Incitor receive backing for low-temperature biofuel demonstration

US-based biomass company Incitor will use new funding to demonstrate its low-temperature biofuel production technology.

The funding amounts to $1.5 million (€1.1 million) and comes from an investment group, led by Cottonwood Technology Fund, that hopes to finance an up to 30,000 tonnes per year facility.

Incitor claims its low-temperature process can break down almost any biomass from agricultural, solid, wood or algae waste to create bio-based chemicals, petrochemical replacements and its third generation biofuel called Alestron.

‘We believe Incitor's unique low cost chemistry brings new economics to the biofuels and biochemicals industries,’ says Cottonwood MD David Blivin. ‘In addition, the inclusion of methanol and ethanol in their synthetic process creates interesting opportunities to create higher value products from ethanol and natural gas.’

It is believed that the use of this technology will allow biofuel production at around $2 a gallon, while reducing production costs of certain industrial chemicals by about 80%.