February 25, 2010
Alternativa, GreenShift to develop integrated feedstock facility
Alternativa (IOM) Limited and GreenShift Corporation have entered into an exclusive supply and cooperation agreement to design and develop sustainable integrated feedstock and renewable energy production facilities.
The companies will initially focus on selected geographies throughout the world that have both abundant undeveloped biomass-derived feedstock resources and the downstream supply-chain infrastructure needed for robust distribution and use of renewable energy and other biomass-derived products at scale.
The first planned facility is planned for Ukraine, and will be designed to process rapeseed into substantial quantities of renewable fuels, edible oils and animal feed in an environmentally-friendly fashion.
While the development of the Ukrainian project is at an advanced stage, Alternativa is evaluating several additional sites for development of similar facilities in Russia and Canada.
Each site will be designed to cost-effectively refine undeveloped first-generation biomass resources into value-added carbon-neutral products, but also to include fully-integrated applications of innovative second- and third-generation feedstock production and refining technologies, such as GreenShift''s patented and patent-pending oil extraction and Cellulosic Oil technologies.
Alternativa''s Ukraine project is expected to provide a strong, stable base of local demand that can help Ukraine increase rapeseed crop production to serve the domestic requirements as well as exports into the EU. Alternativa has already entered into a long term agreement with a major producer of rapeseed towards providing the feedstock for its first planned Ukraine project.
Alternativa (IOM) Limited is the latest company to be established by British businessman Richard Spinks, the former Chief Executive Officer of Landkom International PLC, a company he founded in 2005 and built to become one of Ukraine''s leading rapeseed growers. Alternativa is primed to establish itself as a leading low-cost producer of renewable energy products with best-of-class production facilities.
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.