TMO and Fiberight sign 20-year contract
On 20 September 2010 TMO Renewables, a developer of a new process for converting biomass into ethanol for transportation fuel, entered into a 20-year exclusive contract with clean tech company Fiberight.
The contract could be worth in excess of $25 million (€19.09 million) a year and will see Fiberight design and build a number of US-based bioethanol refineries.
The plants will combine the TMO process, which optimises waste feedstock conversion using a speciality bio-organism and Fiberight’s fractionation and digestion technology to improve the conversion of municipal solid waste and associated cellulosic waste into ethanol.
The site and funding for the first facility has already been secured and will break ground next year. But the contract will see a further 14 plants erected over the upcoming five years. The next five sites have also been identified and Fiberight has agreed to commission a number of plants throughout the US each year.
TMO’s CEO Hamish Curran said: ‘This contract is a landmark in the development of TMO’s technology on a commercial scale to produce an economically sustainable source of renewable biofuel. In adopting the TMO process Fiberight has proven the ability to use waste stream feedstock, net of all recyclables, for the effective conversion to cellulosic ethanol via a novel, low cost and fully integrated bio-process.’
Craig Stuart-Paul, CEO of Fiberight, stated: ‘Integrating TMO’s process with our own will give Fiberight the edge compared with other ethanol producing technologies, allowing us to be more efficient with waste than our competitors. Together the companies are on track to become one of the largest producers of cellulosic ethanol in the US during 2011, helping to divert millions of tonnes of waste away from landfill every year.’
The contract could be worth in excess of $25 million (€19.09 million) a year and will see Fiberight design and build a number of US-based bioethanol refineries.
The plants will combine the TMO process, which optimises waste feedstock conversion using a speciality bio-organism and Fiberight’s fractionation and digestion technology to improve the conversion of municipal solid waste and associated cellulosic waste into ethanol.
The site and funding for the first facility has already been secured and will break ground next year. But the contract will see a further 14 plants erected over the upcoming five years. The next five sites have also been identified and Fiberight has agreed to commission a number of plants throughout the US each year.
TMO’s CEO Hamish Curran said: ‘This contract is a landmark in the development of TMO’s technology on a commercial scale to produce an economically sustainable source of renewable biofuel. In adopting the TMO process Fiberight has proven the ability to use waste stream feedstock, net of all recyclables, for the effective conversion to cellulosic ethanol via a novel, low cost and fully integrated bio-process.’
Craig Stuart-Paul, CEO of Fiberight, stated: ‘Integrating TMO’s process with our own will give Fiberight the edge compared with other ethanol producing technologies, allowing us to be more efficient with waste than our competitors. Together the companies are on track to become one of the largest producers of cellulosic ethanol in the US during 2011, helping to divert millions of tonnes of waste away from landfill every year.’
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