GreenShift Corporation
GreenShift develops and commercializes clean technologies designed to address the financial and environmental needs of its clients by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions. GreenShift Corporation is an engineering and technology company that invents, develops and commercializes clean technologies that facilitate the more efficient use of natural resources. Many of these innovations include process solutions that allow for efficient recovery of valuable products from otherwise low value co-product streams. Additional innovations include applications for these recovered products to produce optimal returns.
Company details
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- Business Type:
- Technology
- Industry Type:
- Environmental
- Market Focus:
- Nationally (across the country)
This company also provides solutions for other industrial applications.
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About us
GreenShift is currently focusing its extraction efforts in two primary industries:
- Corn Ethanol, a $40 Billion US Industry
- Pulp and Paper, a $40 Billion US Industry, $160 Billion Globally
GreenShift has targeted these industries due to the significant size of each, consistent processing methods used, and each contains large co-product streams that contain significantly valuable components should they be recovered.
GreenShift has invented, patented and commercialized a process to recover Corn Oil from the low value evaporator concentrate stream within a corn ethanol facility. The technology generally has less than a 12-month payback, has been adopted by more than 80% of the corn-based dry mill ethanol industry and collectively produces more than $700 million per year in additional income or about 14 cents of value added for each bushel of corn processed. This is the most significant advancement the industry has ever seen.
GreenShift has developed a substantial portfolio of technologies in this industry to further capitalize on its innovations. These technologies include:
- Advanced Corn Oil Extraction Methods that significantly increase extraction rates. These advanced methods include: Chemical Addition, Mechanical Washing and/or Thermal Treatment
- Biodiesel Processing Technologies and Ideally Scaled Co-Located Biodiesel Systems
- Fuel Distribution and Blending technology
GreenShift has invested in technology that cost effectively recovers Lignin from the low value evaporator concentrate stream within Kraft Mills. The technology is extremely efficient and allows for high quality lignin to be recovered at minimal cost.
GreenShift and its partners have and continue to develop a substantial portfolio of technologies in this field to further capitalize on this opportunity. These technologies include:
- Lignin Purification Technology
- Lignin Derived Chemicals
GreenShift maintains a strong commitment to continued innovation and have many additional patents pending within its portfolio of strategically-compatible cleantech designed to leverage its extraction platform and further strengthen the significant competitive advantage its technologies provide to licensees.
GreenShift’s business model is to capitalize on these opportunities through structures that make the most sense to the host facility and GreenShift. These structures can include:
- licensing,
- licensing with field support and engineering services, and
- over-the-fence process and business relationships where GreenShift owns and operates the technology with a value share to the host facility.
Mission
GreenShift Corporation's mission is to develop and commercialize innovative clean technologies that increase the revenue and profitability of its customers by improving process efficiencies and increasing the value of process co-products. These innovations accumulate over time generating significant financial returns for GreenShift and its partners, while providing significant improvements to the environment.
History
GreenShift Corporation was founded on January 30, 2003 and is organized as a Delaware Limited Liability Company.
From the onset, GreenShift has always focused on improving process efficiency through innovative engineering solutions. Initially, GreenShift's core business was specialty drying, however its extensive experience in innovative process technology led to the discovery of its patented corn oil extraction technology. From 2003 to 2005, extensive research and development was conducted to fully commercialize GreenShift’s corn oil extraction technology, culminating with two commercial installations in 2005.
As our mission statement outlines, GreenShift did not stop innovating and proceeded to perfect its extraction technology while adding additional intellectual property to its portfolio to increase corn oil yields. In June 2007, GreenShift's third commercial installation was completed and was closely followed by three additional installations in 2008. By this time, GreenShift's backend extraction process was viewed as the quickest and most cost effective solution for ethanol producers to increase revenues and was beginning to experience wide-spread adoption across the industry.
In October 2009, GreenShift received a patent issuance on its first corn oil extraction patent from the US Patent and Trademark Office. It has since received numerous additional patents related to its corn oil extraction processes and other clean technologies.
Currently, GreenShift has installed or licensed its patented corn oil extraction process to 36 ethanol facilities across the globe. Roughly 80% of the current corn-based, dry mill ethanol industry has adopted backed corn oil extraction, contributing over 1.8 billion lbs of feedstock annually to the biodiesel, renewable diesel, feed and industrial markets.
Moving forward, GreenShift will maintain its mission of developing and commercializing innovative clean technologies that increase the revenue and profitability of its licensees; taking advantage of untapped resources and improved process efficiencies.