Veridium and Mean Green are both portfolio companies of GreenShift Corporation. (Greenshift holds about 65% of Veridium.) GreenShift is transferring its stake in GreenShift Industrial Design Corporation (GIDC), the developer of the Dissolved Air Flotation (DAF) sludge processing technology that Veridium will use in the JV (earlier post), to Veridium.
The proprietary sludge processing technology now owned by Veridium reduces the volume of DAF sludge by 80% while recovering the majority of the animal fats contained in the sludge—fats that can be used as biodiesel feedstock.
The USDA requires facilities that process the 100 million pigs, 35 million cattle, 1.6 billion turkeys, and 8 billion chickens slaughtered each year to use large volumes of clean water to continuously rinse the meats as they are cut and packaged.
The derivative large volumes of water contain extremely high levels of protein and fat. These nutrients are removed from the wastewater using conventional but efficient wastewater processing methods. This results in a cleaned wastewater and a concentrated sludge, which is called Dissolved Air Flotation (DAF) sludge. The poultry industry alone generates in excess of 2.5 billion pounds—more than 63,000 tanker loads—per year of DAF sludge.
Veridium’s technology enables livestock and poultry processing facilities to dramatically reduce the volume of sludge they are shipping and disposing, resulting in reduced costs and increased profitability for livestock and poultry processing facilities. Poultry processing facilities alone will generate in excess of 50 million gallons—10,000 tanker-loads—per year of this fat when utilizing Veridium’s process, and this fat can be converted into biodiesel fuel.
Veridium is a publicly traded industrial waste recycling company and holds the rights to more than a dozen proprietary universal processing, water purification, emissions control and waste recycling technologies.
Mean Green’s business model is currently based on the production of biodiesel from four main feedstocks:
Soy bean oil;
Corn oil extracted from ethanol facilities using Mean Green’s corn-oil extraction technology;
Animal fats procured from rendering operations;
Animal fats derived from dissolved air flotation wastewater sludges.