Greenshift Corporation (GERS)

[gripzool]

Nice find Slash!


BIOF, Cargill, Corn Oil Q311

It's very exciting knowing we're in business with Cargill/BIOF.


"Cargill, Incorporated, with whom we have an extensive commercial relationship, has a strong local presence and owns adjacent grain storage and handling facilities."

"Cargill is the exclusive supplier of corn to the Wood River and Fairmont plants for twenty years commencing September 2008."

"Cargill has agreed to purchase all ethanol produced at the Wood River and Fairmont plants through September 2016."

"During 2011, the Company has been exploring the possibility of producing corn oil as an additional co-product at each of its two facilities. This would require the installation of corn oil extraction systems at each ethanol plant. On October 28, 2011, the Company’s Operating Subsidiaries received funding under an operating lease each Operating Subsidiary entered into with Farnam Street Financial, Inc. These operating leases will provide the funding to pay for most of the costs of installing the corn oil extraction systems that each Operating Subsidiary is in the process of installing in its respective plant. The Company expects to begin generating revenues from corn oil sales beginning no later than the first quarter of 2012."



http://www.sec.gov/Archives/edgar/data/1373670/000114420411063717/v239213_10q.htm