CORE BioFuel Targets Carbon Neutral Gasoline
The SCA has committed to an equity investment in Toronto-based CORE BioFuel Inc., a Canadian company that is commercializing an advanced biomass to gasoline production process.
SCA President Dr. Murray McLaughlin says that, in reviewing the CORE process and technology, the alliance's board of directors saw this as a novel approach to decreasing dependence on fossil fuels. The investment is consistent with SCA's mandate of supporting green and sustainable technologies.
CORE is planning to build its first industrial scale facility near Houston, a forestry town in the northern interior of British Columbia, that will use wood waste from pine beetle damaged trees, forestry slash and mill residues. Startup is targeted for 2012.
The MKS Process is designed to produce over 307 litres of 92 octane, carbon neutral gasoline per metric tonne of wood fibre. That is, almost 74 US gallons of 92 octane gasoline per imperial ton of wood fibre. While CORE's initial focus is the use of waste wood, it is also investigating the economic feasibility of other biomass feedstock sources for future facilities. These include dedicated fibre crops such as high yield poplar species, switchgrass, grasses, agricultural residues, bagasse (fibrous residue after juice is extracted from sugar cane and similar plants), sorted municipal solid waste and treated municipal biosolids. Because of its feedstock flexibility, CORE can source feedstock in diverse geographic locations around the world. Plants using CORE's process will only use non-food biomass that can be sustainably acquired.
The company expects that its plants will be profitable without any production subsidies. It expects that its initial MKS Process demonstration plant should be eligible for financial contributions under a range of Canadian federal and provincial government programs. The company also expects to be eligible to sell significant GHG emission reduction credits where cap and trade markets are in place.
CORE President George Stanko describes SCA's financial involvement as a "tremendous vote of confidence" that will provide additional access to business and industrial experience in the marketplace. "We are very excited to partner with a group that shares our goals and vision to develop renewable fuels in Canada."
Mr. Stanko says the company aims to build its own facilities in Canada and the U.S. as well as license its technology to other companies globally.
The CORE management team has expertise in petrochemicals, biofuels, renewable energy, and business management. Mr. Stanko is a chemical engineer with diverse experience in global supply chain management, manufacturing, quality control and plant start-ups in the chemical industry. Formerly with the Dow Chemical Co. for 27 years, he has managed large scale industrial chemical operations on a global scale. He is responsible for defining and implementing CORE's corporate strategy.
The company's technology aims to provide a scalable, efficient and cost effective approach to producing carbon neutral, high octane gasoline as an alternative to conventional gasoline produced from petroleum.
CORE BioFuel is commercializing its patent-pending MKS Gasoline Synthesis Process™. This process is a groundbreaking development that addresses the biofuel challenge. The technology is industrially proven and the process is a scalable, efficient, and cost effective approach to producing carbon neutral, high octane gasoline. ZFI (Zero Fossil Input) Gasoline™ produced by the MKS Process™ will be a 92 octane, carbon neutral alternative to conventional gasoline produced from petroleum.
The Sustainable Chemistry Alliance is a not-for-profit organization established in 2008 to promote growth and prosperity by fostering and supporting innovation, development, commercialization and related business activities and projects in the area of green and sustainable chemistry. SCA is supported by the Bioindustrial Innovation Centre, a Centre of Excellence for Commercialization of Research with funding from the Government of Canada. www.suschemalliance.ca