GS Clean Tech, Northeast Biofuels ink corn oil deal; corn oil from NEB’s ethanol plant to be feedstock for GS biodiesel plant

In New York, GS CleanTech Corporation inked an agreement with Northeast Biofuels to extract 10 Mgy of crude corn oil from the distillers grain produced at NEB’s 114 Mgy ethanol plant in Volney.  under the agreement,  GS CleanTech will provide an extraction system to NEB and in turn receives a right to purchase the extracted corn oil at a contract price.

Meanwhile, GS CleanTech’s sister company,  GS AgriFuels Corporation will construct a 10 Mgy corn oil-based biodiesel facility adjacent to the NEB facility.

The New York State Energy Research and Development Authority has given the venture a $250,000 grant in support of the construction of this biodiesel production facility.

New York has lagged, along with other sections of the east coast, in biofuels production. However, Mascoma, a cellulosic ethanol start-up, has a 500,000 gallon demonstration plant under construction in New York and scheduled to open later this year.

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