GERS Patented Technology In SXL's Refinery
Here's a fact, SXL is licensed with Greenshift, GERS, and paying a royalty on every gallon of oil extracted with Greenshift's technology. GERS is a profitable penny stock with several big oil customers including SXL and Marathon, MPC. Others licensed with GERS are ANDE, GPRE, BIOF, and many more.
GERS has over 2.5 BILLION gallons of production under their patent license. http://www.greenshift.com/photos/phpslideshow.php?directory=sunoco&mode=1
Slide show of GERS technology in SXL's refinery. http://www.greenshift.com/news.php?id=279
GreenShift Licenses Its Patented Corn Oil Extraction Process to Sunoco
Technology Produces Feedstock for Biodiesel, Second Renewable Fuel from Sunoco’s Green E15 Manufacturing Facility in Fulton, New York
On Friday June 24, 2011, 1:42 pm EDT
NEW YORK--(BUSINESS WIRE)-- GreenShift Corporation (OTCQB: GERS) announced today that it has licensed its patented technology to Sunoco for extraction of corn oil from a co-product of Sunoco’s corn ethanol manufacturing facility in Fulton, New York. The recovered corn oil is a valuable raw material for use in the manufacturing of biodiesel and other carbon-neutral products.
Designated an ‘advanced technology’ by the U.S. Environmental Protection Agency, GreenShift’s patented corn oil extraction is proven to improve the profitability, energy efficiency and carbon footprint of ethanol plants. GreenShift’s extraction process gives Sunoco the exciting ability to contribute to the production of a second renewable fuel (biodiesel) from every kernel of corn that is refined into ethanol. One kernel of corn can now produce two renewable fuels using GreenShift’s proprietary process.
Sunoco additionally awarded GreenShift the construction project to design and install the equipment.
“We selected GreenShift to be our technology provider after extensive review,” added Gary Center, Fulton ethanol facility manager at Sunoco. “The ability to extract corn oil to sell to third parties will provide a positive economic impact at the plant.”
“GreenShift is very pleased to be working with Sunoco; throughout the entire process Sunoco demanded the very best, and we are pleased that we were able to deliver,” added Edward Carroll, GreenShift’s President.
About Sunoco, Inc.
Sunoco is a leading transportation fuel provider with operations located primarily in the East Coast and Midwest regions of the United States. The company sells transportation fuels through more than 4,900 branded retail locations in 23 states. APlus convenience stores are operated by the company or independent dealers in more than 600 retail locations. The retail network in the Northeast is principally supplied by Sunoco-owned refineries with a combined crude oil processing capacity of 505,000 barrels per day. Sunoco is also the General Partner and has a 31-percent interest in Sunoco Logistics Partners, L.P., a publicly traded master limited partnership which owns and operates 7,600 miles of refined product and crude oil pipelines and approximately 40 active product terminals. Through SunCoke Energy, Sunoco makes high-quality metallurgical-grade coke for major steel manufacturers. The company's facilities in the U.S. have the capacity to manufacture approximately 3.7 million tons of metallurgical-grade coke annually. Sunoco also is the operator of, and has an equity interest in, a 1.7 million tons-per-year coke-making facility in Vitória, Brazil.
About GreenShift Corporation
GreenShift Corporation (OTCQB: GERS) develops and commercializes clean technologies that facilitate the more efficient use of natural resources. GreenShift is focused on doing so today in the U.S. ethanol industry, where GreenShift innovates and offers technologies that improve the profitability of licensed ethanol producers. Additional information on GreenShift and its technologies is available online at www.greenshift.com.
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