GreenShift: 50 Hottest Companies in Bioenergy candidate profile

GreenShift

Based in: New York
2008-09 rank: Unranked

Business:

Extraction of corn oil from ethanol co?product. Transesterification — integrated refining upgrade for corn oil extraction facilities

GreenShift develops and commercializes clean technologies designed to integrate into and leverage established production infrastructure and distribution channels to address the financial and environmental needs of its clients by decreasing raw material needs, facilitating co?product reuse, and reducing the generation of wastes and emissions. Over 20% of the U.S. ethanol industry is using GreenShift’s patented and patent?pending extraction technologies today.

Past Milestones

A. Complete financing for construction of new facilities based on patented and patent?pending corn oil extraction technologies.

B. Form strategic partnerships to accelerate and amplify execution of go?to?market strategy for corn oil extraction technologies, and to enhance the development of pilot and bench stage technologies.

C. Restructure $40 million in historical debt raised during 2004?2007 to develop and commercialize extraction and refining technologies.

Future Milestones

A. Build value for GreenShift’s clients and shareholders by building as many corn oil extraction facilities as possible, as quickly as possible, with a view towards achieving 100 million gallons per year of installed corn oil extraction capability within 5 years.

B. Continue to improve upon patented and patent?pending corn oil extraction and related technologies (i) to maximize yield, (ii) to decrease cost, energy and carbon, and (iii) to enhance the value proposition to GreenShift’s clients and shareholders.

C. Make a meaningful contribution to shifting the corn ethanol industry into increased economic and environmental sustainability by demonstrating the commercial viability of GreenShift’s full backend Fractionation technology portfolio in collaboration with strategic partners.

Model:

GreenShift licenses its patented and patent?pending corn oil extraction technologies to corn ethanol producers in return for the right to purchase the extracted oil for the life of the use of the technology. GreenShift earns money by buying and selling or refining the extracted oil. The price paid for the oil corresponds to a substantial premium to the value of the oil to participating ethanol producers prior to extraction. At this rate, GreenShift retains about 20% of the value of the extracted oil.

Quotable quotes:

“GreenShift’s primary competitive advantage is its use of its technology positioning to deliver powerful competitive advantages to the renewable fuels industry –increased sustainability, reduced cost, reduced energy, and reduced carbon, all through the industry’s existing production assets.

“With a majority of plants adopting GreenShift’s patented and patent?pending corn oil extraction technologies, and with an estimated 11.5 billion gallons of ethanol produced,the ethanol industry could be saving about 100 million MMBtu per year while producing more than 2.8 million tons of inedible corn oil per year (over 736 million gallons). The result at current market prices is staggering: the ethanol industry could be producing over $1.1 billion, in additional profit today by using GreenShift’s corn oil extraction technologies.

Metrics:

GreenShift’s Corn Oil Extraction Technologies increase biofuel yields per bushel of corn by7% while reducing the energy and greenhouse gas (GHG) intensity of corn ethanol production by more than 21% and 29%, respectively. These benefits correspond to increased ethanol producer income of about $0.12 per gallon of ethanol produced at current market prices, and can be realized for less than 10% of the capital cost of the host ethanol plant.

The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites. Reader response will count for 50 percent of a company’s overall score in the preparation of the rankings. The remaining 50 percent is voted by a panel of experts.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

50 Hottest Companies in Bioenergy: Complete candidate profiles and company registration information

The 50 Hottest Companies in Bioenergy rankings  for 2009-10 will be released Tuesday, 12/1. Rules and procedures Register your company Candidate profiles Aquaflow Bionomic Balboa Pacifi...

Company profiles for “50 Hottest Companies in Bioenergy” rankings available

This year, subscribers will be voting this November on the 50 Hottest Companies in Bioenergy - in addition to votes from the expert selector panel. Profiles on candidate companies are available here, ...

StormFisher Biogas: 50 Hottest Companies in Bioenergy candidate profile

StormFisher Biogas Based in: Ontario, Canada 2008-09 ranking: Unranked Business: Biomethane, converted to grid-connected electricity, via anaerobic digestion. Model: Build, own, operate Pas...

Blue Marble Energy: 50 Hottest Companies in Bioenergy candidate profile

Blue Marble Energy Based in: Washington state 2008-09 ranking: Unranked Business: Produces biochemicals (esters, amides, anhydrous ammonia) and bioenergy through anaerobic fermentation and the ma...

Enhanced Biofuels: 50 Hottest Companies in Bioenergy candidate profile

Enhanced Biofuels Based in: Texas 2008-09 ranking: Unranked Business: Enhanced Biofuels is a Houston-based alternative diesel technology company that has developed the HS Reactor System.  This ...

Raven Biofuels: 50 Hottest Companies in Bioenergy candidate profile

Raven Biofuels Based in: New Jersey 2008-09 ranking: #26 Business: Two stage dilute acid hydrolysis for Ethanol, Furfural and high value organic specialty chemicals Model: Own and operate. ...