15 August 2013 23:12 [Source: ICIS news]
HOUSTON (ICIS)--Biotechnology firm Edeniq and feedstock supply chain developer PacificAg have signed a collaborative agreement to help corn-based ethanol producers add cellulosic production at their facilities, the US-based companies announced on Thursday.
The five-year agreement is an effort to diversify feedstock sources, which would enhance long-term production margins and help producers achieve the US Renewable Fuel Standard’s goal of 36bn gal/year of biofuel production by 2022.
“This collaboration agreement brings together two companies at the forefront of solving a big risk factor to commercial production of cellulosic ethanol – getting biomass from the field to the plant with maximum reliability and efficiency and successfully converting that biomass at a low per gallon capital investment for existing production facilities,” said Bill Levy, founder and CEO of PacificAg.
“By combining Edeniq’s bolt-on production technologies for corn ethanol plants with PacificAg’s agricultural biomass supply capabilities, we will provide the best turn-key solution for today’s producers to economically integrate cellulosic production into their existing facilities,” said Brian Thome, the CEO of Edeniq.
The US has about 200 operating ethanol plants with a combined capacity of nearly 14bn gal/year, the companies said.
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