GS AgriFuels Acquires Stake in ZeroPoint Clean Tech

GS AgriFuels Corp. (GSGF.OB) has taken a 10% stake in ZeroPoint Clean Tech, Inc. for $2.5 million. ZeroPoint is a development stage company commercializing patent-pending biomass gasification, gas-to-liquids and evaporation technologies. ZeroPoint’s Biomass Gasifier is designed to standardize variable cellulosic and other biomass feedstocks and optimize high yields of high-quality syngas in real-time with greatly increased capital and operating cost efficiencies at much smaller scales as compared to traditional gasification technologies.


The syngas output of ZeroPoint’s gasifier can either be used to generate electricity in a standard gas-fired generator or catalyzed into liquid fuels such as ethanol, methanol or synthetic diesel with the Fischer-Tropsch process.


ZeroPoint has successfully demonstrated the capabilities of its technologies in a small scale pilot processing plant and it is currently building a commercial scale pilot plant based on its technologies at Clarkson University in Potsdam, New York.


GS AgriFuels’ sister company, GS CleanTech Corporation (GSCT.OB), recently entered into an agreement with ZeroPoint for the exclusive rights to distribute ZeroPoint’s technology in the North American corn ethanol production industry.


To date, the most significant resistance to wide-scale use of biomass gasification has been the requirement to customize gasifiers for the specifics of each individual application. This is because different forms of biomass have different sizes shapes, densities, moisture contents, cellulosic structures and gasification and devolitization characteristics. Customization requirements and the practicality of gasifying variable feeds have typically constrained gasifiers to larger scale, capital intensive designs.


About GS AgriFuels Corporation


GS AgriFuels was founded to produce and sell clean fuels from agriproducts in innovative ways. GS AgriFuels’ business model is based on the manufacturing and sales of proprietary biodiesel equipment and the use of new technologies to produce biodiesel and ethanol from non-traditional feedstocks such as corn oil and cellulosic biomass through the utilization of several new proprietary technologies, including innovative desiccation, process intensification, gasification, catalytic, and carbon capture technologies, synergistically at small-scales to enable the refining of many forms of biomass into clean fuels at Integrated Multi-Fuel (“IMF”) production facilities.


GS AgriFuels is majority owned by GreenShift Corporation (GSHF.OB).

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