Greenshift Corporation (GERS)

[jobynimble]

Interesting news out, could GERS also be trying this?


http://www.claridenleu.com/research/index.cfm?fuseaction=research.reutnews&detailType=newsDetail&nid=1245880754nN24510810&lang=en&cfid=350910&cftoken=23607227


Biodiesel plant to get $25 Mln USDA loan guarantee
24.06.09 23:59
WASHINGTON, June 24 (Reuters) - The Agriculture Department said on Wednesday it has approved a $25 million loan guarantee so Soymor Biodiesel can expand its production of advanced biofuels.

The money will allow Soymor, of Albert Lea, Minnesota, to purchase equipment to convert multiple feedstocks into biodiesel. At present, it can process only soybean oil.

Alternative feedstocks would include an unrefined corn oil waste product from nearby ethanol distilleries.

It would be the second award under a loan guarantee program created in the 2008 farm law to develop new feedstocks for biofuels.

The first award, of $80 million, went to Range Fuels, based in Broomfield, Colorado, to help build a plant that converts wood chips into ethanol. That guarantee was approved on Jan 16, just before the Bush administration left office.

(Reporting by Charles Abbott; Editing by David Gregorio)

(([e-mail]; [phone])) Keywords: ENERGY USA/BIODIESEL