October 20, 2010
GreenShift Corporation announced today its execution of a license agreement with Corn, LP for use of GreenShift’s patented corn oil extraction technologies at Corn, LP’s 50 million gallon ethanol plant in Goldfield, Iowa.
Under the terms of the agreement, Corn, LP will finance, build and operate a new corn oil extraction facility based on GreenShift’s patented corn oil extraction processes. In addition, GreenShift will provide Corn, LP with ongoing technical support with a view towards maximizing the performance and benefits of Corn, LP’s planned new corn oil extraction installation.
Brad Davis, General Manager of Corn, LP said that “We have set a number of new performance records at Corn, LP within the past year, with record levels of ethanol and DDGS production from our plant as well as improved operating efficiencies. We are confident that the addition of GreenShift’s patented corn oil extraction processes to our facility will help us build on our successes with additional improvements in efficiency and profitability.”
Source : Press Release
See Also :
Green Plains Renewable Energy to Implement Corn Oil Extraction Technology
GreenShift Executes Agreement with United Ethanol to Extract Corn Oil