Plymouth Energy LLC Selects Edeniq to Increase Ethanol ProductionBusiness Wire -- VISALIA, CA -- July 26, 2012 -- Edeniq, Inc., a biomaterials and sustainable fuels innovator, today announced that its proprietary Cellunator™ milling equipment has been running commercially at Plymouth Energy, LLC’s corn ethanol facility since the first quarter of the year. Plymouth Energy, a leading U.S. ethanol producer, has shown improved ethanol and increased profitability as a result of the deployment of Edeniq’s process.
“The installations with Plymouth Energy provide further market validation that our bolt-on technologies are commercially enabling increased revenues and yield enhancements, and underscore Edeniq’s commitment to leveraging the concrete and steel that our customers have in the ground and in operation right now,” said Brian Thome, President and CEO of Edeniq, Inc. “We’ve been working side by side with the Plymouth team to drive efficiencies and increase yield within the particular specifications and requirements of their Iowa facility.”
“Edeniq’s technologies have added considerably to our bottom line,” said Eamonn Byrne, CEO of Plymouth Energy. “Edeniq takes the idea of partnership to a new level, demonstrating true commitment to the success of our business by providing the flexibility we need in order to expand our revenue streams and drive profitability. Ethanol producers’ ability to provide a product consumers will buy depends on being competitively priced. Edeniq helps us add significant value margins to what we are already doing.”
Edeniq owns and operates a demonstration-scale production facility in Visalia, California, which is currently converting a range of cellulosic feedstock into low-cost cellulosic sugars and cellulosic ethanol.
Edeniq recently announced that the company raised over $32 million in funding, received a $3.9 million grant from the California Energy Commission, and has entered into a partnership with Flint Hills Resources Renewables.
Edeniq integrates patented mechanical and biological processes to efficiently and cost-effectively break down plant material into sugars that become sustainable fuels and/or industrial materials. Edeniq’s patent portfolio includes innovation in biological catalysts plus mechanical processes that helps meet the industry-wide challenge of taking today’s plant-based resources into future markets and applications. Headquartered in Visalia, Calif., with locations in Omaha, Neb., and the state of Sao Paolo in Brazil, Edeniq is funded by such leading investors as Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson, Flint Hills Resources Renewables, The Westly Group and Cyrus Capital.
About Plymouth Energy LLC
Plymouth Energy operates a 50 million gallon per year ethanol plant in Merrill, in western Iowa. The company avails of a low cost, high quality corn base to produce superior quality, customer-driven Ethanol and a Distillers Grains Co-Product. Plymouth's manufacturing process offers the flexibility to meet numerous customers' specifications, as requested, and the experienced management team is 100% market driven.
Erika Schuetze, 805-540-4318
Source: Edeniq, Inc.
Copyright Business Wire 2012
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