Carbonics Taps Dr. Paul Miller for CEO
24 June 2009 - 11:48PM
Business Wire
The Board of Directors of Carbonics Capital Corporation (OTCBB:
CICS) has appointed Paul T. Miller, Ph.D. to the position of
president and chief executive officer.
Prior to his acceptance of the position of president and CEO of
Carbonics, Dr. Miller was the founder and president of Sustainable
Systems, an oilseed processing facility specializing in the
production of high oleic vegetable oils for food applications. Dr.
Miller has a hands-on understanding of the challenges faced by
early stage development projects and companies including diverse
experience in finance, sales, marketing, product development and
operations. Dr. Miller earned a B.S. in Chemistry from Radford
University and a Ph.D. in Chemistry from the University of
Montana.
�Carbonics will focus on technological development and services
that decarbonizes and increases efficiency within industry and
commerce,� said Dr. Miller. �Our plan to build shareholder value
involves the development and use of technologies that decrease
carbon and energy intensity coupled with the monetization of those
reductions to help drive our growth.�
Carbonics� first project involves its planned acquisition of the
Sustainable Systems oilseed crush facility in Culbertson, Montana
from GreenShift Corporation (OTCBB: GERS), and the restructuring
and repositioning of this facility as a strategic location for the
processing of carbon-neutral second generation feedstocks for
biofuel applications. In addition, Carbonics intends to invest in
the development of technology to manufacture carbon-negative third
generation feedstocks for biofuel and specialty chemical
applications.
Dr. Miller stated, �I am energized by Carbonics� technology,
services, business development and overall growth opportunities. It
remains extremely important that the private sector continue to
develop and invest in renewable energy, energy efficiency and clean
technology that has diverse applications across industry and
commerce. We are collectively, as a society, facing unprecedented
challenges in the form of resource scarcity and global climate
change. We believe that development of second and third generation
feedstocks that help to streamline the flow of carbon through, out
and back into commerce presents a compelling opportunity to
contribute meaningfully to the resolution of these challenges.�
About Carbonics Capital Corporation
Carbonics Capital Corporation (OTCBB: CICS) was founded to
facilitate decarbonization in ways that cost-effectively capitalize
on the evolving carbon markets.
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or changes to future operating results.