Greenshift=green=good; infinite percents
grüße,Gadric
Bush warns on foreign oil dependence By DEB RIECHMANN, Associated Press Writer
9 minutes ago
PINEY POINT, Md. - President Bush marked Labor Day on Monday by promising to help keep U.S. workers competitive in global markets and reduce U.S reliance on foreign oil so it doesn\'t choke U.S. economic expansion. "Dependence on foreign oil jeopardizes our capacity to grow," Bush said in a speech focused on the U.S. economy — a key issue in November elections that will determine whether the GOP retains control of the House and Senate.
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Democrats contend the middle class isn\'t enjoying the benefits of recent U.S. economic gains. They say sluggish median earnings show paychecks have failed to keep pace with inflation, and they note rising health care and energy costs.
Average prices at the gas pump have eased over the past month from more than $3 for a gallon for unleaded regular gasoline to $2.79. That has given Americans some relief, but Bush warned against continued reliance on oil-producing countries where the United States is unpopular.
"The problem is we get oil from some parts of the world and they simply don\'t like us," Bush said. "And so the more dependent we are on that type of energy, the less likely it will be that we are able to compete, and so people have good, high-paying jobs."
Bush said he is working to advance technologies so batteries can power automobiles on short trips and ethanol can replace gasoline. He also renewed his support for nuclear energy.
The president gave his 11-minute holiday address at the Paul Hall Center for Maritime Training and Education, which offers vocational training to members of the Seafarers International Union.
Technology has allowed the union to be more productive, Bush said, and "technology is going to enable us to become less dependent on oil."
Rep. Ed Markey, D-Mass., a senior member of the House Energy and Commerce Committee, said Bush didn\'t mention one proposal aimed at easing U.S. addiction to foreign oil: Upgrading fuel economy standards from levels set in 1975 to reflect nearly 30 years of new technologies.
"President Bush\'s willful disregard of imposing tough new fuel economy standards is hobbling our national security, our economy and our environment," Markey said. "And proposing nuclear power as an answer to cars, SUVs and trucks burning oil shows that the president isn\'t serious about our dangerous Middle East oil dependence."
Bush also urged Congress to make permanent a host of tax cuts. And he thanked America\'s fighting men and women for their sacrifices and said, "They may hear all the political discourse going on, but the people of this country — the people of the United States of America — stand squarely behind the men and women who wear our uniform."
Before his outdoor remarks, Bush spent time "steering" a U.S. Coast Guard cutter in a simulation room where he was surrounded by video screens offering him a panoramic view of the harbor in Baltimore and gurgling sounds of water.
"Just make sure I don\'t run into the wall," he joked.
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Wednesday September 6, 8:00 am ET
NEW YORK--(BUSINESS WIRE)--Sept. 6, 2006--GS AgriFuels Corporation (OTC Bulletin Board: GSGF - News) today announced its plans to build an integrated multi-feedstock, multi-fuels production facility in Memphis, Tennessee.
GS AgriFuels has executed several of the agreements necessary to develop its Memphis site and expects to commence construction of the Memphis facility later this year.
"We strongly believe in the potential of renewable fuels, but our view is that the domestic clean fuels industry faces significant challenges over the coming years," said Kevin Kreisler, GS AgriFuels' chairman and chief executive officer. "Among other challenges, the biodiesel sector faces high concentrations of risk in the soy markets and the corn-derived ethanol sector is facing both increasing corn prices and decreasing distillers dried grains prices. Our belief is that these risks can be mitigated with feedstock diversification and with the use of proprietary new technologies and production improvements. Our business model incorporates elements of each."
GS AgriFuels intends to use standard fuel production technologies and a number of proprietary technologies, including innovative pre-treatment, process intensification, gasification, catalytic, and carbon capture technologies, synergistically at small-scales to enable the refining of many forms of biomass into clean fuels, including biodiesel and ethanol.
"Our development plans are based on the premise that feedstock diversification and integrated multi-fuel production capability at relatively small-scales will allow us to hedge risk and proactively manage fluctuating market conditions in opportunistic ways," added Kreisler. "We are designing our facilities around this philosophy."
GS AgriFuels is currently developing several sites for the construction of its planned integrated multi-fuel production facilities. GS AgriFuels' planned Memphis facility will have an initial nameplate capacity of 10 million gallons of biodiesel and 5 million gallons of ethanol, methanol and/or biomass-derived synthetic diesel and will commence production in 2007.
GS AgriFuels' expects to scale its Memphis, Tennessee facility to in excess of 45 million gallons of annual fuel production given that facility's location in a major distribution hub. Additional information on GS AgriFuels' development plans is available online at www.gs-agrifuels.com.
About GS AgriFuels Corporation
GS AgriFuels Corporation (OTC Bulletin Board: GSGF - News) was founded to produce and sell clean fuels from agriproducts in innovative new ways that allow producers of agriproducts, their local communities and consumers to save money, reduce pollution and contribute to energy independence.
GS AgriFuels intends to build a large number of clean fuel production facilities in America under its Mean Green BioFuels brand. GS AgriFuels' chief ambition is to get cleaner, greener burning fuels grown in the U.S.A. in as many engines as possible, as quickly as possible.
Wednesday September 6, 8:00 am ET
NEW YORK--(BUSINESS WIRE)--Sept. 6, 2006--GS CleanTech Corporation (OTC Bulletin Board:GSCT - News) today announced its release of a process demonstration of GS CleanTech's patented carbon dioxide bioreactor technology.
The process demonstration, as well additional technical and other information on GS CleanTech's CO2 Bioreactor technology, is available online at www.gs-cleantech.com.
GS CleanTech's Carbon Dioxide Bioreactor
GS CleanTech's CO2 Bioreactor efficiently converts a concentrated supply of CO2 into oxygen and biomass. The oxygen output of the bioreactor can be used to increase the efficiency of, and decrease the emissions associated with, on-site combustion and other processes. The biomass output of the bioreactor can be harvested and converted into ethanol, biodiesel and/or biomass-derived synthetic fuels through an enzymatic process or, preferably, gasification followed by catalytic conversion into liquid fuels.
GS CleanTech's bioreactor is designed to enhance and capitalize on natural photosynthetic processes to capture and then convert carbon dioxide emissions into not one, but two valuable products - oxygen and an algae-based biomass.
"The oxygen output of our bioreactor has tremendous value for on-site power generation and gasification processes," said David Winsness, GS CleanTech's president and chief operating officer.
Impact on Coal Gasification
A standard coal gasification facility gasifies and partially oxidizes prepared coal with oxygen and heat into a hydrogen rich synthesis gas, or syngas. The syngas is combusted and converted into electricity in a gas-fired generator. The gasification stage of the process generates carbon dioxide emissions which, in some of the most advanced current practices, is compressed and sequestered underground in saline formations or the like. The carbon capture and sequestration stage of this process increases operating costs by more than 20% as compared to standard coal-fired gasification.
As applied at a coal gasification facility, GS CleanTech's bioreactor consumes exhaust carbon dioxide and has the potential to offset the substantial operating and capital costs associated with conventional oxygen production while producing a valuable biomass co-product that can be used to enhance the plant's power output and/or add new revenues arising from the production and sale of biomass-derived fuels.
Impact on Ethanol Facilities
A 50 million gallon per year dry mill ethanol production facility consumes about 500,000 tons of corn. About one third of this mass exits the dry mill ethanol production process at the fermentation stage in the form of exhaust carbon dioxide.
As applied at a standard dry mill ethanol production facility, GS CleanTech's bioreactor consumes exhaust carbon dioxide and has the potential to significantly enhance the net energy value of corn-derived ethanol processes by producing a number of valuable co-products that can increase plant output and gross margins. Additional information on this and GS CleanTech's Ethanol Programs is available online at www.gs-cleantech.com.
Winsness added: "While these carbon emissions are converted into renewable fuels and eventually combusted, they offset use of more carbon intensive and less efficient virgin petroleum hydrocarbons."
"We believe that the resolution to many of the environmental challenges we face today can be found in the cost-savings and increased profits that flow from consuming natural resources, such as coal or corn, more efficiently. We are very excited about our work with this technology."
GS CleanTech is currently deploying its first commercial scale pilot bioreactor system and anticipates use of the technology at an early adopter ethanol facility to demonstrate its ability to materially enhance the net energy value of corn-derived ethanol processes.
About GS CleanTech Corporation
GS CleanTech Corporation (OTC Bulletin Board:GSCT - News) provides applied engineering and technology transfer services based on clean technologies and process innovations that make it cost-effective and easy to recycle and reuse resources.
Wednesday September 6, 8:00 am ET
NEW YORK--(BUSINESS WIRE)--Sept. 6, 2006--GS Energy Corporation (OTC Bulletin Board: GSEG) today announced its formation of a carbon trading division to focus on the increased development of GS Energy's renewable energy certificate, energy efficiency certificate, carbon and other emissions credit trading businesses.
The new division, GS Carbon Trading, Inc., will trade and sell renewable energy certificates ("RECs"), or Green Tags, and energy efficiency certificates ("EECs"), or White Tags, as well as emissions credits and other similar attributes.
Green Tags enable retail residential and non-residential consumers to purchase green, or environmentally friendly, energy through their existing utility and offset reliance on power generated from fossil fuel sources. Green Tags are the intangible environmental benefits associated with generating one megawatt hour ("MWh") of electric energy from a renewable resource such as biomass, sunlight, and wind. Green Tags don't require the energy to be physically delivered to the buyer, but instead offset the difference between cost of the renewable power and power from fossil energy sources and can be used by consumers regardless of whether or not their local utility has access to green power generation.
White Tags are similar to Green Tags except they represent one MWh of electricity savings due to the use of energy conservation methods and equipment. White Tags are determined through precise calculations of energy savings derived from conservation measures, such as the use of more efficient lighting, heating and cooling. GS Carbon's Sterling Planet group is pioneering the U.S. market for White Tags with its state-of-the-art technology with advanced mathematical techniques and neural network algorithms to establish accurate (greater than 99.9%), scalable and cost-effective processes for the measurement, verification and certification of White Tags.
Importantly, Green Tags and White Tags can be used to favorably impact the economics of renewable energy generation and energy conservation projects by monetizing reduced carbon emissions.
Carbon Trading
The Green Tag market is expected to grow from about $250 million to nearly one billion dollars per year by 2010. In addition, the new White Tag market is emerging as a potentially far larger market. Presently, these markets are characterized by fragmented brokerage-driven transactions. The growth and increasing liquidity of these markets is creating valuable opportunities for trade-driven transactions that capitalize more efficiently on changing market conditions.
"GS Energy's carbon trading group was founded to specifically focus on building a trading business that effectively capitalizes on the evolving carbon markets while facilitating decarbonization," said Kevin Kreisler, GS Energy's chairman and chief executive officer. "We intend to provide GS Carbon with the necessary capital, management and other resources necessary to meet this goal in the immediate term in ways that do not interfere with the development of GS Energy's planed power production facilities and ongoing manufacturing services."
GS Energy also announced its plans today to take GS Carbon public in a reverse merger or similar transaction with a compatible public company on or before October 1, 2006.
About GS Energy Corporation
GS Energy Corporation (OTC Bulletin Board: GSEG) is an integrated new energy production company whose mission is to facilitate the more efficient use of traditional sources of energy and the increased production and use of renewable sources of energy. Additional information on GS Energy and its business model is available online at www.gs-energy.com.
würde noch etwas warten,da sie grad nen Abwärtstrend hat, ab 9Cent sehe ich Einstiegskurse.
mfg
Das Unternehmen strukturiert sich neu und wenn man die Verschachtelung der einzelnen Bereiche anschaut, so wundert es nicht, daß viele Anleger eher eine abwartende Haltung haben.
Good night
Nuggi
Aber nur was für wirklich hartgesottene Zocker !!
Na, und wem gehört GS Energy ?
Hier die Originalmeldung von Do 07.09.2006 21:03
The Stockster's New Pick = GSEG
Get ready to watch this one trade! We were not paid one dime for the promotion of this stock. This one is from the heart. This is a company the we seriously beleive in.
"GS Energy is an integrated new energy company that was founded to facilitate the more efficient use of traditional sources of energy and the increased production and use of renewable sources of energy."
Disclaimer (Please Read)
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greetz & schönen Abend
bald kommen Einstiegskurse *freu*
GS CleanTech Releases Shareholder Letter
Tuesday October 3, 11:40 am ET
Company Provides Update on Initiative to Increase Efficiency of Corn-Derived Ethanol Production
NEW YORK--(BUSINESS WIRE)--GS CleanTech Corporation (OTC Bulletin Board: GSCT - News) chairman and chief executive officer, Kevin Kreisler, issued the following letter to GS CleanTech's shareholders today:
Dear Shareholders:
We have accomplished much this year and I wanted to take this opportunity to update you on our progress. Earlier this year we announced our plans to focus on delivering new technologies to the ethanol production industry with a view towards maximizing the output and profitability of conventional corn-derived ethanol production.
Update on Ethanol Efficiency Program
The first of the technologies that we are bringing to ethanol producers to achieve this is our patent-pending Corn Oil Extraction System ("COES"), a proprietary technology that extracts a high grade corn oil from an ethanol production co-product called distillers dried grains ("DDG") that can be converted into biodiesel on about a 1:1 volumetric basis.
While still in the DDG, this corn oil is ordinarily worth about $0.035 per pound, or $0.26 per gallon, in most North American markets. If extracted from the DDG, this corn oil is worth about $0.12 to $0.17 per pound, or about $0.90 to $1.26 per gallon, as a commercial feed or a feedstock for conversion into biodiesel fuel. Based on current market prices, a typical 50 million gallon per year dry mill ethanol production facility using our technology can produce more than 3 million gallons of corn oil with an estimated current value of between $2.7 million to $3.8 million.
To date, our corn oil extraction program has been met with significant interest and we have executed contracts to phase up to about 22 million gallons per year of corn oil extraction from the following existing and planned ethanol facilities between this quarter and 2008:
Adkins Energy, Lena, Illinois (www.adkinsenergy.com) - currently under construction, this system is designed to produce an estimated 1.5 million gallons of corn oil per year and is scheduled for commissioning later this year at an existing ethanol plant.
Utica Energy, Oshkosh, Wisconsin (www.uticaenergy.com) - with the first of two systems currently in construction, this existing ethanol facility will produce about 1.5 million gallons of corn per year later this year when the first system is commissioned, and about 3.3 million gallons of corn oil per year in total when a second COES system is commissioned later next year.
Golden Grain Energy, Mason City, Iowa (www.goldengrainenergy.com) - slated for commissioning during the first quarter 2007, this facility will initially produce about 1.5 million gallons of corn oil per year but will scale up to between 3.0 and 4.5 million gallons per year in 2007 when this existing facility completes a plant expansion.
New Producer in Illinois - this confidential producer's contract calls for the installation of 8 of our extraction systems during 2007 and 2008 designed to extract about 12 million gallons of corn oil per year.
These contracts are based on our provision of turn-key extraction systems for no up-front cost in return for long-term agreements to purchase the extracted corn oil based on a fixed discount to prevailing fuel prices - or for about $0.90 to $1.26 per gallon based on current fuel prices.
These contracts also provide our clients with an option to either take advantage of our 100% financing option or to purchase the equipment that we use to implement our technology, and we pay a lower percentage of prevailing fuel prices for the extracted oil under the financing option and a higher percentage under the purchase option.
Moving forward, and as our corn oil extraction program matures, we intend to bring a succession of additional technologies to ethanol producers that are designed to work in concert with their existing infrastructure.
During this past quarter, we acquired the exclusive right to sell and use two new technologies for use in the ethanol production industry - a very robust modular biodiesel production technology and a biomass gasification technology with gas to liquids and fuel reforming capability. Importantly, both technologies are capable of cost-effective and rapid application at small scales in a 'plug and play' manner at conventional corn-derived ethanol facilities along with our corn oil extraction technology.
The gasification technology, which is owned by a company called ZeroPoint Clean Technology, is a significant advance that we believe has the potential to alter the landscape of how the ethanol industry manages its biomass co-products, including the remaining DDG and corn stover. The output of this gasifier can either be used to generate electricity in a standard gas-fired generator or catalyzed into liquid fuels such as ethanol or synthetic diesel substitutes with the Fischer-Tropsch process.
Our ambition is to use our technologies to dramatically enhance the existing energy balance of corn-derived ethanol production in cost-effective and rapid ways. We believe that we can initially achieve this by converting extracted corn oil into biodiesel and gasifying and converting the remaining DDG and corn stover into ethanol and other biomass-derived gases for heat, power and additional fuel production.
In addition, and on the technology commercialization front, we are in the late-stages of our commercial pilot development of our CO2 Bioreactor, a technology that can potentially convert the exhaust carbon dioxide from the fermentation stage of the ethanol production process into an algae-based biomass and oxygen for additional fuel production via gasification. Once complete, we plan to install our pilot CO2 Bioreactor at an early adopter ethanol production facility for commercial scale testing. If our pilot is successful, our CO2 Bioreactor has the potential to significantly increase the fuel production of host ethanol facilities.
We also hold the rights to a number of other clean technologies that have the ability to convert waste or co-products in other industries into valuable resources. One of these technologies is our DAF Oil Extraction System, a process that enables meat and poultry processors to reduce disposal volumes of a fat-laden waste stream that is commonly disposed through land application. Our technology reduces the volume of this waste by as much as 80% by removing the fat in the waste - this fat is a good feedstock for biodiesel production.
We recently executed a contract with a confidential Arkansas-based poultry processing facility to extract more than 1.5 million gallons per year of poultry fat. This system is currently under construction and is scheduled to commence operations later this year. In much the same way as our corn oil model, our DAF model is based on our purchase and resale of the extracted fat as a biodiesel feedstock.
In all, with just our executed contracts to date, we have the right to buy and sell more than 22 million gallons of biodiesel feedstock on the basis of mostly hedged discounted prices. We believe that this presents us with compelling economics and we will remain focused on the deployment of these contracted systems while we continue to focus on the conversion of the qualified leads in our sales pipeline into additional contracts.
We believe that there is an urgent need to quickly enhance the yield and operating efficiency of standard ethanol production, and we are committed to doing so.
Our existing clients clearly recognize this need as well and have each shown tremendous leadership by raising the bar for ethanol production efficiency. Our team is very proud to provide our clients with the technology to achieve this and we hope to have continued opportunities to do so.
We are grateful for your continued interest and support and we look forward to our next communication.
Best Regards,
Kevin Kreisler
Chairman and Chief Executive Officer
GS CleanTech Corporation
GS CleanTech's Corn Oil Extraction System(TM)
Currently, the majority of the ethanol produced domestically is based on a dry milling technique that converts corn into ethanol. The corn is milled and then mashed with a combination of heat and enzymes that convert the starch in the corn into fermentable sugars. This mash is then cooled and mixed with yeast to create a fermented mash which is then separated into alcohol and stillage. The alcohol is distilled and dehydrated into 200 proof fuel-grade ethanol. The stillage is sent through series of centrifuges and evaporators and then to a rotary dryer to reduce moisture. The output of the drying stage is a co-product called distillers dried grains ("DDG") which is conventionally sold as a livestock feed.
GS CleanTech's patent-pending corn oil extraction technology intercepts the stillage flow in between the evaporation stage in the drying stage. The stillage has a concentrated syrup-like consistency after evaporation. GS CleanTech heats the concentrated stillage and then uses advanced centrifuge technology to spin crude corn oil out of the heated concentrated stillage. The crude corn oil is then routed to storage for use as a raw material for biodiesel production and the now defatted concentrated stillage is returned to the drying stage of the ethanol production process where it is dried into defatted DDG. GS CleanTech's corn oil extraction technology provides ethanol producers with the following benefits:
Increased Revenue - The corn oil extracted is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
Reduced Operating Costs and Emissions - Corn oil removal can improve drying efficiency by more than 10% with reduced natural gas or coal needs and reduced emissions (NOx, SOx, VOC, and CO2);
Low Operating Costs - The system requires less than $0.05 per gallon of corn oil produced;
High Recovery Rates - The technology is capable of recovering up to 75% of the corn oil within the DDG; and,
Increased Inclusion Rates - Corn oil removal can improve defatted DDG marketability and inclusion rates by reducing fat content.
GS CleanTech's pricing model for its corn oil extraction technology is based on GS CleanTech's provision of turn-key extraction systems for no up-front cost in return for long-term agreements to purchase the extracted corn oil based on a fixed discount to prevailing fuel prices. Alternatively, GS CleanTech's clients have the option of purchasing their installation of the corn oil extraction technology provided that GS CleanTech retains the right to purchase the extracted corn oil based on a fixed discount to prevailing fuel prices for the life of the use of the technology.
About GS CleanTech Corporation
GS CleanTech Corporation (OTC Bulletin Board: GSCT - News) provides applied engineering and technology transfer services based on clean technologies and process innovations that make it cost-effective and easy to recycle and reuse resources.
Additional information on GS CleanTech's Corn Oil Extraction System and GS CleanTech's ethanol efficiency program is available online at www.gs-cleantech.com.
GS CleanTech is about 80% owned by GreenShift Corporation (OTC Bulletin Board: GSHF - News), a company devoted to facilitating the efficient use of natural resources.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GS CleanTech Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
GS CleanTech Corporation
212-994-5374
Fax: 646-572-6336
investorrelations@gs-cleantech.com
www.gs-cleantech.com
or
Investor Relations:
CEOcast, Inc.
Andrew Hellman, 212-732-4300
or
Public Relations:
Walek & Associates
Deborah McCandless, 212-590-0523
Fax: 212-889-7174
dmccandless@walek.com
www.walek.com
Optionen
| Boardmail an "Matzelbub" |
Wertpapier: GREENSHIFT CORP |
also....wer kann mir erklären,warum wir auf einmal 146 statt 160 millionen shares im umlauf haben?ca alle 30 tage ändert sich die geschichte.von 110 auf 130 auf 146 auf 160 und dann wieder auf 146 mill.!
Optionen
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GS AgriFuels Executes Agreement to Acquire NextGen Fuel
NEW YORK--(BUSINESS WIRE)--
GS AgriFuels Corporation (OTC Bulletin Board: GSGF) today announced its execution of an agreement to acquire NextGen Fuel, Inc., a producer of modular continuous-flow, multi-feedstock biodiesel process equipment based on NextGen's patent-pending process intensification technology.
Under the terms of the acquisition agreement, GS AgriFuels will acquire 100% of the stock of NextGen in return for about $20,000,000 in cash, about $2,000,000 of which is to be paid in line with increases in NextGen's sales. The closing of the acquisition is subject to GS AgriFuels' completion of financing and the agreement is terminable if the acquisition does not close on or before November 15, 2006.
Process Intensification Technology
NextGen's biodiesel process technology leverages innovative process intensification techniques to accelerate and enhance traditional biodiesel reaction kinetics, thus decreasing process time, reducing energy and raw material needs, and increasing product quality. These benefits translate to increased capital and operating cost efficiencies at smaller scales as compared to traditional biodiesel process technologies.
Biodiesel capital and operating costs can be reduced by as much as 50% over traditional approaches with the NextGen technology, and NextGen's systems can be deployed to a plant in as quickly as 12 weeks. NextGen currently offers turn-key biodiesel production plants rated for 5 million gallons per year and 10 million gallons per year, but the modular and continuous-flow aspects of the technology make scaling plants up or down easy and cost-effective.
"Our view is that, among other challenges, the domestic biodiesel sector faces high concentrations of risk in the soy and other refined vegetable oil markets," said Kevin Kreisler, GS AgriFuels' chairman and chief executive officer. "For biodiesel entrepreneurs and their financing sources, this risk increases significantly with the size of their intended biodiesel production facility. Smaller plants simply have smaller risk profiles and are inherently easier for entrepreneurs to finance and operate - particularly when the capital and operating cost-efficiencies of the NextGen plants are taken into account. We believe that there is a robust and mostly untapped domestic market for development of small-scale biodiesel production facilities."
To date, NextGen has sold and delivered one 5 million gallon plant, executed contracts to sell another two 10 million gallon plants, and has a large number of qualified prospects in their sales pipeline.
Tom Scozzafava, GS AgriFuels' president and chief operational officer, added that: "We see a tremendous market opportunity here for small-scale biodiesel plants with the NextGen technology. The continuous-flow capabilities of the technology translate to lower construction costs because less equipment and raw materials are needed versus batch plants, and the modular design allows NextGen plants to be cost-competitive with the construction costs of larger plants since additional 5 or 10 million gallon per year production modules can be simply added on. The NextGen team, including Dr. Phil Leveson, John Gaus and Jeff DeWeese, have done an excellent job in developing and promoting this important technology, and we intend to work with them moving forward as we continue to bring NextGen plants to market and use them ourselves in our own planned production facilities."
GS AgriFuels is currently developing several sites for the construction of its planned production facilities. Its planned Memphis facility is designed to have an initial nameplate capacity of 10 million gallons of biodiesel and will include a NextGen system. GS AgriFuels' expects to scale this facility with a series of modular NextGen systems to in excess of 45 million gallons per year given that facility's location in a major distribution hub.
John Gaus, the chief executive officer of NextGen, said that: "The NextGen process technology can play a leading role in the rapidly growing biodiesel production industry. We think that GS AgriFuels has a great business model and a solid team and we look forward to working with them to build upon the success of this technology."
NextGen is a part of the Golden Technology Management portfolio. Additional information on NextGen is currently available online at www.nextgenfuel.com.
About Golden Technology
Golden Technology Management invests in the formation and active management of clean technology companies. Additional information on Golden Technology Management is available online at www.goldentechpartners.com.
About GS AgriFuels Corporation
GS AgriFuels Corporation (OTC Bulletin Board: GSGF) was founded to produce and sell clean fuels from agriproducts in innovative new ways that allow producers of agriproducts, their local communities and consumers to save money, reduce pollution and contribute to energy independence.
GS AgriFuels intends to build a number of clean fuel production facilities in America under its Mean Green brand. GS AgriFuels' chief ambition is to get cleaner, greener burning fuels grown in the U.S.A. in as many engines as possible, as quickly as possible.
GS AgriFuels is about 90% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a company devoted to facilitating the efficient use of natural resources.