In New Mexico, Incitor received $1.5 million from the Cottonwood Technology Fund to finance its next growth phase.
Incitor’s patent-pending low-temperature chemical process breaks down various forms of agricultural, solid, woody or algal waste to produce commodity petrochemical replacements, specialty bio-based chemicals, and Alestron, a novel third generation biofuel compatible with both gasoline and diesel.
The company says that its technology will make biofuel production at about $2/gallon possible and reduce the production cost of important industrial chemicals such as levulinates, formates, and proprionates by about 80%. Incitor is rapidly scaling up its process to a 15,000-30,000 gallon per year demonstration facility.
More background on the story from the Digest
Category: Producer News