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Inventure Chemical Completes 20 Feasibility Studies on 2nd Generation Feedstocks
Identification of Promising Feedstocks Paves Way for Plant Expansion
December 21, 2007 (Seattle, WA) – Inventure Chemical has announced that in the fourth quarter of 2007, the company completed 20 feasibility studies on 2nd generation biofuel feedstocks. These studies were conducted to identify the highest yield, most cost-effective feedstocks for use in the company’s patent-pending biofuel conversion processes.
“The feasibility studies have borne out the viability of our processes for converting 2nd generation feedstocks into high quality biodiesel and ethanol,” said Mark Tegen, Inventure’s chief executive officer and co-founder. “Fourteen of the studies were completed for companies producing algae in a variety of fresh water and salt water strains, from one to ten microns in size. We’ve also completed analysis and market studies on six agricultural waste streams. This has enabled us to further develop our cellulosic ethanol processing technology. Inventure has been at the forefront of technology for converting algae to biofuel. Our recent advances will allow biorefineries to produce both biodiesel and ethanol from cellulosic feedstocks. This will not only permit processors to make biofuel much more economically; with current U.S. biofuel subsidy standards, producers using cellulosic feedstocks will get a premium for these products.
Fueled by these advances in the use of algae and cellulosic feedstocks, Inventure will continue its plant expansion in Seattle. The company’s R&D production facility will have the capacity to process between two and three million gallons of biofuel per year.
About Inventure Chemical
Inventure Chemical (www.inventurechem.com)
was formed to develop and commercialize feedstock conversion technologies
for biofuel producers. The company is applying patent pending
processes to a variety of second generation feedstocks, including
algae and various cellulosic materials, to create biodiesel and
ethanol. By using these low-cost/high-yield feedstocks, biofuel
producers will be positioned to compete with petroleum fuel producers
on the free market, independent of any subsidies or mandates. The
company’s expertise includes both process conversion and plant
design/construction. Inventure currently operates a biodiesel and
ethanol R&D production site in Seattle, Washington where it
is currently producing biodiesel and ethanol from algae sourced
from facilities in Arizona, Australia and Israel.