of Biodiesel Fuel.
*****************
lol Looks like the SkunK had taken a clooooser look at todays release. I stumbled into the patent information on the PTO website - about todays release last night. I will get working on finding the links to the patent of yesterdays release. If you got time you can start here. HERE we go!
SkunK
GreenShift Corporation (OTC Bulletin Board: GERS) today announced that the United States Patent and Trademark Office (?PTO?) issued another Notice of Allowance for GreenShift's corn oil extraction processes, this time for pending patent application number 12/559,136 titled ?A Method of Recovering Oil From Thin Stillage.?
GreenShift is pleased to receive yet another allowed patent to provide even greater competitive advantage to GreenShift's licensees. The approval by the PTO of the new patent both broadens and strengthens GreenShift's already strong patent position covering corn oil extraction from stillage.
The claims included in the new allowed patent cover all recovery of corn oil from thin stillage by ?evaporating the thin stillage to create a concentrate having a moisture content of greater than 15% by weight and less than about 90% by weight; and centrifuging the concentrate to recover oil.?
GreenShift has led the way – GreenShift's patented corn oil extraction processes have become by far the most cost-effective and most profitable advancement made available to dry mill ethanol producers in the history of the ethanol industry. GreenShift's patented corn oil extraction process increases ethanol producer income by more than $0.08 per gallon of ethanol produced with returns of 6 months or less.
GreenShift will continue to protect the competitive advantage of its licensees. Additional claims will be filed against all infringers at the appropriate time. The new patent allowance provides GreenShift with additional ammunition.
The notice of allowance issued by the PTO for GreenShift's corn oil extraction patent application number 12/559,136 is in addition to GreenShift's recently announced notice of allowance for corn oil refining patent application number 11/676,888 titled ?Method for Continuous Production of Biodiesel Fuel.
*****************
lol Looks like the SkunK had taken a clooooser look at todays release. I stumbled into the patent information on the PTO website - about todays release last night. I will get working on finding the links to the patent of yesterdays release. If you got time you can start here. HERE we go!
SkunK
Notice of Allowance - A clooooser look
Looking for more meat?
The SkunK went through all of the GERS patents pending (that he is aware of) and found this one that just had the notice of allowance mailed to GreenShift on last Friday. It seems to fit the bill and I figure this is the one that is mentioned in yesterday's presser. Go to the link below to see all of the notice of Allowance.
Click Here to see entire 17 page Notice of Allowance Here
The actual patent application is HERE
Yesterday's Presser is HERE
Happy DD'ng
SkunK
The SkunK went through all of the GERS patents pending (that he is aware of) and found this one that just had the notice of allowance mailed to GreenShift on last Friday. It seems to fit the bill and I figure this is the one that is mentioned in yesterday's presser. Go to the link below to see all of the notice of Allowance.
Click Here to see entire 17 page Notice of Allowance Here
The actual patent application is HERE
Yesterday's Presser is HERE
Happy DD'ng
SkunK
GreenShift COES
This is a picture of the business end of a GreenShift Corn Oil Extraction System (COES).
If you have Windows Media you might get the video to work by clicking HERE.
SkunK
Monday, January 24, 2011
GREENSHIFT @ National Ethanol Conference
I have been following this roster for weeks. Today's update shows GreenShift will again be attending the National Ethanol Conference (NEC).
Greenshift will be represented at the National Ethanol Conference by Project Manager Chris Kennedy; Chief Technology Officer Dave Winsness; CFO and President Ed Carroll; Chief Operating Officer Greg Barlage
All are from the Alphaetta, Georgia office except Mr. Carroll who is based at the New York office.
SEE Roster HERE
see the NEC website HERE (Feb 20 - 22 in Phoenix)
******************
SkunK
Musical entertainment at one of the meet and greets by "Green Floyd". Why is that so funny? lol
Greenshift will be represented at the National Ethanol Conference by Project Manager Chris Kennedy; Chief Technology Officer Dave Winsness; CFO and President Ed Carroll; Chief Operating Officer Greg Barlage
All are from the Alphaetta, Georgia office except Mr. Carroll who is based at the New York office.
SEE Roster HERE
see the NEC website HERE (Feb 20 - 22 in Phoenix)
******************
SkunK
Musical entertainment at one of the meet and greets by "Green Floyd". Why is that so funny? lol
Notice of Allowance for Corn Oil Refining Patent
GreenShift Corporation (OTC Bulletin Board: GERS) today announced that the U.S. Patent and Trademark Office (PTO) issued a Notice of Allowance for GreenShift's corn oil refining process.
One Kernel: Two Fuels?
The new notice of allowance covers refining processes that are designed to integrate directly into systems based on GreenShift's patented and patent-pending corn oil extraction processes, on-site at ethanol production facilities.
GreenShift's corn oil refining process drastically reduces refining times using off the shelf components, allowing smaller, integrated biodiesel systems to be built, installed and operated directly on-site at ethanol production facilities more cost-effectively as compared to larger, off-site greenfield facilities.
The new allowed patent on GreenShift's integral refining process offers increased optionality to GreenShift corn oil extraction licensees that desire to produce more fuel from corn and further expands GreenShift's value to dry mill corn ethanol producers.
SEE HERE
ALSO HERE
*********************
SkunK
Looks like a good start to a good week.
One Kernel: Two Fuels?
The new notice of allowance covers refining processes that are designed to integrate directly into systems based on GreenShift's patented and patent-pending corn oil extraction processes, on-site at ethanol production facilities.
GreenShift's corn oil refining process drastically reduces refining times using off the shelf components, allowing smaller, integrated biodiesel systems to be built, installed and operated directly on-site at ethanol production facilities more cost-effectively as compared to larger, off-site greenfield facilities.
The new allowed patent on GreenShift's integral refining process offers increased optionality to GreenShift corn oil extraction licensees that desire to produce more fuel from corn and further expands GreenShift's value to dry mill corn ethanol producers.
SEE HERE
ALSO HERE
*********************
SkunK
Looks like a good start to a good week.
Sunday, January 23, 2011
Weekly Roundup - Boxcar Super Bowl
Shareholder letter.I expect a Shareholder letter shortly. Corn oil prices have skyrocketed. This should bode well for both GreenShift and their licensed customers.
Court Filings
Slow week for court filings. I just checked and the last ones I could find I already posted here. (from January 11th). We should see another big round on Monday since that is the deadline (January 24, 2011) for Defendants Preliminary Invalidity Contentions. I will try to get posted asap - before the open on Tuesday. It looks like it is put up time for accusations of prior art:
Each party opposing a claim of patent infringement shall serve on all parties its “Preliminary Invalidity Contentions,” which must contain the following information:
(a) The identity of each item of prior art that allegedly anticipates each asserted claim or renders it obvious.
(b) shall be identified by specifying the item offered for sale or publicly used or known, the date the offer or use took place or the information became known, and the identity of the person or entity which made the use or which made and received the offer, or the person or entity which made the information known or to whom it was made known.
Markman hearing will be held on April 25, 2011, at 9:00 a.m. in Room 361. A preliminary injunction hearing will be held on June 13, 2011, at 9:00 a.m. in Room 361. If you missed it here is the big time outline for the court proceedings. The actual court schedule is HERE.
**************************OT - Boxcars
I got the Packers upset right last week - my apologies for the Ravens (third quarter), and the Sea Hawk receivers (dropped passes). The Patriots apparently finally played up to their potential - lol
Jets @ Pittsburgh
Pittsburgh offensive line is dismantled by Jets defense. Roethlisberger is good at breaking tackles for a reason - practice. Pittsburgh defense plays tough and keeps it real tight. Two very good teams. This could really go either way, but I will not stay on the fence. Close. Jets
Packers @ Bears
Less than 10mph winds in Soldier field means Packers win. Sure Chicago might have a better defense, but defenses do not play each other. The Packer offense is better than Chicago defense. Packer defense is much better than Chicago offense. That leaves advantage to Chicago only in special teams. Not close this time. Packers
********************************
Friday, January 21, 2011
15%! 2001-2007
EPA Said to Allow 15% Ethanol for Cars Made for 2001-2007 Years
The Environmental Protection Agency will grant a request from ethanol producers to raise the amount of the corn-based additive in gasoline for vehicles made for the 2001 model year and later, an administration official said.
The agency as early as today will announce that refiners can add as much as 15 percent ethanol, up from 10 percent, said the official, who requested anonymity before the decision is made public. The agency in October allowed the 15 percent blend for vehicles made for 2007 and newer.
SEE HERE
SkunK
Thanks to reader 'slashnuts' for the heads up.
13 Oct 2009 - (2007-2009 already approved)
The Environmental Protection Agency will grant a request from ethanol producers to raise the amount of the corn-based additive in gasoline for vehicles made for the 2001 model year and later, an administration official said.
The agency as early as today will announce that refiners can add as much as 15 percent ethanol, up from 10 percent, said the official, who requested anonymity before the decision is made public. The agency in October allowed the 15 percent blend for vehicles made for 2007 and newer.
SEE HERE
SkunK
Thanks to reader 'slashnuts' for the heads up.
13 Oct 2009 - (2007-2009 already approved)
Monday, January 17, 2011
GreenShift Corporation Legal Department. Response on I-Hub
Saturday, January 15, 2011
OT- NFL Playoff Weekend
SkunK NFL passion. Here are my picks for this weekend. Picking 3 out of four against the Vegas line.
AFC
Ravens over Pittsburgh. They beat the odds and smack Pittsburgh at home. Ray Lewis has big day.
Pats over Jets: No surprise here. Brady too good to lose this game. Fleet footed Jets will get a toe hold but come up just short. Pats win but do not make the 9 point spread. (Next year Jets!)
NFCPackers over Atlanta. Packers clip second bird in two weeks. Starks gets +90. Minor upset.
Seattle over Bears. HUGE upset for Seahawks. Only if Hasselbeck AND Lynch show up again this week
Here are Live Vegas Odds as linked to by NBC sports
SkunK
The teams I picked above may not be the team I am pulling for. No, I do not have a monetary position on any outcome here. No legal sports book where I am! The picks above are just for your amusement. Betting on OTC stocks to beat the odds is all the excitement I need! Feel free to make your picks in comments below.
AFC
Ravens over Pittsburgh. They beat the odds and smack Pittsburgh at home. Ray Lewis has big day.
Pats over Jets: No surprise here. Brady too good to lose this game. Fleet footed Jets will get a toe hold but come up just short. Pats win but do not make the 9 point spread. (Next year Jets!)
NFCSeattle over Bears. HUGE upset for Seahawks. Only if Hasselbeck AND Lynch show up again this week
Here are Live Vegas Odds as linked to by NBC sports
SkunK
The teams I picked above may not be the team I am pulling for. No, I do not have a monetary position on any outcome here. No legal sports book where I am! The picks above are just for your amusement. Betting on OTC stocks to beat the odds is all the excitement I need! Feel free to make your picks in comments below.
Thursday, January 13, 2011
UPDATE Piper Jaffray reports Corn Oil success by GPRE/Audio
This about GreenShift's largest customer:
The increased estimates reflect a relatively healthy 1Q and 4Q forward margin environment, the recent acquisition of 2 plants from Otter Tail (that we anticipate will be accretive to 2011 earnings), and an upbeat management presentation. Green Plains has also seen initial success in their testing of corn oil extraction technology and plans to roll out the extraction skids to 6 plants this year."
SEE ALL HERE
**********************
The Green Plains web cast is available HERE. The corn oil update is mostly between 10:00 and 12:30 minute mark into the file. Thanks and a shout out to "slashnuts" for finding the link and his opinion/insight in the comment section below.
What I got was that two COES are done, one more will be done this month, the Global Ethanol Plants are having their (GreenShift licensed) COES upgraded. All of their original six plants and the two former Global Ethanol Plants will be completed and running at full capacity by the start of the third quarter 2011 - in less than six months.
Green Plains always gives the impression that they are comfortable with the fact that it takes money to make money. They do not think in half measures. They have the capital AND the confidence to do it right the first time. I would not be surprised to find that GreenPlains is the company referred to in recent presser HERE
After mentioning the possible/pending Otter Tail acquisition, Mr. Becker says:
"We want to deploy corn oil extraction technology in all of our plants"
For those who predicted we may finally see a GreenShift COES at Otter Tail - you may be right!
Mr. Becker expected a year payback on the $18M investment in GreenShift COES patented technology. He expected an $18-20M return the first year based on 20cent/pound corn oil. We now see a double in the commodity to well over 40 cents/pound. So now only a six month return?
How many people would invest in a nearly automated business that would pay off the initial investment in six months - leaving you with a cash cow producing income with little production cost (actually saves on your utility bill if you dry DDGs and can be maintained by current support personnel.) and no debt to service?
The question is no longer "Who can afford to invest in corn oil extraction? The question in the ethanol industry is quickly becoming "Who can afford not to?"
SkunK
The increased estimates reflect a relatively healthy 1Q and 4Q forward margin environment, the recent acquisition of 2 plants from Otter Tail (that we anticipate will be accretive to 2011 earnings), and an upbeat management presentation. Green Plains has also seen initial success in their testing of corn oil extraction technology and plans to roll out the extraction skids to 6 plants this year."
SEE ALL HERE
**********************
The Green Plains web cast is available HERE. The corn oil update is mostly between 10:00 and 12:30 minute mark into the file. Thanks and a shout out to "slashnuts" for finding the link and his opinion/insight in the comment section below.
What I got was that two COES are done, one more will be done this month, the Global Ethanol Plants are having their (GreenShift licensed) COES upgraded. All of their original six plants and the two former Global Ethanol Plants will be completed and running at full capacity by the start of the third quarter 2011 - in less than six months.
Green Plains always gives the impression that they are comfortable with the fact that it takes money to make money. They do not think in half measures. They have the capital AND the confidence to do it right the first time. I would not be surprised to find that GreenPlains is the company referred to in recent presser HERE
After mentioning the possible/pending Otter Tail acquisition, Mr. Becker says:
"We want to deploy corn oil extraction technology in all of our plants"
For those who predicted we may finally see a GreenShift COES at Otter Tail - you may be right!
Mr. Becker expected a year payback on the $18M investment in GreenShift COES patented technology. He expected an $18-20M return the first year based on 20cent/pound corn oil. We now see a double in the commodity to well over 40 cents/pound. So now only a six month return?
How many people would invest in a nearly automated business that would pay off the initial investment in six months - leaving you with a cash cow producing income with little production cost (actually saves on your utility bill if you dry DDGs and can be maintained by current support personnel.) and no debt to service?
The question is no longer "Who can afford to invest in corn oil extraction? The question in the ethanol industry is quickly becoming "Who can afford not to?"
SkunK
Wednesday, January 12, 2011
GreenShift Update
Due to blog reader interest, the SkunK requested an update from GreenShift concerning DTCC concerns. Here is today's response from the GreenShift Legal Department:
***************************Dear Shareholder:
There have been no material developments with respect to the status of the restriction placed on electronic transfers of GreenShift common stock by The Depository Trust & Clearing Corporation ("DTCC").
DTCC previously requested information from GreenShift pertaining to its prior issuance of common shares upon conversion of convertible debentures previously purchased by various investors. GreenShift has provided all of the information requested by DTCC as well as an additional opinion of GreenShift's securities counsel confirming the valid issuance of all common shares upon payment of GreenShift's convertible debentures. DTCC staff has advised GreenShift's counsel that the restriction on electronic transfers of GreenShift common stock was temporary and would be lifted upon receipt and review of requested information. We understand that DTCC is conducting similar reviews of a number of issuers and has not yet completed its review of the information we provided despite GreenShift’s prompt response to their informational request. The latest update received from DTCC is that they continue to work through the issue internally. We are aware of no "new" restrictions.
GreenShift is a fully reporting company in full compliance with all applicable rules and regulations. We are not aware of any basis for DTCC's actions in this regard except for what DTCC staff has termed a routine compliance check. DTCC is not a regulatory or governmental body and has not published any standard or time limit for their ongoing review. We intend to continue to press DTCC for timely completion of its review.
As you may recall, the DTCC restriction extends solely to electronic transfers of GreenShift stock, and not to physical transfers of stock. We understand this distinction to be analogous to restricting deposits of wire transfers but allowing deposits of checks. We understand that the procedure for physical transfers starts with advising your broker to request "X-clearing" when transferring shares.
A number of GreenShift shareholders have reported that some brokerage firms have separately restricted investment activity involving GreenShift common stock. We are not aware of any reason for these actions except to note that transfers of physical stock certificate are both more costly and more time consuming as compared to electronic transfers. The expense and/or the length of time until delivery may be the reason for the actions of such firms. Shareholders encountering this issue are encouraged to contact their broker directly for additional information. Note that some shareholders have recently reported working through this issue by working with one or more different brokerage firms.
Please do not hesitate to contact us at investorrelations@greenshift.
Regards,
GreenShift Corporation
There have been no material developments with respect to the status of the restriction placed on electronic transfers of GreenShift common stock by The Depository Trust & Clearing Corporation ("DTCC").
DTCC previously requested information from GreenShift pertaining to its prior issuance of common shares upon conversion of convertible debentures previously purchased by various investors. GreenShift has provided all of the information requested by DTCC as well as an additional opinion of GreenShift's securities counsel confirming the valid issuance of all common shares upon payment of GreenShift's convertible debentures. DTCC staff has advised GreenShift's counsel that the restriction on electronic transfers of GreenShift common stock was temporary and would be lifted upon receipt and review of requested information. We understand that DTCC is conducting similar reviews of a number of issuers and has not yet completed its review of the information we provided despite GreenShift’s prompt response to their informational request. The latest update received from DTCC is that they continue to work through the issue internally. We are aware of no "new" restrictions.
GreenShift is a fully reporting company in full compliance with all applicable rules and regulations. We are not aware of any basis for DTCC's actions in this regard except for what DTCC staff has termed a routine compliance check. DTCC is not a regulatory or governmental body and has not published any standard or time limit for their ongoing review. We intend to continue to press DTCC for timely completion of its review.
As you may recall, the DTCC restriction extends solely to electronic transfers of GreenShift stock, and not to physical transfers of stock. We understand this distinction to be analogous to restricting deposits of wire transfers but allowing deposits of checks. We understand that the procedure for physical transfers starts with advising your broker to request "X-clearing" when transferring shares.
A number of GreenShift shareholders have reported that some brokerage firms have separately restricted investment activity involving GreenShift common stock. We are not aware of any reason for these actions except to note that transfers of physical stock certificate are both more costly and more time consuming as compared to electronic transfers. The expense and/or the length of time until delivery may be the reason for the actions of such firms. Shareholders encountering this issue are encouraged to contact their broker directly for additional information. Note that some shareholders have recently reported working through this issue by working with one or more different brokerage firms.
Please do not hesitate to contact us at investorrelations@greenshift.
Regards,
GreenShift Corporation
****************
****************
****************
I would like to thank GreenShift for their timely response,
SkunK
Evolving Ethanol Policy
Until now, the 6-million member American Farm Bureau Federation supported the tax credit as well as blender pumps, which can dispense fuel that is up to 85 percent ethanol. Delegates voted to change policy to emphasize biofuel infrastructure and to discontinue the tax credit. SEE HERE
****************
SkunK RantSupporting the rural Midwest Economy and agriculture in particular, used to mean support for the ethanol subsidy. After the feedlots and dairy industry had to compete with the ethanol industry for a fairly priced bushel of corn, they joined forces with the food, oil and extreme environmental industries to oppose the subsidy. A bad economy and a runaway national deficit has accomplished what those groups failed to do: Make the ethanol subsidy politically untenable.
On the other hand, both sides of this discussion knew the subsidy was temporary. It came about to push forward the production capabilities of the ethanol industry for legitimate national security and environmental reasons. It has served its purpose well - and the first generation of ethanol plants now blanket the Midwest turning out clean renewable energy. That industry will serve as a bedrock foundation for the renewable breakthroughs to come. GreenShift's patented COES technology is one of those significant incremental breakthroughs.
Does anyone seriously want to go back to those pre-Ethanol days? - so that Kelloggs can pay 2 cents rather than 2.2 - for the corn in a box of corn flakes.
It now looks like this will be the final year of the subsidy as we know it. Hope for, (but do not expect) a gradual, planned, weaning process over a multi-year period, where the government moves its support from the subsidy to the investment in infrastructure necessary to move ethanol and dispense it. Tighter production margins -sure to come without the subsidy- will make the use of corn oil extraction (and other advanced technologies) - essential for those plants who plan to survive.
SkunK
GERS Replies to Adkins
GERS11 January 2011 reply to DEFENDANT ADKINS ENERGY. NEW: SEE HERE
As a reminder Adkins has attempted to separate themselves from the other litigants. Here is the original GERS filings. Here is where they were brought under the MDL Court.
SkunK
As a reminder Adkins has attempted to separate themselves from the other litigants. Here is the original GERS filings. Here is where they were brought under the MDL Court.
SkunK
Tuesday, January 11, 2011
GreenShift 10 Jan Filing
Here is your latest GreenShift filing for 10 January 2011.
"Defendants’ central thesis is that they have every intention of coordinating discovery but apparently would prefer not to commit to doing so. CleanTech is consequently left at the mercy of each Defendant’s independent decision on whether they agree to consolidate discovery for any particular issue. In order to realize the efficiencies of the MDL process, there must be some clearly defined limitations on discovery."
*************
"CleanTech respectfully submits that Defendants’ partial quote from the MCL misses the point the MCL was making. Read in full, the sentence provides “Committees of counsel can sometimes lead to substantially increased costs, and they should try to avoid unnecessary duplication of efforts and control fees and expenses.” (emphasis added). Thus, this section addresses the behavior of the committee rather than the existence of a committee.
In this case, without an appointed counsel to discuss discovery matters with, CleanTech must contact each attorney separately. Further, the fact that Defendants have worked together thus far does not guarantee that they will continue to as the case progresses. Without a clear organization in place, Defendants are free to unilaterally organize and disorganize throughout the MDL proceeding. These wasteful and duplicative efforts undercut the efficiencies of the MDL and run counter to the policies of MDL in the first place."
SEE HERE
SkunK
"Defendants’ central thesis is that they have every intention of coordinating discovery but apparently would prefer not to commit to doing so. CleanTech is consequently left at the mercy of each Defendant’s independent decision on whether they agree to consolidate discovery for any particular issue. In order to realize the efficiencies of the MDL process, there must be some clearly defined limitations on discovery."
*************
"CleanTech respectfully submits that Defendants’ partial quote from the MCL misses the point the MCL was making. Read in full, the sentence provides “Committees of counsel can sometimes lead to substantially increased costs, and they should try to avoid unnecessary duplication of efforts and control fees and expenses.” (emphasis added). Thus, this section addresses the behavior of the committee rather than the existence of a committee.
In this case, without an appointed counsel to discuss discovery matters with, CleanTech must contact each attorney separately. Further, the fact that Defendants have worked together thus far does not guarantee that they will continue to as the case progresses. Without a clear organization in place, Defendants are free to unilaterally organize and disorganize throughout the MDL proceeding. These wasteful and duplicative efforts undercut the efficiencies of the MDL and run counter to the policies of MDL in the first place."
SEE HERE
SkunK
Sunday, January 9, 2011
Even More Filings
Sales Prospects
"Additional information in this regard will be provided to all of our shareholders shortly, however, for now, know that we have good reason to be energized with our sales prospects."
The SkunK would like to make two predictions based on the note from yesterday. First let me say that I have no additional information other than the last post, combined with past public information I am about to point out.
"Additional information in this regard will be provided to all of our shareholders shortly, . ."
The last shareholder letter came out January 19th, 2010. The previous shareholder letters came out 17 March 2009. and February 19, 2008.
1. Based on the above information, the SkunK predicts that we will see a Shareholder letter in January - or at least within the next 30 days.
"however, for now, know that we have good reason to be energized with our sales prospects."
Reading this, being a part of the same sentence, the SkunK believes that the 2010 Shareholder letter will be have information about, and discuss new sales contracts. Here is more information from the 3Q that I think is relevant:
We expect to achieve increased economies of scale as all of the Company’s existing licensees commence production of corn oil and as we execute new licenses for our patented extraction technologies.
Execute new license agreements during 2010 with ethanol producers corresponding to an aggregate capacity of at least 1 billion gallons per year of ethanol.
Obviously new sales are in a "pipeline". They do not suddenly appear, but rather start at a point of introduction and move through to contract signing and then on to revenue flow. As shareholders we are interested in revenue flow. Not every introduction ends with revenue flow. The company can predict revenue flows based on sales in the pipeline, however until the contract is signed and announced, we as shareholders have very little information about the pipeline. Another problem is one company may take days while another may take months to reach the same decision. The company had expected to reach at least another 100mmgy of ethanol production under contract. Based on the information above, the company obviously is excited about the sales pipeline - meaning to me - that enough of the sales are nearing a contract signing (and public announcement), that they are "energized".
2. The SkunK predicts that we will see new sales contacts in excess of 100mmgy of ethanol production in conjunction with, or just prior to the Shareholder letter predicted above.
Now as I have said many times, whenever the SkunK makes a prediction you may need to re-read my disclosures at the bottom of my blog. I am not an unbiased observer - I am an investor! However, judging by the tone of the main financial boards I-Hub, Raging Bull and Yahoo, (and more and more the comment section of my blog), there are NO unbiased observers of GreenShift. lol
Of course, whenever I predict something I am either right or wrong. When I am right it is said I must be an insider. When I am wrong I am an idiot. Although I know neither is true, I admit there is occasional evidence for the latter. This blog allows you to look over my shoulder at the DD I have found. Sometimes I share what I am thinking, sometimes I do not. (Since I have been thinking about a home project lately, that may be a good thing.) You might look at the same references and come to the exact opposite conclusion. That's just fine with me. The year 2011 should well decide who was right and who was wrong in this investment - I see no use getting all excited about what someone else decides to do.
In fact, I have learned through experience that its more likely that someone would disagree - rather than agree with me - I can prove that theory by showing you my wedding ring. :~)
Good Luck to all Investors,
SkunK
The SkunK would like to make two predictions based on the note from yesterday. First let me say that I have no additional information other than the last post, combined with past public information I am about to point out.
"Additional information in this regard will be provided to all of our shareholders shortly, . ."
The last shareholder letter came out January 19th, 2010. The previous shareholder letters came out 17 March 2009. and February 19, 2008.
1. Based on the above information, the SkunK predicts that we will see a Shareholder letter in January - or at least within the next 30 days.
"however, for now, know that we have good reason to be energized with our sales prospects."
Reading this, being a part of the same sentence, the SkunK believes that the 2010 Shareholder letter will be have information about, and discuss new sales contracts. Here is more information from the 3Q that I think is relevant:
We expect to achieve increased economies of scale as all of the Company’s existing licensees commence production of corn oil and as we execute new licenses for our patented extraction technologies.
During the nine months ended September 30, 2010, we entered into license agreements with ethanol producers corresponding to more than 900,000,000 gallons of ethanol production bringing our total licensed production to 1,200,000,000 gallons of ethanol.
Execute new license agreements during 2010 with ethanol producers corresponding to an aggregate capacity of at least 1 billion gallons per year of ethanol.
Obviously new sales are in a "pipeline". They do not suddenly appear, but rather start at a point of introduction and move through to contract signing and then on to revenue flow. As shareholders we are interested in revenue flow. Not every introduction ends with revenue flow. The company can predict revenue flows based on sales in the pipeline, however until the contract is signed and announced, we as shareholders have very little information about the pipeline. Another problem is one company may take days while another may take months to reach the same decision. The company had expected to reach at least another 100mmgy of ethanol production under contract. Based on the information above, the company obviously is excited about the sales pipeline - meaning to me - that enough of the sales are nearing a contract signing (and public announcement), that they are "energized".
2. The SkunK predicts that we will see new sales contacts in excess of 100mmgy of ethanol production in conjunction with, or just prior to the Shareholder letter predicted above.
Now as I have said many times, whenever the SkunK makes a prediction you may need to re-read my disclosures at the bottom of my blog. I am not an unbiased observer - I am an investor! However, judging by the tone of the main financial boards I-Hub, Raging Bull and Yahoo, (and more and more the comment section of my blog), there are NO unbiased observers of GreenShift. lol
Of course, whenever I predict something I am either right or wrong. When I am right it is said I must be an insider. When I am wrong I am an idiot. Although I know neither is true, I admit there is occasional evidence for the latter. This blog allows you to look over my shoulder at the DD I have found. Sometimes I share what I am thinking, sometimes I do not. (Since I have been thinking about a home project lately, that may be a good thing.) You might look at the same references and come to the exact opposite conclusion. That's just fine with me. The year 2011 should well decide who was right and who was wrong in this investment - I see no use getting all excited about what someone else decides to do.
In fact, I have learned through experience that its more likely that someone would disagree - rather than agree with me - I can prove that theory by showing you my wedding ring. :~)
Good Luck to all Investors,
SkunK
Friday, January 7, 2011
A Note From the CEO, Kevin Kreisler
Dear Shareholder:
There is no plan to take GreenShift private. We remain single-mindedly focused on building shareholder value for all of our shareholders by increasing sales, achieving profitability, and reducing debt. We remain optimistic that we will be successful on each front.
Additional information in this regard will be provided to all of our shareholders shortly, however, for now, know that we have good reason to be energized with our sales prospects.
We have perfected a superior equipment package, with downtimes of less than 1% and increased yield, reliability and optionality as compared to competing equipment offerings. We give our licensees the ability to fine tune co-product output and specifications; to leverage the several years we spent developing multiple offtake markets to sell oil for the highest value; and, to maximize output for the least cost and energy given each licensee's specific upstream process requirements. And, because we invented the process, our licensees share in the benefits of our patent protection.
As we said in yesterday's release, a 110 million gallon per year ethanol producer can be generating more than $9 million per year in additional income today with our patented process - with a payback of less than 6 months. This value presents GreenShift licensees with remarkable benefit and opportunity; and unlicensed producers with liabilities that are accruing at alarming rates with every pound of oil extracted and sold.
Thank you for your continued interest and support.
Regards,
Kevin Kreisler
GreenShift Corporation
*******************************
Just sat down to lunch at my desk and saw this reply just come in - in my inbox
SkunK
There is no plan to take GreenShift private. We remain single-mindedly focused on building shareholder value for all of our shareholders by increasing sales, achieving profitability, and reducing debt. We remain optimistic that we will be successful on each front.
Additional information in this regard will be provided to all of our shareholders shortly, however, for now, know that we have good reason to be energized with our sales prospects.
We have perfected a superior equipment package, with downtimes of less than 1% and increased yield, reliability and optionality as compared to competing equipment offerings. We give our licensees the ability to fine tune co-product output and specifications; to leverage the several years we spent developing multiple offtake markets to sell oil for the highest value; and, to maximize output for the least cost and energy given each licensee's specific upstream process requirements. And, because we invented the process, our licensees share in the benefits of our patent protection.
As we said in yesterday's release, a 110 million gallon per year ethanol producer can be generating more than $9 million per year in additional income today with our patented process - with a payback of less than 6 months. This value presents GreenShift licensees with remarkable benefit and opportunity; and unlicensed producers with liabilities that are accruing at alarming rates with every pound of oil extracted and sold.
Thank you for your continued interest and support.
Regards,
Kevin Kreisler
GreenShift Corporation
*******************************
Just sat down to lunch at my desk and saw this reply just come in - in my inbox
SkunK
Thursday, January 6, 2011
GreenShift’s Patented Corn Oil Extraction Process Demonstrates Record Performance
GreenShift Corporation (OTC Bulletin Board: GERS) today announced that its patented corn oil extraction processes have demonstrated record levels of added profit for ethanol producers.
A new corn oil extraction system at a 110 million gallon per year ethanol facility would pay for itself within less than 6 months, producing additional profit of about $0.08 per gallon of ethanol produced and about $9 million per year at current corn oil market prices.
For ethanol producers currently not extracting oil, now is the time to license and install a corn oil extraction system. Corn oil extraction increases profitability, decreases risk and provides a powerful competitive advantage for GreenShift’s licensees.
Ethanol producers recovering corn oil from stillage without a license are incurring liabilities at alarming rates.
GreenShift’s technical services staff are available at 888-ETHANOIL or sales@greenshift.com to respond to quotation requests and to answer any questions about GreenShift’s patented corn oil extraction technologies.
SEE HERE
*********************
This is a new PR.
It is centered on superior performance - much the same subject - as the last PR Here.
SkunK
A new corn oil extraction system at a 110 million gallon per year ethanol facility would pay for itself within less than 6 months, producing additional profit of about $0.08 per gallon of ethanol produced and about $9 million per year at current corn oil market prices.
For ethanol producers currently not extracting oil, now is the time to license and install a corn oil extraction system. Corn oil extraction increases profitability, decreases risk and provides a powerful competitive advantage for GreenShift’s licensees.
Ethanol producers recovering corn oil from stillage without a license are incurring liabilities at alarming rates.
GreenShift’s technical services staff are available at 888-ETHANOIL or sales@greenshift.com to respond to quotation requests and to answer any questions about GreenShift’s patented corn oil extraction technologies.
SEE HERE
*********************
This is a new PR.
It is centered on superior performance - much the same subject - as the last PR Here.
SkunK
Wednesday, January 5, 2011
GreenShift Response
Here is the GreenShift response to the last filing concerning Mr. Cantrell's statement and the one year prior sale discussion. The SkunK tried to cut out the heart of the new argument and post it below:*********************
"The simple point made by CleanTech in the unrelated filing is that, as a matter of law, the letter falls outside the purview of 35 U.S.C. § 102(b) because it was delivered after the critical date. That does not translate into an admission by Plaintiff that if it was delivered prior to the critical date it is an invalidating offer for sale under § 102(b). Even if the letter was delivered prior to the critical date - which it wasn't - the letter is not material because it does not constitute an offer for sale of the invention under § 102 (b).
Further, it is black-letter law that “[t]he filing of an information disclosure statement shall not be construed to be an admission that the information cited in the statement is, or is considered to be, material to patentability as defined in § 1.56(b).” 37 CFR §1.97(h). Nevertheless, Defendants’ reference to the Cantrell Declaration and the July 31, 2003 letter is improper and must be stricken from their consolidated Opposition."
SkunK
Tuesday, January 4, 2011
EPA Expected to Issue E15 Decision in January
EPA Gets Final E15 Test Data
WASHINGTON (Reuters) -- The U.S. Environmental Protection Agency has received final test results from the Energy Department on how older vehicles perform using gasoline blended with 15 percent ethanol, the agency said on Monday.
The EPA said it is now on track to issue a decision this month on whether so-called E15 gasoline is safe for vehicles built during the 2001 to 2006 model years. U.S. gasoline now contains up to 10 percent ethanol.
SEE ALL HERE
SkunK
WASHINGTON (Reuters) -- The U.S. Environmental Protection Agency has received final test results from the Energy Department on how older vehicles perform using gasoline blended with 15 percent ethanol, the agency said on Monday.
The EPA said it is now on track to issue a decision this month on whether so-called E15 gasoline is safe for vehicles built during the 2001 to 2006 model years. U.S. gasoline now contains up to 10 percent ethanol.
SEE ALL HERE
SkunK
Al-Corn Clean Fuels Update
Update on 'da Update - SkunK says: "Government bureaucracy is shown to be root of problem."
Link to more detailed report
"Doyal said the plant had applied for a permit from the Minnesota Pollution Control Agency to get clearance to replace the 15- to 16-year-old carbon steel tank with a stainless steel tank, but that permit had not been granted until last Thursday — about eight months after Al-Corn had applied for the permit."
"Doyal said while he would have expected such a permit to be approved in one day in Iowa, . ."
**********************
Ethanol plant holding tank collapses
CLAREMONT — A 270,000 gallon corn mash holding tank, which was scheduled to be replaced at the Al-Corn Clean Fuels in Claremont, collapsed inside a building about 1:30 a.m. New Years Day, draining nearly all the mash from that tank and from another one connected to it.
About 420,000 gallons in all spilled, and about 100,000 gallons got out of the building but stayed on Al-Corn land, said Randy Doyle, Al-Corn CEO. Most of the mash in the building was recovered and is being turned into ethanol, he said.
Mash is part of the process used to turn corn into ethanol. “It kind of looks like Malt-O-Meal, maybe a little bit more liquidy,” he said.
No one was hurt, though those inside were scared, he said.
SEE HERE
*******************
Looks like Al-Corn had an accident, good to see no one was hurt. Al-Corn Clean Fuels is an accused infringer of the GreenShift COES patents. In their recent newsletter we see they sold 1,976,260# of corn oil over 4 months. That is about 260,000 gallons and about @ a 780,000 gallon a year rate. Quite a lower rate than this - 4 gallons of corn oil per 100 gallons of ethanol!
SkunK
PS
"liquidy" may not be a word in established dictionaries- but it should be - just 'cause I like it. . . lol
Link to more detailed report
"Doyal said the plant had applied for a permit from the Minnesota Pollution Control Agency to get clearance to replace the 15- to 16-year-old carbon steel tank with a stainless steel tank, but that permit had not been granted until last Thursday — about eight months after Al-Corn had applied for the permit."
"Doyal said while he would have expected such a permit to be approved in one day in Iowa, . ."
**********************
Ethanol plant holding tank collapses
CLAREMONT — A 270,000 gallon corn mash holding tank, which was scheduled to be replaced at the Al-Corn Clean Fuels in Claremont, collapsed inside a building about 1:30 a.m. New Years Day, draining nearly all the mash from that tank and from another one connected to it.
About 420,000 gallons in all spilled, and about 100,000 gallons got out of the building but stayed on Al-Corn land, said Randy Doyle, Al-Corn CEO. Most of the mash in the building was recovered and is being turned into ethanol, he said.
Mash is part of the process used to turn corn into ethanol. “It kind of looks like Malt-O-Meal, maybe a little bit more liquidy,” he said.
No one was hurt, though those inside were scared, he said.
SEE HERE
*******************
Looks like Al-Corn had an accident, good to see no one was hurt. Al-Corn Clean Fuels is an accused infringer of the GreenShift COES patents. In their recent newsletter we see they sold 1,976,260# of corn oil over 4 months. That is about 260,000 gallons and about @ a 780,000 gallon a year rate. Quite a lower rate than this - 4 gallons of corn oil per 100 gallons of ethanol!
SkunK
PS
"liquidy" may not be a word in established dictionaries- but it should be - just 'cause I like it. . . lol
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