25 February 2011 01:51 [Source: ICIS news]
HOUSTON (ICIS)--A joint venture by US-based DuPont and Danish Danisco plans to build a commercial cellulosic ethanol facility in Iowa, DuPont said on Thursday.
DuPont Danisco Cellulosic Ethanol (DDCE) is “focused on a commercialisation model that includes licensing and selective participation in [the] production of cellulosic ethanol,” DuPont said on Thursday.
“The licensing programme includes a comprehensive package for cellulosic ethanol production that includes licensed technology, plant design, start-up, training and ongoing technical support,” DuPont continued. “This joint venture is in the final preparations for site selection for its first commercial facility, which will be located in Iowa.”
The Iowa Power Fund Board announced on 9 February that it had awarded a $9m (€6.6m) grant to DDCE to build a 25m gal/year (95m litre/year) commercial-scale demonstration cellulosic ethanol plant, with final site location to be announced by early summer.
DDCE would match the state grant with $226m in cash, bringing the total cost to more than $235m, the Iowa Power Fund Board said.
The project would be completed by the end of March 2014, the fund board added.
The facility would initially use corn stover as feedstock, the Iowa board said.
DuPont estimated the biofuels industry worldwide would grow from a $50bn opportunity at present to a $75bn opportunity by 2015.
($1 = €0.73)
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