Alliance BioEnergy Plus, Inc. (the company) has highlighted the company's research on the economics of its patented cellulose to sugar (CTS) conversion process compared to traditional corn-based cellulosic ethanol production and the financial benefits of its recent efforts to establish a local cellulosic ethanol production plant.
To adhere to RFS2 federal programme standards, ethanol-producing companies are required to increase their use of cellulosic-based sugar in an attempt to reduce use of corn-based sugars, which diminish the nation's food supply. As a result, producers are identifying new solutions to meet commercial cellulosic ethanol production requirements at a lower cost and higher volume than traditional ethanol, while utilising existing organic commercial and residential waste.
The company's competitive industry research found that using corn stover as feedstock for the enzymatic conversion process projected the cost of a gallon of ethanol to be well above US$3.50. Alliance's patented CTS process eliminates the need for pre-treatment, enzymes, liquid acids, applied heat and pressures, by utilising a mechanical/chemical system which processes multiple cellulosic feedstocks continuously, bringing the projected cost down by approximately 74% to only US$0.91/gal.
The company is negotiating to acquire the first plant of its own and intends to retrofit the facility to the patented CTS process by early 2018. With an initial capacity of 8 million gal./y of high quality cellulosic ethanol this new facility should generate profits upwards of US$25 million in year two, increasing to US$55 million in year five as capacity is doubled and US$112 million in year seven as it is brought to maximum capacity.
"We're excited to be leading the research and plant development efforts that could steer our society in a direction where we're no longer dependent on petroleum and can instead turn to non corn-based ethanol," said Daniel DeLiege, CEO, Alliance BioEnergy Plus, Inc. "We have a groundbreaking solution that allows us to create the fuel we need from the waste we don't, all at a cost that is significantly cheaper for commercial purposes. Ultimately, consumers will pay less to be more environmentally friendly."
The company is working with the County landfill to reuse organic commercial and residential green waste for ethanol production. The ability to shift away from carbon and to ethanol reduces a producer's carbon footprint by 80 – 90% however, with the company's ability to reuse waste, the carbon footprint is negated, creating a positive impact on the surrounding environment while supplying fuel.
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/16032017/alliance-bioenergy-highlights-new-cellulosic-ethanol-plant/