greenshift auf dem oeltripp
GreenShift's Mean Green BioFuels Company Releases Shareholder Letter
Monday January 9, 9:23 am ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Jan. 9, 2006--GreenShift Corporation (OTC Bulletin Board: GSHF - News) today released to its shareholders the following correspondence from David Cantrell, the president and chief executive officer of Mean Green BioFuels Corporation ("Mean Green").
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Dear Shareholders:
Since our formation in the third quarter 2005, we have made some significant strides: we acquired our initial portfolio of biofuels technologies, we brought on critical senior operational, engineering and business development talent, and, as announced last month, we initiated our plans to construct two of our planned five 30 million gallon per year biodiesel production facilities in western Tennessee.
Our focus as we turn to 2006 will be to continue to lay the foundation for our biodiesel production facilities, but also, and importantly, to bring our various innovations to market on an accelerated basis and in ways that build cash flows while we continue to execute on our production development plans.
We have developed a number of exciting innovations and our current offerings are based on process technologies that increase the profitability of the Corn-to-Fuel business model by a factor of 1.8 times the industry average of 15% of revenue to better than 27% of revenue. Mean Green's business model allocates this increase equitably to participating Ethanol Producers and Biodiesel Producers.
Ethanol Producers: One Kernel -- Two Fuels
Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG").
DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. Our technologies present another option - cost effective conversion into Biodiesel (Fuel #2).
Mean Green's proprietary and patent-pending technologies are the basis of cost effective methods to recover up to 75% of the corn oil latent in DDG, first from concentrated thin stillage and then from wet cake. Pictures and video of part of Mean Green's proprietary technology is available online on our website at www.meangreenbiofuels.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage. Mean Green's Corn Oil Extraction System(TM) offers the following compelling benefits:
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;
Increased Revenue - the corn oil extracted with Mean Green's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
Reduces Current Operating Costs and Emissions - Mean Green's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and,
Low Capital Cost - Mean Green's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods.
Installed for No Up Front Cost - Increase in Profitability
Mean Green will install its Corn Oil Extraction System(TM) into client ethanol facilities on a turn-key basis for no up front cost. Mean Green will customize the design of its Corn Oil Extraction System(TM) to meet the desired corn oil recovery objectives of participating facilities. Mean Green will train plant operators in its use, and then purchase the extracted corn oil from participating facilities at a premium. The combined impact of the new sales and efficiency improvements to a participating ethanol facility is expected to be upwards of a 25% increase in profitability with no additional expense.
Mean Green believes that this increase has clear implications for existing producers, and it can help to drive the increased development of additional ethanol production in America. Increased profitability of this magnitude can be expected to favorably impact the economic analyses of start-up ethanol facilities and enable increased access to investment capital.
Investment in Ethanol Production
Mean Green's parent company, GreenShift Corporation, is an investment company whose mission is to develop and support companies and technologies that facilitate the more efficient use of natural resources. With assistance as necessary from GreenShift, and at the option of participating facilities, Mean Green plans to make equity and other investments in ethanol producers and other companies that use Mean Green's innovative technologies.
Fuel #2 - Biodiesel Production
Mean Green intends to build five biodiesel production facilities over the next 2 years. The feedstock for these facilities will include: corn oil derived from ethanol facilities, soybean oil, and animal fats. Mean Green is designing each biodiesel conversion facility to operate at 30 million gallons per year and to be expandable to accommodate growth. Each Mean Green biodiesel facility will utilize traditional esterification and transesterification methods as well as other Mean Green proprietary processes. On a limited basis, Mean Green plans to allow qualified biofuels companies to participate as minority shareholders in each of its facilities.
Ongoing Innovation
Mean Green has developed and is developing additional technologies that Mean Green believes will continue to drive additional innovation in biofuels. Mean Green plans to announce a series of additional technologies in 2006 that are expected to catalyze another boost in industry profitability that, when combined with Mean Green's Corn Oil Extraction System(TM) and related technologies, increase the profitability of the Corn-to-Fuel business model by a factor of 2.4 times the industry average of 15% of revenue to better than 36% of revenue.
Get Mean. Be Green.
To Mean Green, being green is not about hugging trees ... it's about getting into the trenches, getting dirty, resolving environmental challenges, and making money. The "Green" in Mean Green represents both profit and the environment. It's always profit first and never one without the other.
This biofuels industry is in its infancy and Mean Green believes that substantial and compelling opportunities exist for innovation and improved profitability. Mean Green's hopes to continue to favorably enhance industry profitability and is eager to aid in the advancement of the biofuels industry. Our ambition is to use our technologies to help re-energize American agriculture by reducing costs and increasing profits for industry participants while increasing America's energy independence and helping to reduce greenhouse gas emissions.
We are pleased with Mean Green's progress and we are looking forward to executing what is to me a very exciting business model. We are grateful for your support and involvement. I look forward to our next communication.
Best Regards,
David Cantrell
President and Chief Executive Officer
Mean Green BioFuels Corporation
About Mean Green BioFuels Corporation
Mean Green intends to finance, build and operate five 20 to 60 million gallon per year biodiesel production facilities in the eastern U.S., where it will utilize its many patent-pending and proprietary oil recovery technologies to reduce America's dependence on foreign oil by producing high quality biodiesel fuels.
Recently cited by President Bush as "one of our nation's most promising alternative fuel sources," biodiesel is a clean burning alternative fuel that contains no petroleum. It can be blended at any level with petroleum diesel to create a biodiesel blend, it can be used in diesel engines with little or no modifications, and it is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics.
Over 37 billion gallons of petroleum diesel are used for domestic transportation each year in the U.S. The total demand for diesel fuel approaches 50 billion gallons per year when construction, farming and other off-road uses are considered. The current production of biodiesel in the U.S. is less than 100 million gallons per year leaving a considerable demand for the renewable fuel.
The Mean Green model is based on the production of biodiesel out of the following sources:
soy bean oil;
animal fats procured from rendering operations;
corn oil extracted from ethanol facilities using Mean Green's breakthrough corn oil extraction technology; and
animal fats derived from dissolved air flotation wastewater sludges using the proprietary technologies of Mean Green's sister company, GreenShift Industrial Design Corporation.
Additional information on Mean Green and its breakthrough biofuels technologies is available online at www.meangreenbiofuels.com.
Interested parties that wish to put Mean Green's technologies into action today or who are seeking investment in their biofuels company should contact Mean Green at 888-870-9193 or getmean@meangreenbiofuels.com.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GSHF - News) is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding. GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. Additional information regarding GreenShift Corporation is available online at www.greenshift.com.
Safe Harbor Statement
This press release contains statements, which 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 GreenShift 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:
GreenShift Corporation
Jim Grainer, 973-398-8183
Fax: 973-398-8037
investorrelations@greenshift.com
www.greenshift.com
or
CEOcast, Inc. for GreenShift Corporation
Ed Lewis, 212-732-4300
--------------------------------------------------
Source: GreenShift Corporation
GreenShift's Mean Green BioFuels Company Releases Shareholder Letter
Monday January 9, 9:23 am ET
MOUNT ARLINGTON, N.J.--(BUSINESS WIRE)--Jan. 9, 2006--GreenShift Corporation (OTC Bulletin Board: GSHF - News) today released to its shareholders the following correspondence from David Cantrell, the president and chief executive officer of Mean Green BioFuels Corporation ("Mean Green").
ADVERTISEMENT
Dear Shareholders:
Since our formation in the third quarter 2005, we have made some significant strides: we acquired our initial portfolio of biofuels technologies, we brought on critical senior operational, engineering and business development talent, and, as announced last month, we initiated our plans to construct two of our planned five 30 million gallon per year biodiesel production facilities in western Tennessee.
Our focus as we turn to 2006 will be to continue to lay the foundation for our biodiesel production facilities, but also, and importantly, to bring our various innovations to market on an accelerated basis and in ways that build cash flows while we continue to execute on our production development plans.
We have developed a number of exciting innovations and our current offerings are based on process technologies that increase the profitability of the Corn-to-Fuel business model by a factor of 1.8 times the industry average of 15% of revenue to better than 27% of revenue. Mean Green's business model allocates this increase equitably to participating Ethanol Producers and Biodiesel Producers.
Ethanol Producers: One Kernel -- Two Fuels
Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol (Fuel #1). The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG").
DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. Our technologies present another option - cost effective conversion into Biodiesel (Fuel #2).
Mean Green's proprietary and patent-pending technologies are the basis of cost effective methods to recover up to 75% of the corn oil latent in DDG, first from concentrated thin stillage and then from wet cake. Pictures and video of part of Mean Green's proprietary technology is available online on our website at www.meangreenbiofuels.com - this system is in use today and efficiently recovers corn oil from concentrated thin stillage. Mean Green's Corn Oil Extraction System(TM) offers the following compelling benefits:
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;
Increased Revenue - the corn oil extracted with Mean Green's technology is readily amenable to refining into biodiesel fuel which creates a new revenue stream for participating ethanol facilities;
Reduces Current Operating Costs and Emissions - Mean Green's technology improves the drying efficiency of the DDG which in turn reduces overall plant operating costs and emissions; and,
Low Capital Cost - Mean Green's oil extraction methods have a capital cost of less than 15% of traditional corn oil extraction methods.
Installed for No Up Front Cost - Increase in Profitability
Mean Green will install its Corn Oil Extraction System(TM) into client ethanol facilities on a turn-key basis for no up front cost. Mean Green will customize the design of its Corn Oil Extraction System(TM) to meet the desired corn oil recovery objectives of participating facilities. Mean Green will train plant operators in its use, and then purchase the extracted corn oil from participating facilities at a premium. The combined impact of the new sales and efficiency improvements to a participating ethanol facility is expected to be upwards of a 25% increase in profitability with no additional expense.
Mean Green believes that this increase has clear implications for existing producers, and it can help to drive the increased development of additional ethanol production in America. Increased profitability of this magnitude can be expected to favorably impact the economic analyses of start-up ethanol facilities and enable increased access to investment capital.
Investment in Ethanol Production
Mean Green's parent company, GreenShift Corporation, is an investment company whose mission is to develop and support companies and technologies that facilitate the more efficient use of natural resources. With assistance as necessary from GreenShift, and at the option of participating facilities, Mean Green plans to make equity and other investments in ethanol producers and other companies that use Mean Green's innovative technologies.
Fuel #2 - Biodiesel Production
Mean Green intends to build five biodiesel production facilities over the next 2 years. The feedstock for these facilities will include: corn oil derived from ethanol facilities, soybean oil, and animal fats. Mean Green is designing each biodiesel conversion facility to operate at 30 million gallons per year and to be expandable to accommodate growth. Each Mean Green biodiesel facility will utilize traditional esterification and transesterification methods as well as other Mean Green proprietary processes. On a limited basis, Mean Green plans to allow qualified biofuels companies to participate as minority shareholders in each of its facilities.
Ongoing Innovation
Mean Green has developed and is developing additional technologies that Mean Green believes will continue to drive additional innovation in biofuels. Mean Green plans to announce a series of additional technologies in 2006 that are expected to catalyze another boost in industry profitability that, when combined with Mean Green's Corn Oil Extraction System(TM) and related technologies, increase the profitability of the Corn-to-Fuel business model by a factor of 2.4 times the industry average of 15% of revenue to better than 36% of revenue.
Get Mean. Be Green.
To Mean Green, being green is not about hugging trees ... it's about getting into the trenches, getting dirty, resolving environmental challenges, and making money. The "Green" in Mean Green represents both profit and the environment. It's always profit first and never one without the other.
This biofuels industry is in its infancy and Mean Green believes that substantial and compelling opportunities exist for innovation and improved profitability. Mean Green's hopes to continue to favorably enhance industry profitability and is eager to aid in the advancement of the biofuels industry. Our ambition is to use our technologies to help re-energize American agriculture by reducing costs and increasing profits for industry participants while increasing America's energy independence and helping to reduce greenhouse gas emissions.
We are pleased with Mean Green's progress and we are looking forward to executing what is to me a very exciting business model. We are grateful for your support and involvement. I look forward to our next communication.
Best Regards,
David Cantrell
President and Chief Executive Officer
Mean Green BioFuels Corporation
About Mean Green BioFuels Corporation
Mean Green intends to finance, build and operate five 20 to 60 million gallon per year biodiesel production facilities in the eastern U.S., where it will utilize its many patent-pending and proprietary oil recovery technologies to reduce America's dependence on foreign oil by producing high quality biodiesel fuels.
Recently cited by President Bush as "one of our nation's most promising alternative fuel sources," biodiesel is a clean burning alternative fuel that contains no petroleum. It can be blended at any level with petroleum diesel to create a biodiesel blend, it can be used in diesel engines with little or no modifications, and it is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics.
Over 37 billion gallons of petroleum diesel are used for domestic transportation each year in the U.S. The total demand for diesel fuel approaches 50 billion gallons per year when construction, farming and other off-road uses are considered. The current production of biodiesel in the U.S. is less than 100 million gallons per year leaving a considerable demand for the renewable fuel.
The Mean Green model is based on the production of biodiesel out of the following sources:
soy bean oil;
animal fats procured from rendering operations;
corn oil extracted from ethanol facilities using Mean Green's breakthrough corn oil extraction technology; and
animal fats derived from dissolved air flotation wastewater sludges using the proprietary technologies of Mean Green's sister company, GreenShift Industrial Design Corporation.
Additional information on Mean Green and its breakthrough biofuels technologies is available online at www.meangreenbiofuels.com.
Interested parties that wish to put Mean Green's technologies into action today or who are seeking investment in their biofuels company should contact Mean Green at 888-870-9193 or getmean@meangreenbiofuels.com.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GSHF - News) is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding. GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. Additional information regarding GreenShift Corporation is available online at www.greenshift.com.
Safe Harbor Statement
This press release contains statements, which 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 GreenShift 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:
GreenShift Corporation
Jim Grainer, 973-398-8183
Fax: 973-398-8037
investorrelations@greenshift.com
www.greenshift.com
or
CEOcast, Inc. for GreenShift Corporation
Ed Lewis, 212-732-4300
--------------------------------------------------
Source: GreenShift Corporation
