More from Mean Green: One Kernel, Two Fuels
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Posted by Cindy Zimmerman – February 1st, 2006
Through a joint venture announced today, Veridium Corporation of New Jersey was granted the exclusive worldwide rights to Mean Green’s patent-pending Corn Oil Extraction System(TM). Both companies are owned in part by GreenShift, with Veridium having a primary focus on waste management services. According to a GreenShift release, the proprietary new technology extracts high grade corn oil from ethanol by-products. Veridium intends to provide ethanol producers with turn-key Corn Oil Extraction Systems(TM) for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing market prices. Pictures and video of the new Veridium technology are available online at www.meangreenbiofuels.com.
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farmer567
Very interesting technology.
Erick
DomesticFuel » Veridium/Mean Green Deal to Make Biodiesel from Corn Oil
[...] The marriage of Veridium Corporation and Mean Green Biofuels announced earlier this month (see previous post) is now resulting in the former selling corn oil to the latter to make into biodiesel. Quite frankly, not being a big business reporter, it’s all complicated corporate manuevering to me – but here’s the link to today’s press release that explains it for those who understand that kind of stuff. Near as I can figure it, parent company GreenShift arranged the marriage of these two baby companies to trade off the technology and by-products of the ethanol and biodiesel business. Okay, so that’s the simplified version – for simple people like me. It is complicated, but I know the bottom line is there is some really cool stuff going on with these companies that is going to result in more ethanol/biodiesel joint ventures in the future. [...]
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