Veridium signs agreement with Mean Green BioFuels

By | April 01, 2006
In early February, biodiesel plant developer Mean Green BioFuels Corp. announced a joint venture agreement granting Veridium Corp., a New Jersey-based industrial waste recycling company, exclusive worldwide rights to Mean Green's patent-pending corn-oil extraction system. The technology, which extracts corn oil from ethanol coproducts, will be provided by Veridium to ethanol producers as a turnkey oil extraction system.

Mean Green BioFuels also announced plans in late 2005 to build a 30 MMgy biodiesel plant in northeast Indiana. The company plans to build up to five large-scale biodiesel plants in the eastern United States.
 
 
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