| USA. GS CleanTech acquires exclusive rights to biodiesel production technology for ethanol industry |
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| Thursday, 20 July 2006 | |
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Company news: GS CleanTech Corporation (OTC Bulletin Board: VRDM) has announced its execution of an agreement with NextGen Fuel, Inc. for the exclusive rights to distribute and use NextGen's patent-pending continuous-flow, multi-feedstock biodiesel process technology in the Ethanol Production Industry. Process intensification NextGen's biodiesel process technology leverages innovative process intensification techniques to accelerate and enhance traditional biodiesel reaction kinetics, thus decreasing process time, reducing energy and raw material needs, and increasing product quality. These benefits translate to increased capital and operating cost efficiencies at smaller scales as compared to traditional biodiesel process technologies. David Winsness, president and chief executive officer of GS CleanTech's process engineering division, said that "Among the more significant benefits of the NextGen technology is its ability to produce high quality biodiesel out of multiple alternative feedstocks continuously at small scales. This is important because our clean fuels program is based on delivering technologies to our clients that produce clean fuels cost-effectively out of alternative feedstocks such as corn oil. These benefits and NextGen's rapid 12 week delivery times make the NextGen technology a highly attractive option." Focus on Ethanol GS CleanTech is currently focused on delivering its technologies and process innovations to the Ethanol Production Industry with a view towards maximizing the yield of corn-based ethanol production. 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 (DDG), which contain about 2 pounds of fat. This corresponds to a corn to clean fuel conversion efficiency of about 33%, or about 2.8 gallons of clean fuel per bushel of corn. GS CleanTech's ambition is to increase this efficiency as much as possible. GS CleanTech's own patent-pending corn oil extraction technology converts the fat in the DDG into a high grade corn oil that can then be converted into biodiesel on close to a 1:1 volumetric basis. This increases the corn to clean fuel conversion efficiency described above to 36%, or about 3.0 gallons of clean fuel per bushel of corn. Winsness added: "The NextGen technology is a perfect compliment to our corn oil and other biodiesel feedstock acquisition technologies as it creates valuable opportunities for cost-effective production and sales of biodiesel in the regions and communities that are producing the corn. We are excited to add this valuable technology to our portfolio of clean technologies." |
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| Last Updated ( Thursday, 20 July 2006 ) |
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