GreenShift to produce BioFuels™
Mount Arlington, NJ— GreenShift
Corporation announced the formation of Mean Green BioFuels Corporation
(“Mean Green™”), a development-stage company
that has acquired the rights to a new patent-pending technology
for the conversion of corn oil into biodiesel fuels.
Mean Green™ intends to
finance, build and operate a 30 million gallon biodiesel fuel
production facility on the eastern seaboard of the U.S. Mean Green™
plans to site its new facility in the middle of a highly industrialized
geography that has not historically had access to cleaner burning
fossil fuel alternatives. Mean Green™ also plans to invest
in additional biofuels production facilities and diesel blending
Recently cited by President Bush
as “one of our nation’s most promising alternative
fuel sources,” biodiesel can be blended at any level with
petroleum diesel to create a biodiesel blend, it can be used in
diesel engines with little or no modifications and it is biodegradable,
nontoxic, and essentially free of sulfur and aromatics.
Over 37 billion gallons of petroleum
diesel are used for domestic transportation each year in the U.S.
The total demand for diesel fuel approaches 50 billion gallons
per year when construction, farming and other off-road uses are
considered. The current production of biodiesel in the U.S is
about 30 million gallons per year.
Mean Green™ is 51% owned
by the inventor, Cantrell Winsness Technologies, LLC (“CWT”),
and 49% owned by GreenShift.