Today, GreenShift Corp. announced that it has executed a license agreement with Advanced BioEnergy LLC. The company also reported on the successful commissioning of its patented corn oil extraction technology at Advanced BioEnergy’s 110 million gal/year ethanol plant in Fairmont, Nebraska.
According to the agreement, GreenShift has designed and assisted Advanced BioEnergy with the construction of a system based on GreenShift’s corn oil extraction process. The system uses two Alfa Laval Disc Stack Centrifuges for maximum performance. The agreement also states that Greenshift will provide Advanced BioEnergy with ongoing technical support to maximize the performance and benefits of the new extraction process. In addition, Advanced BioEnergy will have access to GreenShift’s portfolio of proprietary technologies to support the further enhancement of by-product revenues beyond corn oil extraction.
Richard Peterson, CEO of Advanced BioEnergy LLC, said, “We did extensive research to determine the best system to install at our plants. After visiting and speaking to other plant operators it was clear that the GreenShift design is the highest yielding system with minimal down time. Today, we are pleased to announce that the extraction system was installed and successfully commissioned in August and we are consistently extracting our desired yield without use of chemical additives. The turn-key system designed by GreenShift has a payback of substantially less than one year. We look forward to the additional income this system will generate for our business, and evaluating GreenShift’s additional technologies to take advantage of additional opportunities to enhance our bottom line.”
David Winsness, GreenShift’s Chief Technology Officer, added, “Ethanol plants need to think differently about by-product management today. GreenShift’s technologies allow licensed producers to get the most out their by-products. A key focal point of our offering is extracting and shifting products into markets where they inherently have higher values, such as, in the case of corn oil, the biodiesel and specialty chemical markets. We are very pleased to be working with Advanced BioEnergy and its progressive, high caliber team.”
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