SACRAMENTO, Calif., July 26, 2011 /PRNewswire/ -- Synterra Energy, Inc. announced today the merger of key intellectual property and assets for waste biomass conversion from Pacific Renewable Fuels and Chemicals (Sacramento, California) and Red Lion Bio-Energy (Toledo, Ohio). With the merger, Synterra will launch the commercialization of next generation integrated bio-refineries for the economic production of renewable fuels, chemicals and power from waste biomass in distributed plants.
"The Red Lion thermochemical conversion system and the Pacific Renewable Fuels and Chemicals catalytic synthesis process are industry leading technologies in their own right," said Robert Schuetzle, CEO of Synterra Energy, Inc. "The integration of our two technologies creates a seamless proprietary biomass conversion system under a single commercial provider. The resultant innovative process integration is a design that provides process efficiencies, lowers unit capital cost, reduces the risk of securing adequate feedstock supplies, and mitigates technology risk of mixing and matching multiple platforms from separate process vendors."
In 2009, the Synterra team, along with its project partners, was awarded a $25 million Department of Energy grant to demonstrate the commercial readiness of its integrated bio-refinery (IBR) technologies. The 30-barrel per day demonstration project was initiated in 2010 and is the third scale up of the Synterra technologies, following years of R&D and pilot plant operations.
Synterra's integrated bio-refineries produce renewable fuels, chemicals and/or electricity with less impact on the environment and higher energy efficiency compared to other conversion processes. As an example, Synterra's synthetic diesel is a high-quality, zero -sulfur renewable fuel that is a direct replacement for conventional petroleum-derived diesel, with 89% lower greenhouse gas emissions than petroleum derived diesel fuel.
"Synterra Energy and its legacy organizations, Pacific Renewable Fuels and Chemicals and Red Lion Bio-Energy, have recruited top technical and business veterans from the alternative energy, petrochemical, multi modal transportation and logistics, catalyst, and environmental industries with extensive experience in research, development, demonstration and commercialization of new technologies. With this talented team of professionals, Synterra's integrated approach to process design and experience in modularization of distributed plants, we have a compelling formula for further commercial success," states Synterra Energy Chairman, Alex Johnson.
|SOURCE Synterra Energy, Inc.|
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