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Pacific Ethanol, Inc. (PEIX) Message Board

  • slashnuts slashnuts Sep 6, 2013 3:50 PM Flag

    GreenShift Licenses Its Patented Corn Oil Extraction Process to Sunoco

    GreenShift Licenses Its Patented Corn Oil Extraction Process to Sunoco


    Technology Produces Feedstock for Biodiesel, Second Renewable Fuel from Sunoco’s Green E15 Manufacturing Facility in Fulton, New York

    GERS announced today that it has licensed its patented technology to Sunoco for extraction of corn oil from a co-product of Sunoco’s corn ethanol manufacturing facility in Fulton, New York. The recovered corn oil is a valuable raw material for use in the manufacturing of biodiesel and other carbon-neutral products.

    “The ability to extract corn oil to sell to third parties will provide a positive economic impact at the plant.”
    .
    Designated an ‘advanced technology’ by the U.S. Environmental Protection Agency, GreenShift’s patented corn oil extraction is proven to improve the profitability, energy efficiency and carbon footprint of ethanol plants. GreenShift’s extraction process gives Sunoco the exciting ability to contribute to the production of a second renewable fuel (biodiesel) from every kernel of corn that is refined into ethanol. One kernel of corn can now produce two renewable fuels using GreenShift’s proprietary process.

    Sunoco additionally awarded GreenShift the construction project to design and install the equipment.

    “We selected GreenShift to be our technology provider after extensive review,” added Gary Center, Fulton ethanol facility manager at Sunoco. “The ability to extract corn oil to sell to third parties will provide a positive economic impact at the plant.”

    “GreenShift is very pleased to be working with Sunoco; throughout the entire process Sunoco demanded the very best, and we are pleased that we were able to deliver,” added Edward Carroll, GreenShift’s President

    Sentiment: Strong Sell

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PEIX
21.43-0.16(-0.74%)Aug 20 4:00 PMEDT

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