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Developers target Ukraine for integrated feedstock and biofuel refinery

Developers target Ukraine for integrated feedstock and biofuel refinery.

English
(c) 2010 Elsevier Engineering Information www.ei.org [http://www.ei.org]

Alternativa (IOM) Ltd (Alternativa) and GreenShift Corp have jointly announced that they have entered into an exclusive supply and cooperation agreement for the purpose of designing and developing sustainable integrated feedstock and renewable energy production facilities. The companies will initially focus on selected geographies throughout the world that have both abundant undeveloped biomass-derived feedstock resources and the downstream supply-chain infrastructure needed for robust distribution and use of renewable energy and other biomass-derived products at scale. The first planned facility is planned for Ukraine, and will be designed to process rapeseed into substantial quantities of renewable fuels, edible oils and animal feed in an environmentally-friendly fashion. While the development of the Ukrainian project is at an advanced stage, Alternativa is evaluating several additional sites for development of similar facilities in Russia and Canada.

Each site will be designed to cost-effectively refine undeveloped first-generation biomass resources into value-added carbon-neutral products, but also to include fully-integrated applications of innovative second- and third-generation feedstock production and refining technologies, such as GreenShift's patented and patent-pending oil extraction and Cellulosic Oil technologies. The Ukraine project has the potential to pioneer Ukraine's move to renewable energy, while providing economic stimulus, increased employment and a valuable contribution to addressing the challenges posed by global climate change. GreenShift focused on feedstock development years before the rest of the market, and has since invented and commercialised technologies that have created the first scalable large-quantity, second-generation feedstock model world-wide, a model the US EPA recently predicted will contribute an incredible 680 M gallons/y of feedstock to the renewable fuels industry by 2022. Rapeseed oil is an excellent feedstock for biodiesel, with applications in transportation, heating and energy production. The natural oil content of rapeseed is about 42%, among the highest of biodiesel feedstocks. The market for rapeseed in the European Union is strong, and is characterized by high prices resulting from significant localized demand for rapeseed oil for food and biofuel uses. The volume of rapeseed production has grown substantially in recent years within Ukraine, as the Ukraine government has focused on renewable fuel production. Alternativa's Ukraine project can be expected to provide a strong, stable base of local demand that Ukraine growers can rely on to increase rapeseed crop production to serve the domestic requirements of Ukraine as well as exports into the European Union. Alternativa (IOM) Ltd is the latest company to be established by the former Chief Executive Officer of Landkom International PLC, a company he built to become one of Ukraine's leading rapeseed growers. GreenShift Corp develops and commercialises clean technologies designed to address the financial and environmental needs of its clients by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions.

Date:  20.03.2010

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