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California Certifies Two Edeniq Customers for Corn Kernel Fiber Ethanol

May 13, 2019

VISALIA, Calif.--(BUSINESS WIRE)--May 13, 2019--

Edeniq, Inc. (“Edeniq”), a leading biotechnology company that develops processes for producing and measuring cellulosic ethanol, today announced that the California Air Resources Board (“CARB”) approved its first two Intellulose 2.0 customers for cellulosic ethanol production from corn kernel fiber. Siouxland Ethanol, a 90 million gallon per year (“MGPY”) corn ethanol plant located in Jackson, Nebraska was certified on May 6 with a carbon intensity (“CI”) rating of 26.67 and Elite Octane, a 150 MGPY corn ethanol plant located in Atlantic, Iowa was certified on May 7 with a CI rating of 30.32. Using Intellulose 2.0, the two plants achieved average corn kernel fiber ethanol production of 3% of total production, nearly triple the average performance traditionally associated with the benefits of Intellulose 1.0 that regulatory agencies had approved.

“Intellulose 2.0 is performing extremely well, and we are excited to bring the technology to more ethanol plants,” said Brian Thome, President and CEO of Edeniq. “We would also like to especially thank the teams at Siouxland Ethanol and Elite Octane for their collaboration and support, and the team at CARB for their communication and guidance during the evaluation process.”

“Siouxland Ethanol and Elite Octane are pleased to offer consumers access to low carbon liquid transportation fuels,” said Nick Bowdish, President and CEO of both companies. “We take pride in being leaders in the US ethanol industry and delivering results that satisfy both our investors and consumers. We appreciate the opportunity to work synergistically with Edeniq and CARB and will continue to make transportation fuels more environmentally friendly.”

Edeniq’s Intellulose 2.0 technology typically achieves between 2 and 4.5% cellulosic ethanol production from the corn kernel fiber at existing corn ethanol plants without any capex requirements. The technology, which was developed over several years and underwent multiple peer reviews, measures the amount of ethanol produced from multiple different molecules present in corn kernels and quantifies the individual contribution of each component. The technology builds on Intellulose 1.0, which measures the cellulosic ethanol produced from a single corn kernel component. Seven Edeniq Intellulose 1.0 customers were previously approved by the U.S. Environmental Protection Agency (“EPA”) for D3 RIN generation and/or by CARB for low-CI corn kernel fiber ethanol production.

About Edeniq, Inc.

Edeniq, Inc. is a leading biotechnology company that develops processes for producing and measuring cellulosic ethanol from corn kernel fiber through its Intellulose technology. Edeniq’s Intellulose requires zero capital investment and is easily integrated into existing ethanol production facilities. Edeniq was established in 2008 and is headquartered in Visalia, Calif. with a field office in Omaha, Neb. More information can be found at www.edeniq.com.

About Siouxland Ethanol, LLC

Siouxland Ethanol, LLC is an ethanol production company owned by more than 700 local investors. The Company commenced operations in May 2007 and produces approximately 90 million gallons of ethanol and 200,000 tons of distiller’s grains per year. Siouxland Ethanol is a seasoned shipper of ethanol to California and has a reputation for producing low carbon ethanol since inception by utilizing landfill gas as a source of process energy. More information can be found at www.siouxlandethanol.com.

About Elite Octane, LLC

Elite Octane, LLC is a privately held ethanol production company that commenced operations in July 2018 and produces approximately 150 million gallons of ethanol and 330,000 tons of distiller’s grains per year. Elite Octane is the newest ethanol plant in the United States to successfully come online and is home to the largest steel grain bins in the world at a capacity of 2M bushels of corn each. More information can be found at www.eliteoctane.net.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190513005818/en/

CONTACT: For Edeniq: Lily Wachter

Phone: 559-302-1777

Email:lwachter@edeniq.comFor Siouxland Ethanol, Elite Octane: Nick Bowdish

Phone: 712-790-0767

Email:nick@nbowdishcompany.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA IOWA NEBRASKA

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY PUBLIC POLICY/GOVERNMENT STATE/LOCAL NATURAL RESOURCES AGRICULTURE ENVIRONMENT

SOURCE: Edeniq, Inc.

Copyright Business Wire 2019.

PUB: 05/13/2019 03:54 PM/DISC: 05/13/2019 03:54 PM

http://www.businesswire.com/news/home/20190513005818/en