27 January 2003 17:48 [Source: ICIS news]
LONDON (CNI)--German specialty chemicals company Sud-Chemie and compatriot Choren Industries have signed a cooperation agreement to produce fuel from regenerative resources such as wood, plants and recycled organic waste.
Sud-Chemie said in a statement received on Monday that it would be providing a special catalyst capable of transferring Choren’s synthesis gas into fuel or hydrogen.
The agreement anticipates a European Union (EU) directive requiring that 5.75% of the Community's fuel comes from regenerated sources by 2010, a Sud-Chemie spokesman told CNI.
He said: “We estimate there is a market potential of Euro15bn ($16.2bn)/year.” However, he said that at this stage, it would be difficult to estimate the market share that Sud-Chemie will gain.
The spokesman said the project, which will be developed at Choren Industries’ plant in Freiberg, Germany, will begin immediately.
Financial details of the deal were not revealed.
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