Twitter headlines« US Light Duty Vehicle Sales Plunge 36.7% in November | Main | GM Requests $12B in Term Loan and $6B Revolving Line of Credit from Congress; Plan Outlines Increased Production of Fuel-Efficient and Alt Energy Vehicles »
Chemrec Completes US$20M C-round to Fund Commercialization of Black Liquor Gasification Technology
3 December 2008
Chemrec has completed a US$20 million funding round to be used to support the commercialization of its black liquor gasification technology. (Earlier post.)
The investment was led by Environmental Technologies Fund (ETF), with support from existing investors, Vantage Point Venture Partners and Volvo Technology Transfer. Swedish company Nykomb AB, which helped develop the Chemrec technology, remains an investor in the Company.
Chemrec’s black liquor gasification (BLG) technology converts the black liquor waste stream from the paper pulping process into synthesis gas. The synthesis gas can then be processed into a variety of fuels—likely dimethyl ether (DME) and methanol (MeOH), although fuels such as Fischer-Tropsch diesel (FTD), Synthetic Natural Gas (SNG), or hydrogen are also possible.
The global potential of this is equivalent to more than 45 billion liters a year of gasoline, according to Chemrec—2% of global fuel demand.
December 3, 2008 in Brief | Permalink | Comments (1) | TrackBack (0)
Comments
Posted by: arnold | December 03, 2008 at 04:05 PM
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef0105363439b9970c
Listed below are links to weblogs that reference Chemrec Completes US$20M C-round to Fund Commercialization of Black Liquor Gasification Technology:
Of course the removal of this toxic waste stream to provide a valuable resource is hard to fault.
It is interesting to consider that the volume is estimated to be 2% of world liqid fuel demand.
l'd like to see how the numbers refer to? total, proposed, current.