Navigation Links
NextCAT Inc. secures $250,000 to commercialize biodiesel technology developed at Wayne State
Date:1/27/2011

DETROITJanuary 26, 2011. NextCAT Inc., a Detroit-based company, announced that it has received $250,000 in seed funding from Automation Alley in Troy, Mich. NextCAT is commercializing biodiesel catalyst technology developed at the National Biofuels Energy Lab at Wayne State University that will allow biodiesel producers to use cost-effective raw materials.

Founded in 2009, NextCAT is commercializing a class of catalysts that enable producers to use a wide variety of inexpensive feedstock such as waste vegetable oil, animal fats and residual corn oil, and convert them into biodiesel. NextCAT offers a unique solution for an industry that has been mostly idled in the United States since 2008 when rising feedstock prices and the price drop of petroleum diesel made the production of biodiesel uneconomical. With a cost savings of at least $1 per gallon, the NextCAT solution greatly changes the economics of a biodiesel plant.

"We have a technology that has been proven in the lab by the science team at Wayne State University's National Biofuels Energy Lab," said Charles Salley, CEO of NextCAT Inc. "This seed funding from Automation Alley allows us to begin to design, build and install a reactor in an idle biodiesel plant in Michigan. This investment of $250,000 in NextCAT from Automation Alley brings the total amount of investment funding to date to $600,000. Additionally, we have been awarded $205,000 in grant funding."

"The science team of Dr. Steven Salley, associate professor of chemical engineering, College of Engineering, Dr. Shuli Yan, research director at NextCAT, and I are excited to see our technology progressing toward usage by the biodiesel producers, and we look forward to a successful production demonstration later this year," said Simon Ng, Ph.D., chief technology officer at NextCAT, interim associate dean for research in Wayne State's College of Engineering and the technology's co-inventor.


'/>"/>

Contact: Julie O'Connor
julie.oconnor@wayne.edu
313-577-8845
Wayne State University - Office of the Vice President for Research
Source:Eurekalert

Page: 1

Related biology news :

1. National Institutes of Health Secures Armory with Patent-Pending Technology
2. Parente Randolph Secures Access to New Corporate Headquarters With BIO-key(R) Biometric Identification
3. March of Dimes awards $250,000 prize to scientist who discovered how to reprogram human cells
4. March of Dimes awards $250,000 prize to scientists unraveling the causes of muscular dystrophy
5. Biotech collaboration established to commercialize research reagents
6. UD start-up company prepares to commercialize novel detector for medical, military applications
7. CSIRO deal to commercialize artificial gut
8. Team of chemists produces biodiesel at their university, using used cooking oil as a basis
9. Brown University chemists simplify biodiesel conversion
10. Rutgers-Camden professor engineers E. coli to produce biodiesel
11. Fungus among us could become non-food source for biodiesel production
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/5/2017)... YORK , April 5, 2017 Today ... is announcing that the server component of the HYPR ... known for providing the end-to-end security architecture that empowers ... HYPR has already secured over 15 million ... makers including manufacturers of connected home product suites and ...
(Date:3/30/2017)... The research team of The Hong Kong ... identification by adopting ground breaking 3D fingerprint minutiae recovery and matching ... and accuracy for use in identification, crime investigation, immigration control, security ... ... A research team led by ...
(Date:3/24/2017)... 24, 2017 The Controller General of Immigration from ... Abdulla Algeen have received the prestigious international IAIR Award for the ... Continue Reading ... ... Controller Abdulla Algeen (small picture on the right) have received the IAIR ...
Breaking Biology News(10 mins):
(Date:4/24/2017)... Linda, Ca (PRWEB) , ... April 24, 2017 ... ... protect proteins from thermal denaturation in a cellular milieu; however, the broad application ... a lack of simple platforms with sensitive quantitative readouts. Cell-based thermal stabilization assays ...
(Date:4/21/2017)... ... April 21, 2017 , ... The University of Connecticut, in ... to three startups through the UConn Innovation Fund. The $1.5 million UConn Innovation ... with UConn. , The UConn Innovation Fund provides investments of up to $100,000 ...
(Date:4/21/2017)... ... April 21, 2017 , ... Frederick Innovative Technology Center, Inc. ... technology-based businesses, recently earned a $77,518 grant from the Rural Maryland Council (RMC) ... FITCI is Frederick’s first incubator. A non-profit corporation, FITCI is a public-private partnership ...
(Date:4/20/2017)... ... April 20, 2017 , ... USDM Life Sciences , the leading risk ... industries, is pleased to announce Holger Braemer as Vice President of its ... based in Germany. , Braemer is an integral part of USDM’s expansion of ...
Breaking Biology Technology: