Since GreenShift Invented and Patented Backend Corn Oil Extraction from Stillage and nobody was able to do it with economic success before them they legally have the entire Corn Oil market cornered.
Valero and Poet are extracting from stillage backend so must license or become an infringer.
"Several of the nation's largest ethanol companies, including Green Plains Renewable Energy (GPRE) and Valero Energy Corp. (VLO), have invested in equipment to produce the oil. Extracted during the production of ethanol, corn oil is mainly used to make animal feed and biodiesel, but also can be produced for cooking.
Other large companies, including Iowa-based Poet, the world's largest ethanol producer, and Valero are adding similar equipment to their existing plants. The investments are a natural progression for the industry, said Jeff Lautt, Poet's president, whose company is in the midst of an effort to diversify revenue.
Although increased corn oil production provides added competition for soybean oil makers, it isn't likely to saturate the market, industry officials said. Even if all producers adopted the technology this year, total output would be under 270 million gallons, said Becker of Green Plains.
Corn oil is a byproduct of the ethanol production, a fermentation process in which the starch is separated from the kernel and turned into sugar. The technology employed by most ethanol plants extracts corn oil in fermentation process."
I think you can actually look to the entire possible market for Corn Oil, like Becker said and if the Corn Ethanol production caps out by RFS mandate at 15 bgpy in 2015, that if that entire 15 billion gallons licensed and used corn oil extraction, they would all need to license with GreenShift.
I think the RFS mandate requirement for Biodiesel is 1 bgpy by 2012 and capping out after that.
So even if all were to produce corn oil with the COES the total yield would still not be enough to fill the 1 bgpy Biodiesel requirement of the RFS in 2012. But that does ensure the demand is there.
And to produce the corn oil from backend extraction of stillage they must license with GreenShift because that method is patented and that method is the only one that enconomically works, so the industry must first respect and pay the toll to the piper, the inventor and patent holders GreenShift.
Then they can legally go ahead and produce all they want.
AI
