Navigation Links
NextCAT secures license agreement for advanced biofuel technology from Wayne State
Date:2/23/2011

NextCAT Inc., a Detroit-based company, announced that it has secured a license agreement for advanced biofuel catalyst technology developed at the National Biofuels Energy Lab at Wayne State University.

The license agreement will allow NextCAT to commercialize a class of catalysts that enable biodiesel producers to use cost-effective raw materials such as waste vegetable oil, animal fats and residual corn oil, and convert them into biodiesel. This technology offers a unique process solution for an industry that has been mostly idled in the United States since 2008, when rising feedstock prices rendered the production of biodiesel uneconomical. With a cost savings of at least $1 per gallon over traditional diesel fuel, the NextCAT solution greatly changes the economics of a biodiesel plant.

NextCAT recently secured seed funding from Automation Alley to begin the design, build and installation of a reactor at an idle biodiesel plant in Michigan. With this investment, along with other investments and grant funding, including awards from the National Science Foundation, NextCAT has received more than $800,000 to bring this technology to market.

In addition to the cost and energy savings associated with biodiesel fuel, there are several advantages that make it a smart choice to manufacture and use. Biodiesel is nontoxic and biodegradable and therefore is environmentally safe. Advanced biofuels, in general, are produced domestically, thus lessening dependence on foreign oil. Also, producing advanced biofuels can stimulate the local economy through job creation in farming, transportation and production.

"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.

"The NextCAT technology offers an exciting alternative to the current biodiesel fuel production process," said Hilary Ratner, Ph.D., vice president for research at Wayne State University. "With this license agreement in place, NextCAT can now take the technology to the next level and ultimately make a major impact on our environment as well as our economy."


'/>"/>

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

Related biology news :

1. NextCAT Inc. secures $250,000 to commercialize biodiesel technology developed at Wayne State
2. National Institutes of Health Secures Armory with Patent-Pending Technology
3. Parente Randolph Secures Access to New Corporate Headquarters With BIO-key(R) Biometric Identification
4. Isogenic cell models for cancer research exclusively licensed to Horizon Discovery
5. Dow Agrosciences licenses exclusive novel crop enhancement technology
6. Auxogyn licenses noninvasive embryo assessment technology from Stanford University
7. Brown licenses potential muscular dystrophy treatment to Tivorsan Pharmaceuticals
8. U of M licenses unique plant protection product
9. Flower-dwelling yeast licensed for use against scab disease
10. Max Planck Innovation awards license for actin marker LifeAct
11. NJIT licensee invents industrial process for grinding cement and other cementitious materials
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/3/2016)... 2016  Neurotechnology, a provider of high-precision biometric ... Biometric Identification System (ABIS) , a complete system ... ABIS can process multiple complex biometric transactions with ... fingerprint, face or iris biometrics. It leverages the ... MegaMatcher Accelerator , which have been used ...
(Date:4/26/2016)... and LONDON , ... Finacle, part of EdgeVerve Systems, a product subsidiary ... Onegini today announced a partnership to integrate the ...      (Logo: http://photos.prnewswire.com/prnh/20151104/283829LOGO ) ... provide their customers enhanced security to access and ...
(Date:4/15/2016)... -- A new partnership announced today will help life ... a fraction of the time it takes today, ... insurance policies to consumers without requiring inconvenient and ... rapid testing (A1C, Cotinine and HIV) and higi,s ... pulse, BMI, and activity data) available at local ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... June 23, 2016 /PRNewswire/ - FACIT has announced ... biotechnology company, Propellon Therapeutics Inc. ("Propellon" ... commercialization of a portfolio of first-in-class WDR5 inhibitors ... such as WDR5 represent an exciting class of ... precision medicine for cancer patients. Substantial advances have ...
(Date:6/23/2016)... YORK , June, 23, 2016  The Biodesign ... to envision new ways to harness living systems and ... Modern Art (MoMA) in New York City ... than 130 participating students, showcased projects at MoMA,s Celeste ... Paola Antonelli , MoMA,s senior curator of architecture ...
(Date:6/23/2016)... , June 23, 2016 Apellis ... Phase 1 clinical trials of its complement C3 ... single and multiple ascending dose studies designed to ... (PD) of subcutaneous injection in healthy adult volunteers. ... (SC) either as a single dose (ranging from ...
(Date:6/23/2016)... ... June 23, 2016 , ... ... and technical consulting, provides a free webinar on Performing Quality Investigations: ... 2016 at 12pm CT at no charge. , Incomplete investigations are still a ...
Breaking Biology Technology: