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April 10, 2009 The "Mcgyan Process" inspired by the work of Augsburg College student and Rhodes scholar Brian Krohn, converts most feedstocks into biodiesel fuel without using much water or producing lots of waste.
Ever Cat Fuels, a start-up co-founded by Augsburg alumnus Clayton McNeff, recently completed a $5 million plant in Isanti that eventually will produce 3 million gallons of biodiesel fuel a year.
The technology is the real deal, said Piper Jaffray's Cameron.
"The floodgates could open," Cameron said. "Other communities around the country can do the same thing."
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