US BioPower forms JV to license cellulosic biofuel technology

14 November 2013 13:58  [Source: ICIS news]

HOUSTON (ICIS)--BioPower Operations has formed a joint venture that will license intellectual property rights for the production of cellulosic biofuels to oil firms, sugar companies, and to producers of ethanol and transportation fuels, the US-based company said on Thursday.

BioPower said that the joint venture was formed by its wholly-owned subsidiary, Global Energy Crops Corp, and Alternative Green Today. Financial or other terms were not disclosed.

The venture would provide a platform of sustainable solutions for the production of cellulosic biofuels and bio-based products “in a flexible and cost-effective manner,” said Marco Baez-Vasquez, BioPower’s chief scientific and technology officer.

"Our latest work and results have made significant progress towards configuring an advanced process for the production of cellulosic biofuels economically,” Baez-Vasquez added.

By: Stefan Baumgarten
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