This release came out just in time to be mentioned while an ethanol conference is going on in Kansas City. I guess corn can also be made into biodiesel. You just don’t hear as much about it. There’s certainaly a lot going on in the renewable fuels sector right now. Of course it doesn’t hurt to have a champion in the White House either.
GreenShift Acquires Stake in Ethanol Oil Recovery Systems
Breakthrough Green Technology Efficiently Converts Corn Oil Into Biodiesel Fuel
MOUNT ARLINGTON, N.J., GreenShift Corporation (BULLETIN BOARD: GSHF) today announced the completion of its investment in Ethanol Oil Recovery Systems, LLC (“EORS”).
EORS, a green technology development company, is the inventor of a new patent-pending breakthrough technology for the cost-effective conversion of corn oil into biodiesel fuels. EORS has agreed to transfer its technology to a new development partnership called SunSource BioEnergy, LLC, that is comprised of and managed by some of the ethanol industry’s leading producers, including VeraSun Energy, Glacial Lakes Energy, KAAPA Ethanol, Golden Grain Energy. EORS owns an 18% stake in the SunSource BioEnergy partnership.
“Our technology is an innovative and unique approach. After considerable research, development and testing, we are pleased to contribute the technology to the SunSource BioEnergy industry partnership,” stated David Cantrell, chairman and founder of EORS.
For more information contact Jim Grainer, President and Chief Financial Officer of GreenShift Corporation, +1-973-398-8183.