Lockheed Martin Invests in FORGE Hydrocarbons’ Lipid

December 4, 2018 |

In Canada, Forge Hydrocarbons Corporation (FORGE) announced that it has received a $4 million USD investment from Lockheed Martin under the Industrial and Technological Benefits (ITB) Policy. This investment enables Forge, a Canadian, Small and Medium-Sized Enterprise (SME) company to further development of its Lipid-to-Hydrocarbon (LTH) technology and to construct a first-of-kind, commercial plant with a production capacity of approximately 19 million liters per year (ML/y).

FORGE’s LTH proprietary production technology produces drop-in, renewable fuels that are indistinguishable from petroleum-based fuels and that are directly compatible with the current petroleum-based fuel infrastructure. Renewable fuels are an extremely important element in any country’s strategy to reduce its carbon footprint and to adhere with the Clean Fuel Standard to reduce Canada’s greenhouse gas emissions by 30 megatons by the year 2030.  FORGE’s LTH technology reduces greenhouse gas emissions by over 70% compared to petroleum-based fuels.

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Category: Producer News

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