Circa Group’s ReSolute plant to increase bio-solvent Cyrene production to 80,000 tons per year

November 28, 2021 |

In Norway, Circa Group’s ReSolute will be the first of several industrial scale plants to be commissioned in a growth plan that will see manufacturing capacity of the bio-solvent Cyrene increase to 80,000 tons per year by 2030. Two further distribution companies are in discussions for offtake agreements – one for the UK markets and another for Australia and specific Asian country markets.

The announcement in October of increased costs to build ReSolute has led to a sharp focus on activities to address the capex increase. These include reviews of the process, optimisation activities, funding reallocation, grants and vendor financing. The internal review continues into Q4, with Circa continuing to evaluate options to increase plant productivity and efficiency, and to reduce plant opex.

“The review is providing an opportunity to refine technologies to increase yield, while char to energy approaches would reduce costs and reinforce our low carbon position. I am also very pleased with the strong support from the French government and local community for ReSolute. Increasingly positive market engagement, supported by our growing team is confirming Circa will play an important role in the transition to sustainable production of advanced bio-based chemicals,” says Tony Duncan, CEO of Circa Group.

Category: Fuels

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