09 February 2012 14:12 [Source: ICIS news]
LONDON (ICIS)--The insolvency administrators of German biofuels firm CHOREN have sold its biomass syngas technology to industrial gases and chemicals engineering major Linde, officials said on Thursday.
Administrator Bruno Kuebler said that Linde unit Linde Engineering Dresden would continue to develop CHOREN’s Carbo-V technology for the production of second-generation biofuels.
“The sale to Linde means that there is a real opportunity that this technology will be fully developed and commercialised,” Kuebler said.
Financial terms were not disclosed.
The technology was CHOREN’s main asset. Last October, administrators sold CHOREN’s components business, which makes specialised gasification components and equipment.
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