One Penn Plaza
Suite 1612
New York, NY 10119
United States
Phone: 212-994-5374
Fax: 646-572-6336
www.greenshift.com
GreenShift Corporation develops and commercializes clean technologies that facilitate the use of natural resources. The company owns four corn oil extraction facilities that are located in Oshkosh, Wisconsin, Medina, New York, Marion, Indiana, and Riga, Michigan. It has also installed one facility in Albion, Michigan. It has the long-term right to buy the oil extracted from the Albion facility. The company also owns a 10 million gallon per year biodiesel refinery located in Adrian, Michigan and an oilseed crushing facility in Culbertson, Montana. The company’s segments include Equipment & Technology Sales; Culinary Oil Production & Sales; and Biofuels Production & Sales. Competition The company competes with Archer Daniels Midland Corporation, Bunge Limited, Cargill, Tyson, and Conoco Phillips. History The company was founded in 1984. It was formerly known as GS CleanTech Corporation and changed its name to GreenShift Corporation in 2008.
Why this is a hot stock
- On Wednesday October 14, 2009, GreenShift Corporation announced today that the U.S. Patent and Trademark Office has issued U.S. Patent No. 7,601,858, titled “Method of Processing Ethanol Byproducts and Related Subsystems” (the ’858 Patent) for the extraction of corn oil to GS CleanTech Corporation, a wholly-owned subsidiary of GreenShift.
- GreenShift’s patented and patent-pending corn oil extraction technologies enable GreenShift and its licensees to “drill” into the back-end of first generation corn ethanol plants to tap into a new reserve of inedible crude corn oil with an estimated industry-wide output of about 20 million barrels per year. This corn oil is a valuable second generation feedstock for use in the production of biodiesel and renewable diesel – advanced carbon-neutral liquid fuels, thereby enhancing total fuel production from corn and increasing ethanol plant profits.
- GreenShift’s portfolio of patented and patent-pending extraction technologies can cost-effectively extract most of this corn oil, thereby increasing biofuel yields per bushel of corn by 7% while reducing the energy consumption and greenhouse gas (“GHG”) intensity of corn ethanol production by an estimated 21% and 29%, respectively.
- Tuesday October 20, 2009 GreenShift Corporation announced today that the U.S. Patent and Trademark Office issued notice that pending patent number 11/688,435 will be issued as U.S. Patent No. 7,608,729, titled “Method of Freeing the Bound Oil Present in Whole Stillage and Thin Stillage” (the ’729 Patent) on October 27, 2009 to GS CleanTech Corporation, a wholly-owned subsidiary of GreenShift.