Edeniq, a biomaterials and sustainable fuels company, and Pacific Ag, the leader in large-scale agricultural feedstock supply chains, announced today a five-year exclusive collaboration agreement to assist existing corn-based ethanol production facilities to add cellulosic ethanol production, thereby diversifying feedstock sources, enhancing long term production margins, and helping achieve the RFS2 goal of 36 billion gallons of biofuel production by 2022 in order to provide cleaner fuels, energy security and economic development in the US.
“This collaboration holds the potential to enhance the commercial viability of cellulosic ethanol production in the US,” said Brian Thome, the President and CEO of Edeniq. ”By combining Edeniq’s bolt-on production technologies for corn ethanol plants with Pacific Ag’s agricultural biomass supply capabilities, we will provide the best turnkey solution for today’s producers to economically integrate cellulosic production into their existing facilities.”
There are today about 200 operating ethanol plants in the US in 28 states. They produce nearly 14 billion gallons annually representing approximately 10% of all gasoline sold in the US. They rely almost exclusively on corn as a feedstock, a grain that has been subject to wide fluctuations in price and supply over the past decade, driven by competing end uses, market speculation and weather. In 2005, the Department of Energy issued its “billion ton” study. That study determined that U.S. agriculture and forest resources have the capability to produce at least one billion dry tons of biomass annually in a sustainable manner, enough to produce biofuels to meet more than one-third of the current demand for transportation fuels.
Bill Levy, founder and CEO of Pacific Ag, said, ”This collaboration agreement brings together two companies at the forefront of solving a big risk factor to commercial production of cellulosic ethanol: getting biomass from the field to the plant with maximum reliability and efficiency and successfully converting that biomass at a low per gallon capital investment for existing production facilities. For Pacific Ag, this potential market represents a key additional sector in our strategy to maximize the role of ag biomass in the nation’s energy supply.”
Edeniq is unlocking the sugar conversion process. Edeniq has developed technologies and processes to convert cellulosic biomass to low-cost, high-purity sugars. Edeniq uniquely combines biological and mechanical processes in a capital efficient solution that can be easily integrated into existing biorefineries. End markets include ethanol as well as other biofuels, biochemicals, and bio-based products. Edeniq currently sells or licenses its technologies to biorefineries in the US and Brazil. Edeniq was founded in 2008 and is headquartered in Visalia, CA, with locations in Omaha, Nebraska and the state of Sao Paulo in Brazil. More information can be found at http://www.edeniq.com.
Founded in 1998, PacificAg designs, builds and operates large-scale agricultural feedstock supply chains for two growing global markets: replacement of petroleum and other fossil sources in the creation of bioenergy, cellulosic biofuels, bio-based chemicals and other bio-based products; and the supply of forage crops for animal protein to feed the demands of an expanding global middle class. Its proprietary PowerStock Pro™ comprehensive supply chain management system seamlessly integrates grower contracting and relationship management, innovative equipment operations, utilization, and logistics with inventory storage and management as well as a suite of reporting capabilities. For more information, visit http://www.pacificag.com.