SucreSource, a wholly owned subsidiary of BlueFire Renewables, Inc. (OTC BB: BFRE.OB), has signed agreements with GS Caltex—a joint venture between GS Holdings and Chevron, and a leading Korea-based petroleum company—to build a cellulose to sugar plant in Korea.
The facility will process 2 tons of construction and demolition debris per day into cellulosic sugar, which will be converted into a high value chemical by GS Caltex’s proprietary technology. The facility will be owned and operated by GS Caltex with SucreSource providing the process design package, equipment procurement and technical and engineering support. Once the initial facility is validated, SucreSource will work with GS Caltex to develop and build larger commercial scale facilities in Korea and throughout the world.
This agreement validates SucreSource’s business model of selling its cellulosic sugars and, as in this case, sugar producing process to synergistic back end proprietary chemical companies to produce high value products.—Arnold Klann, President & CEO
SucreSource and GS Caltex have already commenced work on the project. SucreSource is actively pursuing other partnership opportunities and hopes to announce more relationships soon.
BlueFire Renewables, Inc. was established to deploy a commercially ready, patented and proven Concentrated Acid Hydrolysis Technology Process for the profitable conversion of cellulosic waste materials to renewable fuel sources, including cellulosic ethanol, biodiesel, biojet fuel, and drop-in fuels. BlueFire received an increase to its grant totaling $88 million under the American Recovery and Reinvestment Act in December of 2009.
SucreSource is a wholly owned subsidiary of BlueFire Renewables, Inc. While SucreSources sells its produced cellulosic sugars, its primary mandate is deploying the Arkenol Concentrated Acid Hydrolysis Technology (earlier post) for converting biomass to clean streams of cellulosic sugars. These lower cost sugars would be used by partner companies with proprietary microbe technologies to produce higher value biofuel and biochemical products that otherwise are not associated with BlueFire. SucreSource has successfully piloted more than 15 products such as biobutanol, ethanol, ethyl levulinate, esters, acetates, xylitol, sorbitol, citric acid and others.
SucreSource can Joint Venture or sublicense the patented Arkenol concentrated acid hydrolysis process.