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From: "Tom Catino" <tomcatino716@...> |
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[I am putting this through
for responses and analysis from the list: we like to think we are seeking
solutions to climate change-related problems, and this company claims to be a party to these solutions. So - are they? Will their ideas work? How much of a help might they be? - your question-asking moderator.] Veridium Amends License Agreement for Exclusive Rights to CO2 Bioreactor Tuesday April 18, Technology Enables
Cost-effective New Supply of Ethanol Feedstock Bulletin Board: VRDM -
News) today announced its execution of an amended license agreement
with patented bioreactor process
for reducing greenhouse gas emissions from fossil-fuelled combustion processes. Veridium's original license with rights to the technology
for the purpose of processing exhaust gas streams from electrical
utility power generation facilities, and exclusive rights to the
technology for applications involving all other sources. The amended license agreement
increases the scope of Veridium's license to provide for exclusivity in all applications, including electrical utility power generation facilities. Veridium's bioreactor technology is simple, robust and scalable, and was originally designed to
reduce greenhouse gas emissions from fossil-fueled combustion processes. The technology is based on a new strain blue-green algae
discovered thriving in a hot stream at dioxide, water and light to
grow new algae, giving off pure oxygen and water vapor in the
process. Once the algae grow to maturity, they fall to the bottom of
the bioreactor where the algae can be harvested for further refining several times per day. A prototype of the
technology was built that is capable of handling 140 cubic meters of flue
gas per minute, an amount equal to the exhaust from 50 cars or a 3 megawatt power plant. New Feedstock for Ethanol
Production Ethanol is made from
starch-based feedstocks. The algae in the bioreactor convert exhaust
carbon dioxide and sunlight into a biomass that is comprised of about 94% starch and about
6% oil. This exceeds the starch
concentration in corn, the primary feedstock for domestic ethanol production
today, which contains about 63% starch and 3-4% oil. Even more impressive is that the
preliminary test data show a doubling of the
biomass several times per day - a rate much faster than plants, and it
does all of this on a footprint that is orders of magnitude less than the surface area
required for crops. Veridium's immediate focus for this technology is to deploy a commercial-scale pilot
operation while seeking out qualified early adopters for deployment of
the technology in the ethanol industry and in the traditional power generation industry. "We have been focused
on ethanol front for some time now and most of our current market
development focus is on deploying technologies that enhance production
efficiencies for existing ethanol facilities," said
David Winsness, chief executive officer of Veridium's industrial design division. "Our bioreactor technology
is just one of several such
technologies that we plan to roll out this year." Earlier this year, Veridium filed for patent protection on its BioStarch Recirculation System(TM) - an implementation of Veridium's bioreactor technology that
routes exhaust carbon dioxide from the fermentation stage of
ethanol production facilities through a bioreactor that is
specifically designed to be integrated with existing ethanol facilities. "We believe that
finding ways to rapidly squeeze more supply out of the existing production
infrastructure is a critically necessary objective," said Winsness.
"In conventional ethanol production, almost a third of the mass
of the corn ends up in the form of exhaust. Our view is that carbon dioxide exhaust is a
valuable resource that can be used
to increase the current output of host ethanol facilities, and we
think that we are going to see considerably more than 10%
gains in production out of existing ethanol facilities with our
patented and patent-pending technologies." Conversion of Power Plant
Exhaust Winsness added: "Demand for ethanol is increasing and we believe that it will continue to exceed supply for the
foreseeable future. We also believe that the
rate of the increasing demand will continue to outpace the rate of the
increasing supply while we wait for new ethanol facilities to be built. While bringing our
technologies to the ethanol industry
remains our primary focus, we are also seeking out new low-cost and near-term sources of ethanol
supply. We believe that the power generation
industry is a perfect candidate for this given the capabilities of
our bioreactor technology and we are excited to now have the
exclusive rights to the underlying technology." ********************************************************************* Veridium Technology Converts Exhaust Carbon Dioxide from Fermentation Stage of
Ethanol Facilities into New Ethanol and Biodiesel Thursday February 23, Corporation (OTC Bulletin
Board: VRDM - News) today announced its new patent-pending
technology for the conversion of exhaust carbon dioxide from the
fermentation stage of ethanol production facilities back into new ethanol and biodiesel. Earlier this year, Veridium announced its patented bioreactor process for reducing
greenhouse gas emissions from fossil-fuelled combustion processes. The new technology is simple, robust
and scalable, and was designed
to stimulate additional revenues for power plant operators while decreasing plant
emissions. Veridium's bioreactor is based on a
new strain iron-loving blue-green algae discovered thriving in a hot stream at The algae use the available
carbon dioxide and water to grow new algae, giving off pure oxygen and water vapor in the process. Once the algae grow to maturity,
they fall to the bottom of the bioreactor where the algae
can be harvested for other uses several times per day. One such use is conversion into clean fuels
such as ethanol and biodiesel. Ethanol is made from
starch-based feedstocks and biodiesel
is made from animal fats and vegetable oils. Corn, the
primary feedstock for ethanol production today, contains about 66% starch and
3-4% oil. Veridium's new BioStarch Recirculation
System(TM) routes exhaust carbon dioxide from the
fermentation stage of the ethanol production process through Veridium's bioreactor where it is consumed by algae that are comprised of about 94% starch and about 6%
oil. "The algae convert
exhaust carbon dioxide and sunlight into biomass," said David Winsness, chief executive officer of Veridium's industrial design division. "This biomass is a very
efficient feedstock for ethanol
production and is itself a concentrated source of the primary ingredient of ethanol. It doubles
in mass several times per day - a rate much
faster than plants, and it does all of this on a footprint that is
orders of magnitude less than the surface area required for crops. That said, this
technology is by no means a replacement for crops. Traditional ethanol feedstocks are still required to generate
the quantities of carbon dioxide needed to make our bioreactor effective." Kevin Kreisler, Veridium's chairman, added that: "this is about enhancing the efficiency of
our domestic ethanol production infrastructure and doing it as quickly as possible. Our goal
here was to increase ethanol
production and plant profitability on reduced capital and
operating cost by using as much as possible of the plant's existing infrastructure. We believe
that we were successful in doing so here
and that appreciable gains in ethanol production are probable. We are actively seeking an early
adopter of the technology for our
first deployment to prove out our projected gains." Veridium has already made significant gains in profitability possible for ethanol
producers with its patent-pending Corn Oil Extraction Systems(TM) by
extracting corn oil, which is an excellent biodiesel feedstock, from an ethanol production by-product called distillers dried grain. The 6% oil contained in the
algae used in Veridium's new BioStarch Recirculation System(TM) is
also expected to further increase the production of oil from Veridium's
Corn Oil Extraction System(TM). This results in the
production of increased volumes of high grade biodiesel feedstocks from each host ethanol
facility, increased profitability for host
ethanol facilities, and increased revenues for Veridium. About Veridium's
Corn Oil Extraction System(TM) Currently, the majority of
ethanol production is based on a dry milling technique that
utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol
(Fuel #1). The dry mill process converts the
starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the
corn (non-starch components) then goes
through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called distillers dried grain ("DDG"). DDG contains the
majority of the corn oil that was present in the kernel. Today, the
1 billion bushels of corn currently
used in the dry mill ethanol process contain roughly 300 million
gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed.
The new Veridium technology presents another
option - cost effective conversion into Biodiesel (Fuel #2). Veridium's Corn Oil Extraction System(TM) offers the following compelling benefits for
ethanol producers: Low Operating Costs - the
system requires less than $0.05 per gallon of corn oil produced; High Recovery Rates - the
technology is capable of recovering up to 75% of the corn oil within
the DDG; Increased Revenue - the
corn oil extracted with Veridium's technology is readily
amenable to refining into biodiesel fuel which creates a new revenue
stream for participating ethanol facilities; Reduces Current Operating
Costs and Emissions - Veridium's technology improves the
drying efficiency of the DDG which in turn reduces overall plant
operating costs and emissions; and, Low Capital Cost - Veridium's oil extraction methods have a capital cost of less than 15% of traditional corn oil
extraction methods. Pictures and video of the
new Veridium technology are available online at
www.meangreenbiofuels.com - this system is in use today and efficiently recovers corn oil from concentrated
thin stillage. ********************************************************************* Veridium Technology Sequesters Exhaust Carbon Dioxide Monday January 30, Corporation (OTC Bulletin
Board: VRDM - News) today announced its patented bioreactor process
for reducing greenhouse gas emissions from fossil-fueled
combustion processes. The new technology is simple, robust and scalable,
and is capable of stimulating additional revenues for
power plant operators while decreasing plant emissions. Carbon Dioxide BioReactor Veridium's patented process reduces greenhouse gas emissions from fossil-fueled
combustion processes such as power plants in a way that leverages nature's own solution:
photosynthesis. Industrial quantities of carbon
dioxide require industrial amounts of photosynthetic activity,
and power plant emissions, which are called flue gases, average
temperatures in excess of a very hot 55 degrees Celsius (131 degrees
Fahrenheit). Veridium's bioreactor is based on a new strain iron-loving
blue-green algae discovered thriving in a hot stream at carbon dioxide and water to
grow new algae, giving off pure oxygen and water vapor in the
process. The organisms also absorb nitrogen oxide and sulfur dioxide,
which contribute to acid rain. Once the algae grow to maturity,
they fall to the bottom of the bioreactor and are harvested for other uses. A prototype of the
technology was built that is capable of handling 140 cubic meters of flue
gas per minute, an amount equal to the exhaust from 50 cars or a 3 megawatt power plant. Veridium acquired the rights to the technology, which was developed by Dr. David Bayless of of GreenShift Industrial
Design Corporation. The license agreement with the purpose of air
pollution control of exhaust gas streams from electrical utility power
generation facilities, and exclusive rights to the technology for the
air pollution control of exhaust gas streams from all other
sources, including mobile sources, and to process carbon-containing compounds from any other
source. "Nature has developed
solutions to many of the environmental challenges we face
today," said Kevin Kreisler, Veridium Corporation's chairman and
chief executive officer. "Dr. Bayless and his associates have tapped
these natural solutions and developed what we feel is a very important and timely
technology." About Veridium
Corporation Veridium Corporation (OTC Bulletin Board: VRDM - News) is a publicly traded industrial waste
recycling company and holds the rights to more than a dozen
proprietary universal processing, water purification, emissions control and waste recycling
technologies. Veridium's business model is based on the engineering and marketing of green innovations and
processes that enhance manufacturing efficiencies, improve resource utilization and minimize
waste. Veridium's mission is to deliver consumer oriented Natural Solutions (TM) based on an array of
green technologies and applied engineering expertise that reduce waste
at the source and make it easier for people and businesses to recycle and reuse resources. Veridium plans to focus on the continued
acquisition, development and marketing of benchmark green
technologies and products that accomplish the following key goals: Reduce the volume of waste
generated by residential and commercial consumers; Increase the convenience
and decrease the cost of recycling by residential and commercial
consumers; and, Increase the
cost-efficiency of processing certain types of industrial wastes. Veridium is about 65% owned by GreenShift
Corporation (OTC Bulletin Board: GSHF - News), a
publicly traded business development company (BDC) whose mission is to
develop and support companies and technologies that
facilitate the efficient use of natural resources and catalyze transformational environmental gains. |
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