GreenShift Corporation sent a letter to its shareholders and in that letter, Kevin Kreisler, chairman of GreenShift Corporation, announced the three main goals GreenShift has for 2010. Those goals include, execution of new corn oil extraction license agreements during 2010 with ethanol producers with an aggregate capacity of at least 1 billion gallons per year of ethanol, second to achieve profitability by the end of this year; and, finally to continue the 30% debt reduction realized in 2009 by reducing debt by an additional 30% during 2010.
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About GreenShift Corporation
GreenShift Corporation 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. At full participation by the ethanol industry, GreenShift’s commercially-available technologies can give way to disruptive gains by sustainably producing globally-meaningful quantities of new carbon-neutral liquid fuels for distribution through existing supply chains. GreenShift is focused today on supporting integration of its patented and patent-pending corn oil extraction technologies into as much of the ethanol fleet as possible. GreenShift also maintains its strong commitment to continued innovation and has many additional patents pending for its Backend Fractionation™ portfolio of strategically-compatible cleantech designed to continue driving the corn ethanol industry into increased sustainability and global competitiveness.
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