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“The New Ethanol” Company: Imbicon
Filed under Biofuels companies, biofuelsMar 14This will be our last fuel ethanol company profile for a while, as I want to move on to other biofuels sectors.
Spun out of DONG, Denmark’s largest energy company with annual revenues equivalent to about $7.5 billion, Imbicon has ambitions to launch, in its words, “The New Ethanol.” (caps are Imbicon’s). Just what is The New Ethanol? According to the company, it is a “new engineering and business model that incorporates its proprietary technology into a new pathway for converting biomass to ethanol.” Well, that clears everything up!
Imbicon is partnering with US-based G-Team. Apparently, the Imbicon technology processes waste cellulosics like wheat straw and corn stover into ethanol while also producing electricity and steam that cut the plant’s overall power needs. As an add-on to grain ethanol plants, the efficiency boost comes from processing the waste materials that are not processed now. For nearly six years, Imbicon claims to have been testing, perfecting, and patenting its biomass conversion process at its pilot plant in Denmark. One measure of Imbicon’s cellulosic commitment: building a $50 million demonstration-scale Imbicon Biomass Refinery to showcase the company’s technology. Just how new is this New Ethanol? Sounds like the same old ethanol everyone else makes to me, although the efficiency of the engineering in recapturing lost heat during the process may be top notch. I’ll wait for the pilot plant results to become a believer.
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