OriginOil launches Future Energy Solutions, for military biofuels
In California, OriginOil has co-founded a new joint venture, Future Energy Solutions, to develop biorefineries serving U.S. and NATO military requirements for alternative fuels. Future Energy plans to carry out bankable feasibility studies supporting project development and project delivery for diversified biofuel refining centers in strategic locations around the world.
OriginOil intends to contribute its proprietary systems and process knowledge to help develop multi-feedstock blending standards that will be needed for the new biorefineries.
The Energime Group of Companies has given preliminary commitments to provide a total of $4.5 million in funding, to be finalized in early 2012.
Related Articles
Category: Producer News
FREE Subscription
If you enjoyed this article, subscribe to receive the Biofuels Digest email newsletter - the world's most widely read biofuels daily.
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.