die neue Greenshift - auf zu alten Höhen ?
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http://biz.yahoo.com/bw/080213/20080213005634.html?.v=1
NEW YORK--(BUSINESS WIRE)--GreenShift Corporation (OTC Bulletin Board: GERS - News) today announced that, as of the close of business on February 11, 2008, its name change from “GS CleanTech Corporation” to “GreenShift Corporation” became effective.
Commencing today, February 13, 2008, GreenShift’s shares will be quoted on the OTC Bulletin Board under the trading symbol GERS.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS - News) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s ambition is to catalyze disruptive environmental gains by creating valuable opportunities for a great many people and companies to use resources more efficiently and to be more profitable.
GreenShift’s view is that the first and best way to achieve its mission today is to facilitate the more efficient production and use of biomass-derived fuels. GreenShift does this today by developing and integrating new clean technologies into existing biofuel production facilities, by selling equipment and services based on its technologies, and by using its technologies to directly produce and sell biomass-derived oils and fuels.
Additional information on GreenShift and its current operations will be made available online on GreenShift’s new website at www.greenshift.com later this month.
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GreenShift Executes Agreement with United Ethanol to Extract Corn Oil
Wednesday February 13, 7:56 am ET
NEW YORK--(BUSINESS WIRE)--GreenShift Corporation (OTC Bulletin Board: GERS - News) today announced its execution of an agreement with United Ethanol, LLC (www.unitedethanol.com), to initially extract up to 1.5 million gallons per year of crude corn oil from the distillers grain co-product from United Ethanol’s new dry mill ethanol plant.
United Ethanol began operating in March 2007 and has demonstrated its commitment to the advancement of ethanol production through its agreements with GreenShift (to extract and sell corn oil), EPCO Carbon Dioxide, Inc. (to bottle and sell carbon dioxide), Environmental Credit Corporation and Carbon Green, LLC (to monetize carbon credits).
GreenShift’s patent-pending Corn Oil Extraction Systems™ have been engineered to help ethanol producers increase cash flows through the introduction of a third and novel revenue stream – corn oil. GreenShift provides turn-key extraction systems to participating ethanol producers at no cost to the ethanol producers in return for the long-term right to purchase the extracted corn oil at a per pound premium to its value when trapped in the distiller’s grains. GreenShift’s extraction technology also reduces overall plant emissions and utility costs by upwards of $1 million per year for a 100 million gallon per year ethanol plant that dries 100% of its distiller’s grains.
Kevin Kreisler, GreenShift’s chairman said that “Corn ethanol producers recognize the need to use technology to enhance margins and defray risk. The best way to do this is to implement “plug and play” technologies that enhance the yields and operating efficiencies of traditional ethanol production process. Our corn oil extraction technology is the first of several technologies that meet that goal that we are bringing to market and we are excited by the opportunity to work with United Ethanol.”
Focus on Ethanol Production
GreenShift is focused on delivering technologies and process innovations to the ethanol production industry with a view towards maximizing the yield of corn-based ethanol production. GreenShift’s currently available offerings in its ethanol program include its:
Corn oil extraction systems;
Integral biodiesel production systems; and,
Integral biomass gasification for combined heat and power solutions.
GreenShift is also developing new technologies, such as its carbon dioxide algal bioreactor technology, for application at ethanol facilities.
Traditional ethanol processing converts each bushel of corn, which weighs about 54 pounds, into about 18 pounds of ethanol, 18 pounds of carbon dioxide, and 18 pounds of distillers dried grains, which contain about 2 pounds of fat. This corresponds to about 2.8 gallons of fuel production per bushel of corn. GreenShift's ambition is to increase this efficiency as much as possible by converting as co-products such as DDG and carbon dioxide into additional renewable fuels.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS - News) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s ambition is to catalyze disruptive environmental gains by creating valuable opportunities for a great many people and companies to use resources more efficiently and to be more profitable.
GreenShift’s view is that the first and best way to achieve its mission today is to facilitate the more efficient production and use of biomass-derived fuels. GreenShift does this today by developing and integrating new clean technologies into existing biofuel production facilities, by selling equipment and services based on its technologies, and by using its technologies to directly produce and sell biomass-derived oils and fuels.
Additional information on GreenShift and its current operations will be made available online on GreenShift’s new website at www.greenshift.com later this month.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
GreenShift Corporation
Phone: 212-994-5374
Fax: 646-572-6336
investorrelations@greenshift.com
www.greenshift.com
or
CEOcast, Inc.
Phone: 212-732-4300
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NEW YORK--(BUSINESS WIRE)--Kevin Kreisler, chairman of GreenShift Corporation (OTC Bulletin Board: GERS - News), issued the following letter today to the shareholders of GreenShift:
Dear Shareholders:
Our transition away from investing broadly in emerging cleantech to operating a company based on focused applications of cleantech is materially complete. We can now move forward free of distraction.
Those of you that have been tracking our restructuring will know that our original corporate structure resulted in the successful financing, acquisition and development of our core technologies and operations. I appreciate that the process has taken its toll and that the wait has been long but know this: in spite of the difficulty and through the frustrations, something remarkable occurred: we created a company that has significant value; a company that has the potential to become great by generating substantial shareholder wealth through the execution of a business plan designed to provide a meaningful contribution to resolving urgent ecological challenges.
We pushed through our early-stage growing pains, right-sized our operations, trimmed most of our fat, successfully completed R&D and commercialized two new clean technologies, and we executed on our business model. We are relentlessly focused on the execution of this model today.
The purpose of this letter is to provide all of our shareholders, employees, clients, vendors, partners and other stakeholders with a clear understanding who we are, what we have accomplished, and where we are going.
Who We Are
We develop and commercialize clean technologies that facilitate the efficient use of natural resources, and our ambition is to use those technologies to catalyze disruptive environmental gains by creating valuable opportunities for a great many people and companies to use natural resources more efficiently and to be more profitable.
To make this a reality, we target and reduce inefficiencies in existing production processes by
developing and implementing incremental advances in technologies
that integrate into and leverage established production infrastructure and distribution channels
to enable increased and sustainable profits by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions.
These incremental shifts forward in both economic and environmental gain – these green shifts – are at the core of our business model.
We believe that the first, best and most cost-effective way to ‘catalyze disruptive environmental gain’ is to develop technology-driven economic incentives that motivate a large population of people and companies to make incremental environmental contributions that are collectively very significant.
Consider the example of how we use liquid fuels today. Fuels are produced, distributed and consumed globally; we use them to produce electricity, to power transportation, to heat our homes and to manufacture products; they directly impact our bottom lines and our savings accounts; and, fossil fuel derived carbon emissions present an urgent challenge: global climate change.
The economic and environmental profiles of liquid fuels converge to give us a key, easily understood and readily accessible system of incentives and performance metrics: supply-chain costs and carbon mass.
Given the relative ease with which the entrenched liquid fuel production, distribution and consumption infrastructure can be leveraged to affect change, the direct financial impact that liquid fuels have on each of us, and the role of carbon emissions in the destabilization of our ecosystem, liquid fuels present a fertile opportunity to catalyze disruptive change on globally-meaningful scales.
This opportunity can be exploited by enhancing supply-chain economics while shaving carbon off of the flow of liquid fuels as they move from production to combustion. This is a tangible and very achievable goal, and it can be initially realized by developing and commercializing technologies that empower people and companies to burn less fossil fuels.
What We Have Accomplished
Since our inception in April 2005, we raised and deployed more than $50 million to develop and commercialize technologies that we believed would create value-added low-carbon fuel and energy production opportunities.
We originally invested in broad array of these technologies, including advanced ultrasonic and nanocatalytic reformation processes, novel separation, extraction and preparation processes, and enhanced chemical, thermal and biological processes – all with a view towards development of a financeable business model that downshifted both the cost structure and the carbon intensity of carbonaceous fuels.
We successfully developed and commercialized two strategically compatible technologies that achieve this goal by creating valuable opportunities to enhance the economics of biofuel production. We are executing a go-to-market strategy based on these two technologies and we are currently focused on achieving our mission by
developing and integrating new clean technologies into existing biofuel production facilities,
by selling equipment and services based on those technologies, and
by using those technologies to directly produce and sell biomass-derived oils and fuels.
Today, our more than 100 employees service the needs of our clients and partners and generate value for our shareholders through the following activities:
construction and operation of oil extraction, oilseed crushing, and biodiesel production facilities that we own and operate;
sales of biomass-derived oils and fuels;
design, construction and installation of biodiesel production facilities that we sell to our clients;
provision of strategic process engineering, project oversight and plant management services;
provision of custom manufacturing services (including rapid prototyping and pilot project support); and,
clean technology research and development.
Together, these activities produced about $10 million in sales, about $3 million in EBITDA and about $1 million in net income during the three months ended September 30, 2007 – the same quarter that we initiated cash flows with our first two new technologies: our patent-pending corn oil extraction and biodiesel production technologies.
Our Technologies
GreenShift’s technologies are robust, scalable, energy efficient, modular and capable of rapid and cost-effective “plug-and-play” integration into existing biofuel production infrastructure. These advantages enable the extraction, beneficiation and refining of many different forms of biomass into carbon-neutral biofuels cost-effectively at a range of scales. A partial summary of our technologies is provided here:
Technology
Description
Corn Oil Extraction Extracts crude vegetable oil from co-product of corn ethanol production
Animal Fat Extraction Extracts brown grease from co-product of animal and livestock processing
Fats & Oils Preparation Prepares crude fats and oils for conversion into biodiesel
Desiccation/Homogenization Prepares cellulosic feedstocks for conversion into biomass-derived liquid fuels
Biodiesel Production Enhanced chemical conversion of fats and oils into biodiesel
Biomass Gasification Enhanced thermal conversion of cellulosic feedstocks into biomass-derived liquid fuels
Carbon Dioxide Bioreformation Enhanced biochemical conversion of CO2 into biomass-derived liquid fuels
Our commercialization plan for these technologies is based on the iterative integration and synergistic application of several technologies into traditional agriproducts plants in ways that enable us to greenshift the host and to cost-average down the costs and risks associated with both the host and each subsequent technology upgrade.
We are initially focused on executing this strategy in the corn-derived ethanol industry. The primary reason for this is that our historical technology development efforts and the evolution of the corn ethanol market converged at the right time to give our first technology, corn oil extraction, significant market traction. As it happens, our view is that the established first generation corn ethanol infrastructure is the only practical pathway in North America to cost-effectively increase the production and use of carbon-neutral biofuels on globally-meaningful scales.
Given our mission and the trajectory of our revenue model, greenshifting the corn ethanol pathway is a necessary first step for us.
Our go-to-market plan today is accordingly based on the commercialization and sequential integration of our technology upgrades into Gen 1.0 corn ethanol process infrastructure on the following roll-out schedule:
Version
Technology
Biofuel
Gen 1.1 Corn Oil Extraction Biodiesel
Gen 1.2 Integral Biodiesel Production Biodiesel
Gen 1.3 Integral Biomass Gasification for Heat and Power Applications Cellulosic
Gen 1.4 Integral Biomass Gasification for Liquid Fuels Applications Cellulosic
Gen 1.5 Integral Bioreformation of Carbon Dioxide into Liquid Fuels Cellulosic
Each step is designed to integrate and work with each previous step as well as the host ethanol facility to capitalize on all practical operating synergies. Gen 1.1 enhances the economic and environmental profile of the host facility; Gen 1.2 enhances the profile of both Gen 1.1 and the host, and so on. The commercialization processes for Gen 1.1 and 1.2 are complete and we are actively implementing a go-to-market based on these technologies. The technologies needed for Gen 1.3 have completed their early-stage commercialization process and we plan to start our marketing of these capabilities later this year. Gen 1.4 has been proven at the small-scale pilot level and is slated for a larger demonstration later this year. The technologies needed for Gen 1.5 are still deep in the R&D stage but are on schedule to conduct our first pilot demonstration of our bioreactor technology during the first quarter 2008.
Our Corn Oil Extraction Technology
Traditional corn ethanol processes convert each bushel of corn, which weighs about 54 pounds, into about 18 pounds of ethanol, 18 pounds of carbon dioxide, and 18 pounds of distillers dried grains, which contain about 2 pounds of fat. Our proven, high-yield patent-pending corn oil extraction technology intercepts the flow the distillers grain co-product from inside the ethanol facility and extracts more than 75% of the fat.
Our extraction process accomplishes this in two steps that can extract more than 6.5 million gallons per year of crude corn oil from a 100 million gallon per year ethanol production facility.
We have executed contracts with a number of corn ethanol producers to ‘plug’ our corn oil extraction systems into the back end of their facilities. These contracts have a minimum term of ten years and are based on the installation of turn-key extraction systems at participating ethanol facilities at our cost in return for the long-term right to purchase the extracted oil at about 51% of then-current diesel spot prices.
At current market prices, participating facilities earn about $8 million (for a 100 million gallon per year ethanol facility) per year in additional earnings that are tied to the diesel markets – for no investment. This enhances our ethanol clients’ cash flows and helps to offset their market risk. Additionally, the use of our technology decreases the mass of distillers grain co-product that has to be dried and therefore also reduces the ethanol facility’s use of fossil fuels and utility costs.
In sum, our proven extraction technology greenshifts participating ethanol facilities by
increasing their revenue and earnings and
decreasing their carbon emissions while
enhancing the fuel yield and energy balance of their plants.
We currently generate revenue with this technology by extracting and selling the extracted crude corn oil as a feedstock for conversion into biodiesel for about $2.25 per gallon at current market prices. Once we have our own biodiesel production facilities, we can directly convert our extracted oil into biodiesel ourselves and generate sales of more than $3.50 per gallon at current market prices.
Our process engineers have designed our patent-pending biodiesel and associated process technologies to cost-effectively convert crude fats and oils into biodiesel at the relatively small scales which our corn oil extraction systems operate.
We have recently proven the performance of our biodiesel technologies at two separate facilities that we commissioned for third-party clients during 2007. These third-party facilities are operating today and we have started processing our corn oil regularly in one of them. To our knowledge, they are among a very short list of operating facilities in the U.S. that are successfully producing fuel from alternative, high free fatty acid feedstocks such as pork fat, crude vegetable oils and waste greases. Our plan is to build GreenShift-owned biodiesel production facilities based on our biodiesel and related technologies on-site at Gen 1.0 corn ethanol plants.
Our Current Operations
-- Production and Sales of Biomass-Derived Oils
At December 31, 2007, our production facilities included one 1.5 million gallon per year corn oil extraction facility and one 100 ton per day oilseed crushing facility. Combined, these facilities corresponded to an annualized oil sales rate of more than $11 million at current market prices.
We recently closed on sufficient financing to build an additional 12 million gallons per year of corn oil extraction capacity. These facilities are expected to become operational in a staggered fashion over the next nine months and they correspond to more than $27 million in additional annualized oil sales at current market prices.
Our plan is to build, own and operate a large number of smaller, distributed biomass-derived oil and fuel production facilities and to build out additional production capability over time at each facility as market conditions warrant. We are currently operating and building the following GreenShift-owned production oil production facilities:
Location
Technology
Current Status
Oshkosh, Wisconsin Corn Oil Extraction Operational
Culbertson, Montana Oilseed Crushing Operational
Mount Morris, New York Corn Oil Extraction Start-Up
Marion, Indiana Corn Oil Extraction Construction
Riga, Michigan Corn Oil Extraction Construction
Lakota, Iowa Corn Oil Extraction Construction
Fulton, New York Corn Oil Extraction Construction
Milton, Wisconsin Corn Oil Extraction Construction
-- Design, Manufacturing and Sales of Biodiesel Production Equipment
During 2007, we designed, built and commissioned two biodiesel production systems for third party clients. These systems corresponded to 15 million gallons of annualized biodiesel production capacity and about $5.5 million in sales.
We are building an additional four 10 million gallon per year biodiesel production facilities for third party clients. These facilities are all scheduled for commissioning during 2008 and the associated agreements correspond to more than $15 million in additional equipment sales.
Our contracted equipment sales backlog and qualified sales pipeline include many more systems. These contracts and additional sales are structured to trigger upon the closing by the relevant client of sufficient financing to build and operate their facilities.
Our Planned Production Facilities
-- Expansion of Our Oilseed Crushing Facility
We are currently raising about $6.6 million in conventional debt and about $1.2 million in equity to expand our Montana-based 100 ton per day oilseed crushing facility to 600 tons per day. This financing is expected to close within the next few months and the expansion of this facility is expected to be completed later this year.
Once the expansion is complete and we scale up to full production, this plant is expected to generate more than $80 million per year in oil sales and $12 million in annualized EBITDA at current market prices.
-- Construction of Additional Corn Oil Extraction and Co-Located Biodiesel Production Facilities
We have executed agreements to construct many more GreenShift-owned corn oil extraction facilities. We also have agreements in place today to build biodiesel facilities on-site at Global Ethanol's Lakota, Iowa ethanol facility and Northeast Biofuels' Fulton, New York ethanol facility.
Our goal is to have at least 50 million gallons per year of both (1) corn oil extraction and (2) biodiesel production capacity online by the end of 2009. At current market prices, 50 million gallons per year of corn oil derived biodiesel corresponds to more than $180 million in annualized sales and more than $50 million in annualized EBITDA.
We plan to finance the construction of these additional corn oil extraction and biodiesel production facilities with a combination of cash flows from existing GreenShift production facilities and about $150 million in conventional debt and equity. We believe that a raise of this magnitude is very feasible given the successful coupling of our now-proven extraction and biodiesel technologies, our long term right to purchase crude corn oil at rates that are hedged to our biodiesel offtake markets in sufficient quantities to easily service our debt, and strong ethanol market driven demand for our extraction technology.
We have engaged Fieldstone Private Capital Group (www.fpcg.com) to complete this raise and we expect to close on the financing required for an additional 20 million gallons of contracted corn oil extraction capacity as well as our first two GreenShift-owned biodiesel facilities in Lakota, Iowa and Fulton, New York during the first half of 2008.
Where We Are Going
Our corn oil offering allows our ethanol clients, their financial partners and their other stakeholders to rapidly access better than 40% of the value of the corn oil locked in the distillers grains with no capital expense. By participating in our program, our corn ethanol clients can shore up their margins and reduce some of their commodity risk because we purchase their oil for a price that is indexed off of the diesel spot market. By providing our clients with these benefits, we have created a long-term hedged feedstock market for our own biodiesel production.
The potential size of this market opportunity to us is more than 1 billion gallons per year of oil. Our initial goal is to achieve 20% market share as quickly as possible. Importantly, we can do this almost entirely out of our cash flows after we finance and deploy the first 50 million gallons per year of corn oil extraction and biodiesel production capacity.
While we have a lengthy head start, we understand that objects in our rear view mirror are closer than they appear. We plan to maintain our technology leadership by doing more of what we have done. While many push for second generation biofuels technologies (which are vitally necessary), we will continue to push incrementally through extraction (Gen 1.1) to biodiesel (Gen 1.2) to biomass-derived heat and power (Gen 1.3) to biomass-derived liquid fuels (Gen 1.4) to carbon dioxide derived liquid fuels (Gen 1.5) and so on.
In other words, we are just going to keep shifting.
We are going to execute into and grow from our current book of business and, in the process, I personally believe that we will build great value for our shareholders contributing to a cause that is bigger than we will ever be.
We have an exceptionally talented team of technologists and process engineers that are directly responsible for making GreenShift one of few profitable cleantech biofuels companies in market today. I find this to simply be remarkable and it is high time for the message to become clear.
With the restructuring behind us, our story will no longer be spread across multiple public entities – we now have one brand, one company and one consolidated shareholder base. Know that our entire team is looking forward with great anticipation to continued growth, success and driving increased shareholder value.
We are grateful for your patience and support and we look forward to our next communication.
Best Regards,
Kevin Kreisler
Chairman and Chief Executive Officer
GreenShift Corporation
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS - News) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s ambition is to catalyze disruptive environmental gains by creating valuable opportunities for a great many people and companies to use resources more efficiently and to be more profitable.
GreenShift’s view is that the first and best way to achieve its mission today is to facilitate the more efficient production and use of biomass-derived fuels. GreenShift does this by developing and integrating new clean technologies into existing biofuel production facilities, by selling equipment and services based on its technologies, and by using its technologies to directly produce and sell biomass-derived oils and fuels.
GreenShift’s technical services staff is available at 888-EthanOil to answer any questions about GreenShift’s patent-pending Corn Oil Extraction technology.
Additional information on GreenShift and its current operations will be made available online on GreenShift’s new website at www.greenshift.com later this month.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
GreenShift Corporation
Phone: 212-994-5374
Fax: 646-572-6336
Email: investorrelations@greenshift.com
Web: www.greenshift.com
or
Investor Relations:
CEOcast, Inc.
Gary Nash, 212-732-4300
--------------------------------------------------
Source: GreenShift Corporation
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Wednesday February 20, 9:10 am ET
NEW YORK--(BUSINESS WIRE)--GreenShift Corporation (OTC Bulletin Board: GERS - News) today announced its execution of agreements with Adrian, Michigan-based Biofuel Industries Group, LLC (d/b/a NextDiesel) pursuant to which GreenShift agreed to design and build more than $10 million worth of biodiesel production, feedstock pre-treatment and related process equipment based on GreenShift’s proprietary biofuel technologies.
GreenShift had previously sold NextDiesel an early version of its 10 million gallon per year biodiesel production system with transesterification, direct esterification and other capabilities. NextDiesel is using this equipment today to produce and sell biodiesel out of pork fat, crude vegetable oils and high free fatty acid feedstocks.
Under the new agreements, GreenShift will design, build and commission an additional 20 million gallons per year of biodiesel production capacity with full alternative feedstock processing capabilities. In addition, GreenShift’s process engineers will manage plant operations during the construction of the increased capacity in return for a fee based upon NextDiesel’s earnings through December 31, 2008.
Terry Nosan, NextDiesel’s chief executive officer, said that “we are fortunate to have selected GreenShift as our technology provider. We believe that GreenShift is without question the technology leader in the industry. While their technologies are impressive, their true strength lies in their team and the fact that nearly every one of them has extensive chemical process experience. This expertise has been invaluable to us and we are very excited by these new agreements with GreenShift and our growth plan.”
“Our approach is to partner with our clients to provide them with the service of getting their business off the ground in a safe, compliant and profitable manner at capacity,” said Kevin Kreisler, GreenShift’s chairman. “The realities of the feedstock markets require biodiesel producers to integrate feedstock pre-treatment and other processes into their facilities in order to produce fuel profitably in today’s feedstock-challenged market place. NextDiesel foresaw this and asked us to design their facility to accept lower-cost, high free fatty acid feedstocks for high-yield conversion into biodiesel. NextDiesel is consequently primed to be a leading producer of biofuels and we are thrilled to have the continued opportunity to earn their business.”
Kreisler continued: “Importantly, NextDiesel has become a first-of-its-kind strategically valuable showcase for GreenShift’s full corn oil to biodiesel program. We designed NextDiesel’s process to accept and convert our crude corn oil supplies at high yields into a superior quality biodiesel product and they have started to successfully produce high grade biodiesel out of our corn oil. We have agreed to sell NextDiesel all of the corn oil we produce this year as we bring our various corn oil extraction systems online.”
About GreenShift’s Biodiesel Technologies
GreenShift’s biodiesel production technologies leverage innovative chemical process intensification techniques to enhance reaction kinetics, decrease process time, reduce energy and raw material needs, and increase product quality. GreenShift delivers cost-effective turn-key biodiesel processing solutions that enable GreenShift’s clients to proactively manage the realities of the feedstock and biodiesel markets. GreenShift’s offering includes bundled process engineering, project oversight and plant management services, as well as access to GreenShift’s strategic feedstock supplies, vendor financing and EPC wrap capabilities. Additional information on GreenShift’s biodiesel offering is available online at http://www.greenshift.com/product_desc.php?mode=5.
About GreenShift’s Corn Oil Technology
Traditional corn ethanol processes convert each bushel of corn, which weighs about 54 pounds, into about 18 pounds of ethanol, 18 pounds of carbon dioxide, and 18 pounds of distillers dried grains, which contain about 2 pounds of fat. GreenShift’s proven, high-yield patent-pending corn oil extraction technology intercepts the flow the distillers grain co-product from inside the ethanol facility and extracts more than 75% of the fat. GreenShift’s extraction process accomplishes this in two steps that can extract more than 6.5 million gallons per year of crude corn oil from a 100 million gallon per year ethanol production facility.
GreenShift has executed contracts with a number of corn ethanol producers to ‘plug’ its corn oil extraction systems into the back end of their facilities. These contracts have a minimum term of ten years and are based on the installation of turn-key extraction systems at participating ethanol facilities at GreenShift’s cost in return for the long-term right to purchase the extracted oil at a price indexed off of diesel spot prices.
At current market prices, participating ethanol facilities earn about $8 million (for a 100 million gallon per year ethanol facility) per year in additional earnings that are tied to the diesel markets – for no investment. This enhances participating ethanol facilities’ cash flows and helps to offset their market risk. Additionally, the use of GreenShift’s technology decreases the mass of distillers grain co-product that has to be dried and therefore also reduces the ethanol facility’s use of fossil fuels and utility costs.
GreenShift’s technical services staff is available at 888-EthanOil to answer any questions about GreenShift’s patent-pending Corn Oil Extraction technology. Additional information on GreenShift’s corn oil offering is also available online at http://www.greenshift.com/product_desc.php?mode=1.
About NextDiesel
Biofuel Industries Group, LLC owns and operates the NextDiesel™ biodiesel facility in Adrian, Michigan. The NextDiesel facility is designed to scale from 10 million gallons per year of production capacity to 30 million gallons per year, with the ability to increase capacities even further to meet the growing demand for renewable fuels. NextDiesel is the first Michigan biodiesel manufacturing facility to certify as a designated Renewable Energy Renaissance Zone, helping Michigan to continue to develop as a leader in renewable energy technology and production. Additional information on NextDiesel is available online at www.nextdiesel.net and http://greenshift.jgpdev.com/media/.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS - News) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s ambition is to catalyze disruptive environmental gains by creating valuable opportunities for a great many people and companies to use resources more efficiently and to be more profitable.
GreenShift’s view is that the first and best way to achieve its mission today is to facilitate the more efficient production and use of biomass-derived fuels. GreenShift does this today by developing and integrating new clean technologies into existing biofuel production facilities, by selling equipment and services based on its technologies, and by using its technologies to directly produce and sell biomass-derived oils and fuels.
Additional information on GreenShift and its current operations is available online on GreenShift’s new website at www.greenshift.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
GreenShift Corporation
Phone: 212-994-5374
Fax: 646-572-6336 fax
investorrelations@greenshift.com
www.greenshift.com
or
Investor Relations:
CEOcast, Inc.
Gary Nash, 212-732-4300
--------------------------------------------------
Source: GreenShift Corporation
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Wertpapier: Greenshift Corp. |
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frechheit wie hier das geld des anlegers verbrand wird.
dafür gibt es keinen ausdruck mehr der mir bekannt ist!!!
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Wertpapier: Greenshift Corp. |
25.02.2008 16:16
GreenShift Strikes Oil at Western New York Energy
GreenShift Corporation (News) (OTC Bulletin Board: GERS) today announced that it has begun to produce crude corn oil at its 1.5 million gallon per year corn oil extraction facility co-located at Western New York Energy, LLC's 50 million gallon per year corn ethanol production facility in Medina, New York. Western New York Energy began operations in December 2007 and is the first operating ethanol plant in the Northeastern U.S.
“We still have to finish installing the tank farm and other infrastructure but we're going to start moving product,“ said Kevin Kreisler, GreenShift's chairman. “The Western New York Energy team has been very proactive. They have helped us bring the facility online on time and on budget. Their efforts should be commended.“
The Western New York Energy extraction facility is GreenShift's second operational corn oil extraction facility and it brings GreenShift's total current annualized corn oil production capacity to more than 3.0 million gallons per year. GreenShift recently closed on a revolving line of credit that is sufficient to build an additional 10.5 million gallons per year of corn oil extraction capacity. These new facilities are expected to become operational in a staggered fashion over the next nine months and will bring GreenShift's annualized corn oil production to more than 13.5 million gallons per year.
Kreisler added: “Our corn oil extraction technology and the structure of our offering enable participating ethanol producers to rapidly tap into the latent value of the crude corn oil locked in their distillers grains for no investment. This both enhances and diversifies our ethanol clients' margins while favorably reducing the risk profile presented by the corn and ethanol commodity markets. We are grateful to have the continuing opportunity to bring these benefits to Western New York Energy, and we hope to earn the opportunity to do so for the owners and financial partners of many more ethanol facilities.“
Importantly, given the structure of GreenShift's new revolving line of credit, GreenShift has the resources to continue installing extraction facilities beyond its first 13.5 million gallons per year by using this debt facility and GreenShift's cash flows from prior installations.
National Ethanol Conference
GreenShift's team of extraction engineers will be attending the 13th annual National Ethanol Conference during February 25-27, 2008 in Orlando, Florida, and will be available to meet with ethanol producers and their financial partners. Interested parties can schedule a meeting by calling GreenShift at 888-ETHANOIL or by emailing GreenShift at ETHANOIL@greenshift.com.
GreenShift's Focus on Corn Ethanol Production
GreenShift is focused on delivering technologies and process innovations to the ethanol production industry with a view towards maximizing the yield of corn-based ethanol production. GreenShift's currently available offerings in its ethanol program include its integral corn oil extraction and biodiesel production systems. GreenShift is also developing new technologies for application at corn ethanol facilities, including integral biomass gasification and carbon dioxide bioreformation.
Traditional corn ethanol processes convert each bushel of corn, which weighs about 56 pounds, into about 18 pounds of ethanol, 18 pounds of carbon dioxide, and 18 pounds of distillers dried grains, which contain about 2 pounds of fat. GreenShift's proven, high-yield patent-pending corn oil extraction technology intercepts the flow the distillers grain co-product from inside the ethanol facility and extracts more than 75% of the fat. GreenShift's extraction process accomplishes this in two steps that can extract more than 6.5 million gallons per year of crude corn oil from a 100 million gallon per year ethanol production facility.
GreenShift has executed contracts with a number of corn ethanol producers to “˜plug' its corn oil extraction systems into the back end of their facilities. These contracts have a minimum term of ten years and are based on the installation of turn-key extraction systems at participating ethanol facilities at GreenShift's cost in return for the long-term right to purchase the extracted oil at a price indexed off of diesel spot prices.
At current market prices, participating ethanol facilities earn about $8 million (for a 100 million gallon per year ethanol facility) per year in additional earnings that are tied to the diesel markets - for no investment. This enhances participating ethanol facilities' cash flows and helps to offset their market risk. Additionally, the use of GreenShift's technology decreases the mass of distillers grain co-product that has to be dried and therefore also reduces the ethanol facility's use of fossil fuels and utility costs.
GreenShift's patent-pending corn oil extraction technology provides participating ethanol producers with the following compelling benefits:
increased revenue and earnings
decreased carbon emissions and
enhanced biofuel yield and energy balance from corn.
GreenShift's technical services staff is available at 888-ETHANOIL to answer any questions about GreenShift's patent-pending Corn Oil Extraction technology. Additional information on GreenShift's corn oil offering is also available online at http://www.greenshift.com/product_desc.php?mode=1.
GreenShift's Biodiesel Technologies
GreenShift's biodiesel production technologies leverage innovative chemical process intensification techniques to enhance reaction kinetics, decrease process time, reduce energy and raw material needs, and increase product quality. GreenShift delivers cost-effective turn-key biodiesel processing solutions that enable GreenShift's clients to proactively manage the realities of the feedstock and biodiesel markets. GreenShift's offering includes bundled process engineering, project oversight and plant management services, as well as access to GreenShift's strategic feedstock supplies, vendor financing and EPC wrap capabilities. Additional information on GreenShift's biodiesel offering is available online at http://www.greenshift.com/product_desc.php?mode=5.
About Western New York Energy, LLC
Western New York Energy, LLC was founded in 2004 and is committed exclusively to the operation of its 50 million gallon per year fuel grade ethanol plant in Medina, New York. Western New York Energy began operations in December 2007 and is the first operating ethanol plant in the Northeastern U.S. Western New York Energy is a locally owned company that is committed to its mission of developing the full potential of Western New York's renewable energy resources while utilizing industry best practices and the highest ethical standards to work with its community and business partners. Additional information on Western New York Energy is available online at www.wnyenergy.com.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift's ambition is to catalyze disruptive environmental gains by creating valuable opportunities for a great many people and companies to use resources more efficiently and to be more profitable.
GreenShift's view is that the first and best way to achieve its mission today is to facilitate the more efficient production and use of biomass-derived fuels. GreenShift does this today by developing and integrating new clean technologies into existing biofuel production facilities, by selling equipment and services based on its technologies, and by using its technologies to directly produce and sell biomass-derived oils and fuels.
Additional information on GreenShift and its current operations is available online on GreenShift's new website at www.greenshift.com.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------------
FORM 8-K
---------------------
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
COMMISSION FILE NO.: 001-16207
Date of Report: February 29, 2008
GS AGRIFUELS CORPORATION
--------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 98-0226479
--------------------------------------------------
(State of other jurisdiction of (IRS Employer
incorporation or organization Identification No.)
One Penn Plaza, Suite 1612, New York, New York 10119
--------------------------------------------------
(Address of principal executive offices) (Zip Code)
(212) 994-5374
--------------------------------------------------
(Registrant's telephone number including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
__ Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
__ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
__ Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
__ Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
8-K Last Page of 2 TOC 1st Previous Next Bottom Just 2nd
ITEM 3.03 MATERIAL MODIFICATION TO RIGHTS OF SECURITY HOLDERS
On February 29, 2008, a wholly-owned subsidiary of GreenShift Corporation
(the "Subsidiary") that owned 90% of the outstanding shares of GS AgriFuels,
filed with the Delaware Secretary of State a Certificate of Ownership and Merger
merging Subsidiary into GS AgriFuels Corporation. The effect of the merger is
the following:
- The shares of GS AgriFuels ceased to be outstanding at the close of
business on February 29, 2008.
- On March 27, 2008 GS AgriFuels will pay $.50 per share to the record
holders of common stock as of February 29, 2008 other than Subsidiary.
- GS AgriFuels Corporation has become a 100%-owned subsidiary of GreenShift
Corporation.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibits
3-a. Certificate of Ownership and Merger merging Subsidiary into GS AgriFuels
Corporation.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: March 3, 2008 GS AGRIFUELS CORPORATION
By: /s/ Kevin Kreisler
------------------------------
Kevin Kreisler
Chief Executive Officer
http://www.greenshift.com/media/greenshift_bioreactor.wmv
Holy cow. BBB they post in english and have one of my favorite vids on the board. How do I post there. I like you germans cause you party!
http://greenshift.jgpdev.com/media/0815biodiesel.avi
http://www.sec.gov/Archives/edgar/data/1269127/...138/gers8k52008.txt
achso, sind erst 3 monate, na dann kann man -40 % schon noch durchgehen lassen ausnahmsweise, aber im august will ich die -80 % sehen oder mehr
GreenShift Corporation (OTCBB: GERS), a company that through its subsidiaries, develops and commercializes clean technologies that facilitate the use of natural resources, announced its financial results for three months ended March 31, 2008. Total revenue for the three months ended March 31, 2008 were $6.6 million, representing an increase of 552%, over the three months ended March 31, 2007. Gross profit for the three months ended March 31, 2008 was $1.8 million, representing a gross margin of 27.1%. This compared to $0.1 million or 9.7%, in the comparable period of the prior year. Net loss from continuing operations for the three months ended March 31, 2008, was $3,794,409 as compared to a loss of $4,357,564 from the same period in 2007. The company also announced that GreenShift and the owners of Biofuels Industries Group, LLC exchanged company stock in return for 100% of the equity of BIG. This transaction is currently in escrow pending receipt of all final post-closing deliverables. The stock fell by a penny, to finish the week at $0.09.
SATURDAY, JUNE 28, 2008
POTSDAM — A New York firm has commissioned ZeroPoint Clean Tech's first commercial biofuel unit. The Potsdam startup will replicate its green technology in Tonawanda and ship the equipment later this summer.
The Potsdam Commerce Park-based firm is one of the first in the world to convert plant scraps like wood chips, palm pellets, sugar cane waste and switchgrass into biodiesel. The small-scale technology is aimed at empowering communities to create a biofuel energy infrastructure.
Once the first unit is shipped, ZeroPoint expects investors from India, Malaysia and Europe to create a backlog of orders for the sustainable energy technology.
The green energy firm received more than $7 million in funding last year, including $1 million from Seaway Private Equity Corp.
SOURCE: http://www.watertowndailytimes.com/article/...EWS05/802192993/-1/news
http://www.zeropointcleantech.com/_Media/commissioning_pr.pdf