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Owensboro and Accelergy form alliance

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Hydrocarbon Engineering,


Accelergy Corporation and Owensboro Grain LLC have announced an alliance to globally commercialise a suite of advanced biospecialty production technologies for a range of solvent, lubricant, and performance fluid products. The initial feedstocks will be soy-based but the companies plan to include a full range of bio-based feeds in the future.

Accelergy and Owensboro Grain recently completed a highly successful commercial scale demonstration project with a globally recognised leader in specialty chemicals production. The companies are now pursuing commercial applications in both domestic and international markets through a newly formed company, Owensboro Grain and Accelergy BioSpecialties LLC (OG&A BioSpecialties LLC). The companies intend to commercialise and market Biowax-PH™ and BioFAME-PH™ oleo-chemicals, together with a range of formulated renewable performance fluids for multiple industrial applications.

"This initiative is part of Accelergy's strategic plan to introduce a new class of renewable carbon-based technologies and formulated products with cost and performance properties that compete favourably with current day offerings," said Rocco Fiato, Accelergy's Chief Technical Officer. "Our platform is based upon Accelergy's Integrated ‘HDX’ Conversion Technology combined with significant contributions from a number of leading process technology providers in the oil and gas industry. The HDX platform includes a range of hydroconversion-based processes that change the overall molecular composition of the bio-feedstocks into high quality products. Accelergy's HDX technology portfolio includes a series of proprietary, patented catalysts and processes designed to control molecular composition and ultimate performance properties of the biospecialty products. The proprietary combination of our process systems, with the advanced catalyst and reactor technology from our partners, enables us to achieve high overall carbon utilisation efficiency and low production costs for key specialty markets."

"Owensboro Grain has a history of seeking opportunities for product diversification around our core business of soybean processing," said John Wright, Owensboro Grain's Executive Vice President. "We view the expansion into high performance specialty products as another step in the execution of this strategy. We believe Accelergy and their technology partners offer ‘state of the art’ platforms that will enable us to develop superior product offerings for the growing renewables market. We are excited to add Accelergy as a strategic partner as we continue to focus on broadening the market and customer base for Owensboro Grain's soy-based products."


Adapted from press release by Francesca Brindle

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/09082016/accelergy-allies-with-owensboro-grain-for-renewable-biospeciality-products-tech-3887/


 

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