US Cool Planet starts building 1st of 3 biomass-to-gasoline plants

27 February 2014 00:01  [Source: ICIS news]

HOUSTON (ICIS)--US-based Cool Planet Energy Systems broke ground on the first of three biomass-to-gasoline plants that it is developing in Louisiana, the state's governor said on Wednesday.

The first plant is in the port of Alexandria, and it is worth $56m, said Governor Bobby Jindal. Operations should start in early 2015 and it will be capable of producing 10m gal/year (38m litres/year) of high-octane gasoline.

The second plant will be in Natchitoches. Construction should begin in late 2015, and it should be completed in 2016.

Cool Planet still has not picked a site for the third plant, but it should come on line in late 2016 in Louisiana, Jindal said.

These two additional plants will each have a capacity of 10m gal/year and be worth $56m.

The plants will use yellow-pine wood waste and forest byproducts as a feedstock.

Cool Planet uses a two-step process that first fractionates the biomass into hydrocarbon streams and char.

The second step converts the hydrocarbons to fuels through a catalytic pyrolysis process.

The process also produces char, which Cool Planet is marketing as a soil additive.

Cool Planet investors include BP, Google Ventures, Shea Ventures, North Bridge Venture Partners, Energy Technology Ventures and the Constellation division of Exelon.


By: Al Greenwood
+1 713 525 2645



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