Coskata plans to enter Chinese ethanol market
Illinois-based renewable energy company Coskata plans to market cellulosic ethanol produced from its novel production process in China. Coskata intends to establish technology licensing and/or partnership agreements to bring the company's ethanol production process to China. Coskata has short- to medium-term goals that focus on developing relationships with potential suitors in China and the entire Asian region to commercialise Coskata's proprietary technology. No agreements have been made as of yet.
'We believe that China has the potential to be one of the largest markets in the world for second generation ethanol given their vast resources,' Wes Bolsen, Coskata's chief marketing officer of business development, declares.
'The meetings in China on this trip are the start of a longer process to figure out Coskata's potential entry into China as intellectual property rights for our technology can be protected. This is why we believe that the Coskata model of partnerships, joint ventures and the licensing of our technology, in addition to building and owning plants is very important.'
China could produce 50 billion gallons of biofuel from forest and agricultural waste alone, enough to displace its current oil imports, Bolsen comments.
Coskata's cellulosic ethanol is expected to be produced using agricultural waste, forest waste and municipal solid waste (MSW) using its novel process technology.
Coskata is currently developing a 40,000 gallon a year cellulosic ethanol demonstration facility in Pennsylvania, US.
Together with Kansas-based ICM, the company plans to have a US-based commercial-scale plant producing between 50-100 million gallons of cellulosic ethanol a year by 2011.
'We believe that China has the potential to be one of the largest markets in the world for second generation ethanol given their vast resources,' Wes Bolsen, Coskata's chief marketing officer of business development, declares.
'The meetings in China on this trip are the start of a longer process to figure out Coskata's potential entry into China as intellectual property rights for our technology can be protected. This is why we believe that the Coskata model of partnerships, joint ventures and the licensing of our technology, in addition to building and owning plants is very important.'
China could produce 50 billion gallons of biofuel from forest and agricultural waste alone, enough to displace its current oil imports, Bolsen comments.
Coskata's cellulosic ethanol is expected to be produced using agricultural waste, forest waste and municipal solid waste (MSW) using its novel process technology.
Coskata is currently developing a 40,000 gallon a year cellulosic ethanol demonstration facility in Pennsylvania, US.
Together with Kansas-based ICM, the company plans to have a US-based commercial-scale plant producing between 50-100 million gallons of cellulosic ethanol a year by 2011.
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