GS CleanTech executes letters of intent for technology

By | June 21, 2007
In early May, GS CleanTech Corp., a subsidiary of GreenShift Corp., announced that letters of intent had been executed between itself and four separate ethanol plants. If the documents become legally binding, which is expected by the end of June, GS CleanTech would be required to design, construct and operate integrated corn-oil extraction and biodiesel production technologies at each of the plants. A system that extracts corn oil from distillers wet grains is one of the company's proven technologies. The company's biodiesel production system was acquired by sister company GS AgriFuels Corp. When integrated, the two technologies can get 7 percent more fuel out of an equal amount of corn, said David Winsness, CEO of GS CleanTech.
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