Quelle: wwww.otcbb.com
Symbol: GSEG
January 24, 2007 - 7:33 AM EST
GS AgriFuels' NextGen Fuel Division Showcases Proprietary 10 Million Gallon Per Year Biodiesel Production System
GS AgriFuels Corporation (OTC Bulletin Board: GSGF) today announced that its NextGen Fuel division has completed the construction of its first 10 million gallon per year biodiesel production system. The system is scheduled for delivery to one of NextGen Fuel's clients later this quarter, but is now available for qualified customer viewings at NextGen Fuel's contract manufacturer, Warnecke Design Service, Inc., in Van Wert, Ohio.
NextGen's biodiesel process technology leverages innovative process intensification techniques to accelerate and enhance traditional biodiesel reaction kinetics, thus decreasing process time, reducing energy and raw material needs, and increasing product quality. These benefits translate to increased capital and operating cost efficiencies at smaller scales as compared to traditional biodiesel process technologies, and the modular and continuous-flow aspects of the technology make scaling plants up or down easy and cost-effective.
"We believe that there is a robust and mostly untapped domestic and international market for development of small-scale biodiesel production facilities," said Tom Scozzafava, GS AgriFuels' president and chief executive officer. "We currently have six NextGen systems built or contracted, representing 50 million gallons per year of production capacity, and we intend to continue selling additional systems into this market."
An important benefit of the NextGen technology is that it enables the reduction of construction costs and lead times. NextGen can have production equipment for a site operational in as little as 12 weeks from an order, and a complete turn-key site based on the NextGen technology can be developed and brought online in under six months (as compared to 18-24 months for competing larger scale technologies).
NextGen's standard systems are rated for nameplate capacities of 5 and 10 million gallons of biodiesel per year. Since the NextGen technology is modular, adding capacity to a developed site is as simple as building an additional production line and plugging it into the prior line(s).
Scozzafava added: "The NextGen technology is also a key aspect of our own production plans, which are based on the use of proprietary technology to establish a feedstock procurement advantage."
GS AgriFuels' affiliated process engineering company, GS CleanTech Corporation (OTC Bulletin Board: GSCT), uses proprietary but proven technology to acquire, extract, process and refine low-cost and hedged biomass feedstocks that other producers cannot readily access. GS AgriFuels has the exclusive right to produce renewable fuels from these feedstocks.
GS AgriFuels has announced its plans to build biodiesel production facilities in Fulton, New York, and Memphis, Tennessee. In addition, GS AgriFuels intends to construct several biodiesel facilities located at or proximate to corn ethanol production facilities, where they will convert corn oil extracted by GS CleanTech from a corn ethanol co-product known as distillers dried grains into biodiesel fuel. All of GS AgriFuels' biodiesel plants will use the NextGen Fuel technology.
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