Waste-to-Biodiesel Agreement Moves Ahead

New York [RenewableEnergyAccess.com] GS CleanTech Corp, formerly named Veridium Corporation, announced an agreement with an Arkansas-based poultry processing facility to extract more than one million pounds per year of poultry fat annually from the facility’s waste streams for conversion into a biodiesel feedstock using GS CleanTech’s proprietary animal fat recycling and conversion technologies. GS CleanTech’s pricing model for its animal fat recycling and conversion technologies is based on its provision for turnkey systems with no up-front cost in return for long-term agreements to purchase the converted animal fat based on a fixed discount to prevailing fuel prices. Under the terms of the agreement, GS CleanTech, which is majority-owned by GreenShift Corp., expects to generate an estimated $1.2 million to $1.8 million in annual revenues.

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