Ineos Bio gets Florida facility funding
A biofuel joint venture between Ineos Bio and New Planet Energy has received $50 million (€45.2 million) from the US Department of Energy (DoE).
The JV’s commercial-scale biofuel and renewable power facility in Vero Beach, Florida, will be operational by late 2011 with construction expected to begin in 2Q 2010.
The Ineos New Planet BioEnergy joint venture will own and operate the commercial facility producing 8 million gallons of bioethanol a year from renewable biomass including wood and vegetative wastes. The facility will also generate clean renewable power for export to the Florida market.
At the heart of the Ineos Bio technology is a patented anaerobic fermentation step, through which naturally occurring bacteria convert gases derived directly from biomass into bioethanol. The process supports high recycling and high landfill diversion rates.
The Ineos Bio process can produce bioenergy from numerous feedstocks, including forestry waste, agricultural waste, sustainable energy crops, construction waste and municipal solid waste. This feedstock flexibility allows facilities to be built anywhere that a renewable biomass feedstock is available, providing good jobs and locally sourced energy for urban as well as rural communities.
The JV’s commercial-scale biofuel and renewable power facility in Vero Beach, Florida, will be operational by late 2011 with construction expected to begin in 2Q 2010.
The Ineos New Planet BioEnergy joint venture will own and operate the commercial facility producing 8 million gallons of bioethanol a year from renewable biomass including wood and vegetative wastes. The facility will also generate clean renewable power for export to the Florida market.
At the heart of the Ineos Bio technology is a patented anaerobic fermentation step, through which naturally occurring bacteria convert gases derived directly from biomass into bioethanol. The process supports high recycling and high landfill diversion rates.
The Ineos Bio process can produce bioenergy from numerous feedstocks, including forestry waste, agricultural waste, sustainable energy crops, construction waste and municipal solid waste. This feedstock flexibility allows facilities to be built anywhere that a renewable biomass feedstock is available, providing good jobs and locally sourced energy for urban as well as rural communities.
Loading ...
