HONG KONG and LONDON, May 29,
2023 /PRNewswire/ -- EcoCeres, Inc., an Asia-based innovative bio-refinery company
with strong R&D capability, is excited to announce its first
shipment of 100% agricultural waste-produced cellulosic ethanol to
the European markets, a milestone the company achieved after
commissioning yet another ground-breaking facility in China. Cellulosic ethanol is an important
renewable blend substitute of gasoline.
This milestone distinguishes EcoCeres as a company capable of
producing a diverse range of renewable biofuels, covering
Sustainable Aviation Fuel (SAF), Hydro-treated Vegetable Oil (HVO)
and Cellulosic Ethanol. This achievement is made possible through
its in-house developed technology and own biomass refinery platform
positioned to meet the growing market demand and regulatory
requirements for renewable transportation fuels.
The shipment consists of 850 tons of cellulosic ethanol made
from agricultural waste primarily corn cobs, which reduces
greenhouse gas emissions by over 80% compared to traditional fossil
fuels and is in alignment with the European Union's Renewable
Energy Directive as an advanced biofuel.
"As one of the few companies globally with the capacity to
produce cellulosic ethanol at an industrial scale, EcoCeres is well
positioned to meet the growing demand for advanced biofuels," said
Philip Siu, Co-Founder and CEO of
EcoCeres. "This shipment of cellulosic ethanol signifies
EcoCeres' breakthrough success to reverse the lignocellulosic
agricultural waste back to its original sugar forms, paving the way
for sustainable aviation fuel to be produced through further
alcohol-to-jet conversion," he added.
"Our innovative approach to producing cellulosic ethanol
entirely from agricultural waste not only supports a sustainable
future, but also strengthens our position in the renewable fuels
market." said Dr. Bin Xu, COO of the Company's Agricultural
Waste Business. "Our unique differentiator is being able to
effectively separate hemicellulose, cellulose and lignin, using
each in high-value processes or end products, economically and
sustainably."
EcoCeres develops a proprietary technology path to convert
agricultural waste, such as corn cob and straw, into valuable
waste-based biofuels and biopolymers which drive the energy and
material transitions for attaining carbon neutrality.
In the International Energy Agency (IEA)'s Net Zero scenario,
production of advance ethanol would need to grow by 1,150% [or
12.5x] from 2021 to 2030[1]. This initial shipment of
cellulosic ethanol is an important step for EcoCeres evolving into
a world leading advanced bio-refinery on sustainable biomass.
About EcoCeres, Inc.
EcoCeres, Inc. ("EcoCeres") is an innovative biomass utilization
company with strong R&D capability and excellent ESG
performance, pioneering a sustainable bio-refinery model that
supports a greener and more sustainable future. The company
includes businesses of Bio-Grease Utilization and Agricultural
Waste Utilization. EcoCeres is committed to developing innovative
solutions to address global environmental challenges by
transforming agricultural waste into valuable biofuels and
biopolymers.
In January 2023, Bain Capital
Private Equity completed a significant equity investment in
EcoCeres, a transaction following an investment from UK-based
energy fund Kerogen Capital in February
2022.
For more information about EcoCeres and its groundbreaking
cellulosic ethanol technology, please
visit https://www.eco-ceres.com
[1] IEA
report, updated 2022-10-26,
https://www.iea.org/data-and-statistics/charts/liquid-biofuel-production-by-feedstock-and-technology-in-the-net-zero-scenario-2021-and-2030
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