Chemrec: 50 Hottest Companies in Bioenergy candidate profile
Chemrec
Based in: Sweden
2008-09 ranking: Unranked
Business: Entrained flow gasification of black-liquor to produce mixed alcohols, ethanol, methanol, dimethyl ether, FT diesel. Alliances with Volvo , Total. Major investors. Vantage Point Venture Partners, Environmental Technologies Fund, Volvo Technolgy Transfer
Model: Technology provider, biorefinery developer and co-owner.
Past milestones:
1. $20 million funding C round in Q08
2. Development plant in Pitea Sweden achieved 10,000 hours of run-time
3. groundbreaking for BioDME plant
Future milestones:
1. Swedish Energy Agency grant of 400 million SEK (US$ 55 million)
2. Begin commercial scale plant at Domsjo Ornskoldsvik Sweden
3. sign commercial scale biorefinery in southeast USA
Metrics: Annual revenues 2009 (projected – 7 million SEK/$1 million), 2008, (4 million SEK/$517K) 2007 (3 million SEK/ $435K)
Chemrec quotable quotes:
“Proven technology operating at scale, integrated biorefinery design and co-ownership model.”
“America has been slower than Europe and Asia to catch on to DME as a motor fuel, as DME technology research and development in those areas are mostly government funded, but it is the belief of DME supporters in the U.S. — from government energy researchers, academics and industry — that DME and in particular BioDME has an important role to play in America’s security and energy sustainability.”
“Unlike conventional DME produced from fossil-based feedstocks, BioDME made through the Chemrec black liquor gasification technology – black liquor is a waste stream of the pulping process – uses residual forestry biomass as its feedstock, thus no foodstocks or farmable acreage is used. BioDME offers a very high reduction of carbon dioxide emissions — around 95% — compared to conventional diesel fuel, and it can be produced with very high conversion efficiency at relatively moderate capital cost. Chemrec recently broke ground for a demonstration BioDME plant in Piteå, Sweden, and the plant is expected to be producing BioDME and methanol in 2010.”
“The Chemrec BioDME project will not only be a technical demonstration but will also showcase the opportunity for the pulp and paper industry to play a major role in the production of high-value, high-performance biofuels from low quality forest and agricultural residues,” LeBlanc said. “It is the proven capability of the Chemrec process and its advantages to the paper industry that has attracted the attention of mill owners, investors and state governments in the U.S. and who want to bring this technology to their states.”
The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites. Reader response will count for 50 percent of a company’s overall score in the preparation of the rankings. The remaining 50 percent is voted by a panel of experts.
Information on registering your company for the “50 Hottest Companies in Bioenergy” rankings is here. While registration is not required, completing the candidate profile allows companies to augment information provided to the panel of selectors – registration form materials are also used to create candidate profiles that are published daily in Biofuels Digest.
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