GS AgriFuels Corporation (GSGF.OB) has acquired NextGen Fuel, Inc., a producer of modular, continuous-flow multi-feedstock biodiesel process equipment, for $21 million. NextGen’s biodiesel process technology utilizes innovative and proprietary process intensification techniques to accelerate and enhance traditional biodiesel reaction kinetics, thus decreasing process time, reducing energy and raw material needs, and increasing product quality. These benefits translate to reduced up-front capital and ongoing operating costs by as mush as 50% versus traditional technologies.
Additionally, NextGen’s systems can be manufactured and shipped to customers in as quickly as 12 weeks from the time of order. NextGen currently offers turn-key biodiesel production plants rated for 5 million gallons per year and 10 million gallons per year, but the modular and continuous-flow aspects of the technology make scaling plants up or down easy and cost-effective.
“We see a robust and mostly untapped domestic and international market for the development of mid-sized biodiesel production facilities,” said Kevin Kreisler, GS AgriFuels’ chairman and CEO. “We believe that NextGen has commercialized an important technology that enables us to meet the needs of this market. The continuous-flow capabilities of the technology translate to substantially lower construction costs because less equipment and raw materials are needed versus batch plants, and the modular design allows NextGen plants to be cost-competitive with the total capital costs of larger plants.”
GS AgriFuels is about 90% owned by GreenShift Corporation (GSHF.OB), a company devoted to facilitating the efficient use of natural resources.
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