From

To

LIVE Commodity Data
print view |  email to friend

eNews from Thursday, July 26, 2012

Plymouth Energy LLC Selects Edeniq to Increase Ethanol Production

Business 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.

Plymouth Energy’s 50 million gallon/year plant has achieved a three percent yield boost since the Cellunators™ were installed. Cellunators™ enable Plymouth to mill corn and other plant materials into smaller, more uniform sizes which are more easily converted into sugars needed to produce biofuels. Plymouth is also partnering with Edeniq on the implementation of other proprietary technologies that will provide additional revenues or cost savings for the plant.

“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.

About Edeniq

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.

For Edeniq
Erika Schuetze, 805-540-4318
erika.schuetze@saatchis.com

Source: Edeniq, Inc.

Copyright Business Wire 2012

Copyright notice
This is a news service of NewsEdge Corporation ©2012. This content is for your personal use only, subject to Terms and Conditions. No redistribution allowed.

Editor's Picks from Recent eNews

GCC Investors to Gain Strategic Knowledge of the Global Agriculture Sector at Global AgInvesting

2015 Dates Announced for European Debut of Oilseed Congress Europe/MENA and Women in Agribusiness Summit

Bayer CropScience to Share Insights on Unlocking New Canola Opportunities

USDA Announces Speakers for the 2014 Agricultural Outlook Forum

Monsanto and BASF Announce Progress in Annual Collaboration Pipeline Update

Features
Current Reports in the Resource Library at Soyatech.com

Soyfoods: The U.S. Market 2012
This annual report provides detailed information on the U.S. market by category, sub-category, brand and distribution channel.

Sponsored Links

Women in Agribusiness Study - A tool to help your company maximize the benefits of a diverse and inclusive workplace.

13th Practical Short Course: Fundamentals of Edible Oil Refining, Processing and Quality Management

Live Commodity Prices on Soyatech.com

About Soyatech  |   Advertising Services  |   Privacy Policy  |   Legal Notices  |   Contact Soyatech  |   Site Map
Copyright © 2000-2014 Soyatech, LLC. • P.O. Box 1307 • Southwest Harbor, ME 04679 • USA