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June 24, 2009 (FinancialWire) -- Carbonics Capital Corp. (OTCBB: CICS | Quote | Chart | News | PowerRating) has appointed Paul T. Miller as its president and chief executive officer. 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.
According to Carbonics, Miller has a hands-on understanding of the challenges faced by early stage development projects and companies including experience in finance, sales, marketing, product development and operations.
New York-based Carbonics Capital was formed to facilitate decarbonization to capitalize on the evolving carbon markets.
The company's first project involves its planned acquisition of the Sustainable Systems oilseed crush facility in Culbertson, Montana from GreenShift Corp., and the restructuring and repositioning of this facility as a strategic location for the processing of carbon-neutral second generation feedstocks for biofuel applications.
Carbonics also plans to invest in the development of technology to manufacture carbon-negative third generation feedstocks for biofuel and specialty chemical applications.
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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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