bellwetherreport.com: The Bellwether Report stays on top of the movement surrounding Veridium Corporation
May 11, 2006 (M2 PRESSWIRE via COMTEX) -- Veridium Corporation (OTCBB:VRDM), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Veridium Corporation publicly traded industrial waste recycling company, earlier this week released an update on its various ethanol projects.
Veridium owns several technologies that bring substantial benefits to the ethanol industry. These technologies increase the efficiency of ethanol production by increasing the amount of fuel produced while reducing operating costs and plant emissions.
Dry mill ethanol producers convert starch from corn into ethanol. The by-product of this process contains the fat from the corn and exits the back of the production process. Veridium's patented technology economically recovers up to 75% of the fat from this by-product and converts it into pure corn oil which can either be sold as-is or for conversion into biodiesel. This corresponds to 3 million gallons per year of high grade corn oil converts to 3 million gallons per year of biodiesel. This equates to a 6% increase in fuel production out of a 50 million gallon per year ethanol facility, and a significant increase in plant productivity out of the plant's existing infrastructure. Veridium intends to purchase and sell the extracted corn oil and generate an estimated $1.4 million to $1.8 million in annualized revenues per system as the systems are brought online.
To date, Veridium has recieved eight orders with ethanol producers for deployments of various implementations of this technology to date and Veridium's target is to close a total of 20 such orders this year. Veridium expects to bring its first commercial systems based on this technology online later this year.
Veridium's is also in the process of developing a CO2 Exhaust to Ethanal bioreactor technology which is simple, robust and scalable, and was originally designed to reduce greenhouse gas emissions from fossil-fueled combustion processes. The technology is based on a new strain blue-green algae discovered thriving in a hot stream at Yellowstone National Park. The algae use the available carbon dioxide, water and light to grow new algae, giving off pure oxygen and water vapor in the process. Once the algae grow to maturity, they fall to the bottom of the bioreactor where the algae can be harvested for further refining several times per day.
Veridium is currently building a small-scale mobile pilot system for sales and technical demonstration purposes, and Veridium's immediate focus for this technology is to deploy permanent commercial-scale pilot operations with qualified early adopters in the ethanol industry and in the power generation industry beginning this year.
Last but not least, Veridium holds the rights to patented technologies that use ultrasonic energies to synthesize hydrogen and/or clean fuels from agricultural wastes, including cellulosic biomass. Veridium's focus for the technology this year will be to demonstrate and deploy a commercial-scale pilot version of the technology that converts discarded corn stalks and other cellulosic biomass into clean energy directly at and for ethanol facilities.
Following this recent update Veridium Corporation traded up to$0.26 a share as this company has been working hard keeping its shareholders well informed of what is taking place. Veridium is in a very exciting industry where the potential to significantly help our planet is very high. I like this company's future as it currently down 7.0% to $0.182 a share creating a great opportunity, for investors interested in a little risk with a lot of upside. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
IP: Logged |
posted
Wal-Mart Weighs Selling Ethanol-Based Fuel Wednesday May 31, 9:22 pm ET By Marcus Kabel, AP Business Writer Wal-Mart Stores May Offer Ethanol Made From Corn at Its 383 U.S. Gas Stations
Wal-Mart Stores Inc. may offer ethanol made from corn at its 383 U.S. gas stations, a company spokesman said Wednesday. Wal-Mart stressed it is not ready yet to make any announcements, but corn growers said Wal-Mart's entry into a market now mainly made up of scattered independent gas stations would be a significant boost to a budding new fuel industry.
Ethanol made from U.S.-grown corn has become a hot topic this year as Congress, the Bush administration and American drivers look for alternative fuels to reduce dependence on foreign oil, keep fuel prices down and curb emissions blamed for global warming.
The world's largest retailer brought together a group of industry, government and academic experts on alternative fuels in Washington last week to discuss how Wal-Mart could develop a network for supplying gas stations at its stores and Sam's Clubs with E-85 fuel.
E-85 is a blend of 85 percent ethanol and 15 percent gasoline.
"We are considering E-85, absolutely," Wal-Mart spokesman Kevin Gardner said.
"We are looking to continue to work with and identify strategic partners in the business community to further our efforts in the alternative fuels arena. That said, there are a lot of things we are looking at and considering and we just don't have anything to announce right now," Gardner said.
Representatives from the fuel industry, Wal-Mart suppliers and government and nongovernment experts attended the meeting.
The National Corn Growers Association was one of those attending, and its chief executive, Rock Tolman, said a decision by Wal-Mart to offer E-85 would help solve one of the emerging industry's problems: not enough availability for consumers.
More than 5 million vehicles on the road can run on the blend and car manufacturers say they are making more models that can use it. Yet the fuel is sold by just over 600 retailers across the nation, mainly independents rather than chains.
Tolman said the move would also increase competitive pressure on national chains to carry E-85.
"It would be one more significant, very big step in this whole transition toward biofuels," Tolman said.
Wal-Mart owns and operates gas stations at 375 of its nearly 570 Sam's Club locations and another eight on the grounds of Wal-Mart stores. Outside companies operate gas stations at more than 1,000 Wal-Marts nationally, but Wal-Mart cannot dictate whether they offer E-85, Gardner said.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
