Message #57 From:
NewsBot Date: November 28, 2006 05:00:00 AM
GSHF News GS AgriFuels Portfolio Company to Perform Renewable Fuels Testing with GM-Donated Vehicles
NEW YORK--(BUSINESS WIRE)--GS AgriFuels Corporation today announced that General Motors is
providing a Chevrolet Silverado and a GC Sierra pickup truck to Clarkson
University for renewable fuel research. Clarkson professor, Dr. Philip
Leveson, working with ZeroPoint Clean Technology, has developed advanced
biomass gasification and gas to liquids systems that allow a wide range
of biomass feedstocks and municipal waste streams to be converted to
carbon-neutral transportation fuel. The technology, which can gasify
virtually any plant-derived material and convert the resultant gas into
electricity, valuable fuels and other chemicals, has the potential to
empower every community to create its own biomass energy infrastructure.
The goal of the project is to fuel the GM vehicles with 100% bio-derived
diesel-like fuel.
Initially, the GM vehicles will operate using several blends of the
biomass-derived fuel and conventional petroleum-derived diesel fuel,
while monitoring energy throughput and emissions to demonstrate the
performance of the system. Using facilities available through Clarkson’s
Center for Air Resources Engineering and Science, Professor Philip K.
Hopke and Suresh Dhaniyala will lead the energy and emissions monitoring
activity.
Greg Schaffer, plant manager, GM Powertrain Massena, gave the keys to
Clarkson University President Anthony Collins at a ceremony held today
at the campus in Potsdam. “GM is pleased to
assist Clarkson University in the further development of this important
technology. We believe the project will illustrate the ability to fuel
GM vehicles with economically feasible biomass fuel.”
“We are thrilled with this vital support from
GM. GM will expand our capabilities to convert biomass into useable fuel
and assist in the advancement of alternative energy technologies,”
said Tony Collins. “GM is to be commended for
its commitment to energy independence and global environmental
stewardship.”
About ZeroPoint Clean Tech, Inc.
ZeroPoint Clean Tech, Inc. (www.zeropointcleantech.com)
is a renewable energy company that deploys cutting edge biomass
gasification, gas to liquids and water treatment technologies for
creating carbon-neutral energy (gas, electricity, ethanol, diesel
substitutes, and hydrogen), clean water and other valuable products.
ZeroPoint’s technology is well suited for
distributed deployments, making it highly applicable to the localized
nature of many global sources of biomass feedstock. ZeroPoint competes
in the rapidly growing global, renewable energy and water treatment
industries. Current ZeroPoint investors include Golden Technology
Management, LLC and GS AgriFuels Corporation (OTC Bulletin Board: GSGF).
About GS AgriFuels Corporation
GS AgriFuels Corporation was founded to produce and sell clean fuels
from agriproducts in innovative ways that efficiently leverage America's
current fuel production and distribution infrastructure while empowering
consumers to save money, reduce pollution and contribute to energy
independence. GS AgriFuels is a majority-owned subsidiary of GreenShift
Corporation (OTC Bulletin Board: GSHF), a company devoted to
facilitating the efficient use of natural resources.
About Clarkson University
Clarkson University, located in Potsdam, New York, is a private,
nationally ranked university with a reputation for developing innovative
leaders in engineering, business, the sciences, health sciences and the
humanities. At Clarkson, 3,000 high-ability students excel in an
environment where learning is not only positive, friendly and supportive
but spans the boundaries of traditional disciplines and knowledge.
Faculty members achieve international recognition for their research and
scholarship, and they connect students to their leadership potential in
the marketplace through dynamic, real-world problem solving.
About General Motors Corporation
General Motors Corp. (NYSE:GM), the world’s
largest automaker, has been the global industry sales leader for 75
years. Founded in 1908, GM today employs about 327,000 people around the
world. With global headquarters in Detroit, GM manufactures its care and
trucks in 33 countries. In 2005, 9.17 million GM cars and trucks were
sold globally under the following brands: Buick, Cadillac, Chevrolet,
GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and
Vauxhall. GM operates one of the world’s
leading finance companies, GMAC Financial Services, which offers
automotive, residential and commercial financing and insurance. GM’s
OnStar subsidiary is the industry leader in vehicle safety, security and
information services. More information on GM can be found at www.gm.com.
