Alliance BioEnergy Plus, Inc. (ALLM or the company), has announced that it has entered into a Letter of Intent agreement (the agreement) with DcR Engineering Services, Inc. (DCR) to provide sales representation and support for the purpose of bringing ALLM’s cellulose to sugar (CTS) process technology to specific industrial and commercial markets, including those presently being serviced by DCR and those building new ethanol and sugar plants, and, providing engineering, installation and maintenance services to ALLM and their clients for the CTS bolt-on units.
General terms of agreement
The agreement will cover the more than 200 US existing ethanol plants and any new ones being built. DCR’s compensation for existing plants, that license/lease the CTS units, is from the build and installation performed and any additional business that can be cultivated. As for compensation from ALLM that DCR may receive, it is based on a percentage of the license/royalty fees that ALLM receives, only if the potential client that DCR introduces to ALLM licenses the CTS process from ALLM and builds a new free standing Greenfield plant or performs a Brownfield retrofit of an existing plant.
DCR will provide sales personnel to contact and make sales calls on existing US-based ethanol plants and introduce them to the CTS bolt-on process. DCR will introduce ALLM to sugar mills and other industries that would also benefit from incorporating the CTS process.
Portable demonstration unit
DCR will provide multi-discipline engineering and design, fabrication and assembly services to build one portable demonstration unit based on the CTS process, suitable for transporting from plant to plant, specifically for the purpose of sales demonstration. ALLM and DCR will fully collaborate on the design of the portable sales and demonstration unit.
Additional details of the final agreement will be made public following the filing with the Securities and Exchange Commission (SEC).
Daniel de Liege, CEO of Alliance, stated that, “I am extremely pleased that DCR, after extensive due diligence and discussions with their client base, has agreed to introduce their client base to the Alliance CTS process and to join Alliance in bringing the CTS process to the ethanol and sugar industries to name but a few.”
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/refining/17082016/dcr-and-alliance-form-patnership-to-promote-cts-process-3933/