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GreenShift Corporation today announced that it has received a grant award of $375,000 to further the development of GreenShift`s patented and patent-pending algae bioreactor. The funding is provided through the Montana Board of Research and Commercialization, a unit of the Montana Department of Commerce. The objective
of the grant award is to demonstrate the production of algae from an industrial source of carbon dioxide in Montana using GreenShift`s patented and patent-pending bioreactor technology. GreenShift is to provide matching funds of $125,000.

GreenShift`s CO2 Bioreactor

GreenShift’s patented and patent-pending bioreactor technology uses thermophillic cyanobacteria to consume carbon dioxide emissions. The organisms use the available carbon dioxide in the emissions and water to grow and give off oxygen and water vapor. The organisms also absorb nitrogen oxide and sulfur dioxide and can be harvested for extraction and conversion into value added carbon neutral products once they grow to maturity.

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