GS CleanTech Corporation, formerly named Veridium, has executed an agreement with an Arkansas-based poultry processing facility to extract more than one million pounds per year of poultry fat from the facility’s waste streams for conversion into a biodiesel feedstock using GS CleanTech’s proprietary animal fat recycling and conversion technologies. (Earlier post.)
GS CleanTech provides turn-key systems for no up-front cost in return for long-term agreements to purchase the converted animal fat based on a fixed discount to prevailing fuel prices.
Under the terms of this agreement, GS CleanTech expects to generate an estimated $1.2 million to $1.8 million in annualized revenues by purchasing and selling the Arkansas facility’s converted poultry fat as a biodiesel feedstock.
GS CleanTech is majority-owned by GreenShift Corporation.