Calgren Licenses GreenShift’s Corn Oil Extraction Processes

GreenShift Corporation today announced the execution of a license agreement with Calgren Renewable Fuels providing for the use of GreenShift’s patented corn oil extraction technologies in Calgren’s 57 million gallon per year ethanol plant in Pixley, California.

GreenShift and Calgren also agreed that GreenShift would provide engineering and construction services for the replacement of Calgren’s existing Tricanter-based corn oil extraction equipment with an Alfa Laval disc stack centrifuge in order to increase yields, reliability and uptime.

In addition, Calgren has agreed to install GreenShift’s first Method II Corn Oil Extraction System to extract corn oil from Calgren’s whole stillage. With Method I (thin stillage extraction) and Method II (whole stillage extraction), Calgren will have taken the first step to achieving corn oil yields that could be as high as 1.33 pounds per bushel and having at least one advanced technology as described in the final rule for the expanded Renewable Fuel Standard (RFS2) published by the U.S. Environmental Protection Agency on December 21, 2010.

Lyle Schlyer, CEO of Calgren stated that “working with GreenShift fits into our business model of increasing efficiency and mitigating risk. We expect our corn oil yields will significantly increase with GreenShift’s technical support, and we expect to get a premium for our product with GreenShift’s marketing arm.”