Glacial Lakes Energy of South Dakota has become the first ethanol production company to put in an order for Veridium’s patent-pending Corn Oil Extraction System. According to a Business Wire release, a manually controlled system is up and running today at Glacial Lakes’ Watertown, South Dakota ethanol production facility, where it is extracting corn oil now at a rate of about 0.8 million gallons per year. This rate will be increased to between 1.2 to 1.5 million gallons per year in the immediate term after Veridium installs additional technology in the system.
The release quotes Tom Branhan, chief executive officer of Glacial Lakes Energy as saying, “I have been a believer of this technology and have actively supported its development from the very first day it was introduced to me by David Winsness and his team. Veridium’s technology allows to significantly increase our profitability and I am proud to say that Glacial Lakes is the first ethanol producer to install Veridium’s Corn Oil Extraction System(TM).”