NEW YORK--(BUSINESS WIRE)--GreenShift Corporation (OTC BB: GERS - News) today announced that it has received Notices of Allowance from the U.S. Patent and Trademark Office for its proprietary corn oil extraction technologies.

One Kernel: Two Fuels

GreenShift’s corn oil extraction technologies make possible the production of advanced biofuel from inedible corn oil, a previously untapped biodiesel feedstock entrained in the distillers grain co-product of corn ethanol production.

"GreenShift has invested heavily in the development and commercialization of its corn oil extraction technologies,” said Kevin Kreisler, GreenShift’s chief executive officer. “This investment has culminated in the development of a vital new technology with important and timely consequences for the existing U.S. renewable fuel industry.”

Enhanced Biofuel Sustainability

GreenShift’s corn oil extraction technologies are widely considered to be the quickest path for margin improvement for corn ethanol producers today. GreenShift has proven that it can extract upwards of 6.5 gallons of previously unrecovered inedible crude corn oil from the distillers grain co-product of corn ethanol production for every 100 gallons of ethanol produced. This corresponds to a 7% increase in the gallons of biofuel produced per bushel of corn from 2.8 to 3.0 gallons per bushel for first generation corn ethanol facilities. GreenShift’s extraction technologies accomplish this in a way that also decreases the fossil fuel consumption of the host ethanol facility by up to 10% while increasing the nutritional value of the distillers grain co-product as a commercial animal feed. All of this increases the energy balance and cash flows derived from the use of corn to produce ethanol, and presses the evolution of corn ethanol forward into enhanced sustainability.

GreenShift’s proven extraction rate also translates to 680 million gallons per year (“MMGY”) of inedible feedstock for conversion into advanced biofuel with the U.S. corn ethanol complex producing 10.5 billion gallons per year. Incredibly, this amount of corn oil could fill the entire operational U.S. biodiesel fleet with a sustainable new inedible feedstock. GreenShift holds a 6% share of this market opportunity today and is currently under contract to install more than 40 MMGY of shovel-ready corn oil extraction facilities at ethanol facilities throughout the U.S.

At current market prices, 680 MMGY of crude corn oil would contribute about $1.6 billion dollars per year to the GDP while stimulating more than $850 million per year in newfound EBITDA into both of the U.S. ethanol and biodiesel industries.

David Winsness, GreenShift’s chief technology officer and co-inventor of GreenShift’s extraction technologies, added that: “There are no other technologies that have been developed, commercialized and integrated into the corn ethanol industry today that have produced anything approaching the yield improvement and energy savings demonstrated by our extraction technologies. We are thrilled to have the first two of our many novel patent applications allowed and we are looking forward with great anticipation to contributing to the sustainability of our ethanol clients and the renewable fuels industry in a material way.”

GreenShift’s corn oil extraction offering is structured to provide 100% of the capital needed to build and integrate turn-key, skid-mounted facilities based on its extraction technologies into corn ethanol facilities in return for the long-term (10 years or more) right to purchase the extracted oil for a fair price that is indexed to diesel fuel prices. In GreenShift offers to pay participating ethanol producers for the extracted oil, which is then shipped for refining into biodiesel and then sold at rates that are also indexed to diesel fuel prices. This makes GreenShift’s business model more comparable to traditional oil and gas models than it is to other biofuel models since GreenShift owns its feedstock ‘wellheads’ (the extraction facilities) and has hedged its refining margins.

GreenShift’s technical services staff is available at 888-ETHANOIL or sales@greenshift.com to respond to quotation requests and to answer any questions about GreenShift’s corn oil extraction and other technologies.

About GreenShift Corporation

GreenShift Corporation (OTC Bulletin Board: GERS - News) develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process. Additional information is available online at www.greenshift.com.

Safe Harbor Statement

This press release contains statements that 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 its 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
Phone: 212-994-5374
Fax: 646-572-6336
Email: investorrelations@greenshift.com
Web: www.greenshift.com
or
CEOcast, Inc.
Gary Nash, 212-732-4300