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| GS CleanTech acquires NextGen biodiesel technology |
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| Wednesday, 19 July 2006 | |
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GS CleanTech Corporation (OTC Bulletin Board: VRDM - News) today announced the signing of an agreement with NextGen Fuel, Inc. for the rights to distribute and use NextGen's continuous-flow, multi-feedstock biodiesel process technology.
NextGen's biodiesel process technology uses process intensification techniques which it is claimed accelerates biodiesel reaction processes, decreases process time, reduces energy and raw material needs, and increases product quality.
David Winsness, president and CEO of GS CleanTech's process engineering division, claimed 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 12 week delivery times make the NextGen technology an attractive option".
GS CleanTech is currently focused on delivering its technology and process solutions to the ethanol industry with a view to 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 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. GS CleanTech claims its own 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 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 compliment to our corn oil and other biodiesel feedstock acquisition technologies as it creates opportunities for cost-effective production and sales of biodiesel in the communities that are producing the corn."
Formerly named Veridium Corporation, GS CleanTech Corporation provides applied engineering and industrial design services based on clean technology and process solutions for recycling and reusing resources.
GS CleanTech is majority-owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a company devoted to facilitating the efficient use of natural resources.
David Smith, Singapore
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