GIFC

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The Initial Phase activities of GIFC

GIFC plans to complete the following activities in the first three to five years:

(1) To initiate the process to obtain U.S. government approval to use the Purdue Yeast for industrial production of ethanol and other related products. This may take a year or two. The Purdue Group helped Iogen to obtain the approval for Canadian Officials to use the Purdue yeast for the production of cellulosic ethanol in Canada. The Purdue Group will also help GIFC obtain approval for the use of the Purdue yeast for industrial production of ethanol in the US.

(2) To provide the necessary funds for the Purdue scientists to further engineer their yeast, enabling the organism to co-produce many different high value co-products. The products co-produced with the ethanol will be worth at least $1.00 per gallon of ethanol produced. This will allow the production of cellulosic ethanol to become highly profitable.

(3) To obtain the exclusive rights from Purdue University for marketing the latest Purdue yeast strain that produces the high value co-products and to obtain the rights to continue perfecting the yeast. This will provide considerable financial resources for the GIFC.

(4) To hire experienced scientists and engineers as well as well-known experts as consultants to develop the most cost-effective means for culturing the Purdue yeast, distributing the yeast to ethanol producers (particularly farmer-owned ethanol plants), carrying out the hydrolysis of corn stover to fermentable sugars, recovering and developing new uses for lignin, fermenting the sugars, and recovering high-value co-products.

(5) To establish a fund raising network for the next ten years.

Most of these tasks are necessary for any company or organization to use cellulosic biomass to produce ethanol or other useful green chemicals.