EdeniQ: 50 Hottest Companies in Bioenergy candidate profile

EdeniQ
Based in: California
2008-09 ranking: Unranked

Business: EdeniQ supplies technology to the global biofuels industry that dramatically increases yields from today’s corn and sugarcane ethanol plants and ultimately enables the capital-efficient migration of these so-called “legacy producers” to full, non-food, cellulosic production. EdeniQ employs proprietary biological and mechanical processes that include low glycerol yeasts, SSF, proprietary enzymes, and proprietary comminution and desiccation devices. EdeniQ is primarily focused on cost-effectively converting cellulosic biomass into affordable C5 and C6 sugars that can then be processed into a wide variety of biofuels and biochemicals.  The company is pursuing technologies to convert C5 and C6 sugars into heavier fuels including jet fuel.

Model: Licensor.

Past milestones:

1. Commercialized yield enhancement technologies in the U.S, and Brazil
2. Advanced mechanical pre-treatment technology
3. Advanced SSF/enzyme technology

Future milestones:

1. Dramatically grow market penetration of our corn and sugarcane yield   enhancement products: Corn3 and Eden3
2. Build the demo for our CCM (Corn to -Cellulose Migration) solution.
3. Have SSF and enzymatic technologies ready for commercialization.

Metrics: Targeting $1.50 fuel cost without subsidies. Corn3 increases ethanol yields from corn by over 10%.  Eden3 increases ethanol yields from sugarcane by over 4%.

EdeniQ quotable quotes: “Capital efficient, low-cost, and fast-to-market. The cost of migrating “legacy” producers to cellulosic production is about half the cost of building green field cellulosic plants and can be done in about half the time. In a capital constrained global economy we are committed to leveraging the billions of dollars already deployed in “First generation” production.

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.

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