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Terrabon Supports White House Investment of $510M for Advanced Drop-in Biofuels Development

Published on 2011-08-22. Author : SpecialChem

HOUSTON -- Terrabon, Inc., a Houston-based bioenergy company, has announced its support for the declaration made by the White House recently, that the U.S. Departments of Agriculture, Energy and Navy will invest up to $510 million during the next three years to produce advanced drop-in aviation and marine biofuels to power military and commercial transportation.

"The Obama Administration should be applauded for its significant investment in the development of advanced drop-in biofuels that will help our country to one day achieve independence from foreign resources while providing thousands of new jobs for American workers," said Gary Luce, CEO, Terrabon. "The administration has provided a great next step for further commercialization of biofuels, and supports job creation and economic stimulus through high-growth, innovative biofuel development companies like Terrabon."

Terrabon's advanced bio-refining technology, MixAlco®, converts low-cost, readily available, non-food, non-sterile biomass into valuable chemicals such as acetic acid, ketones and alcohols. The company works closely with investment partners Waste Management and Valero to obtain feedstock from the waste stream and process it into renewable drop-in transportation fuels. Terrabon also announced in July 2011 a $9.6 million award by Logos Technologies and the Defense Advanced Research Projects Agency (DARPA) to create 6,000 liters of jet fuel through the use of MixAlco®.

"Due to the administration's investment in biofuel development, Terrabon has been granted the opportunity to continue leveraging the alcohol-to-jet pathway created for our partners Logos Technologies and DARPA while strengthening our biomass-to-biofuel relationships with Waste Management and Valero," continued Luce. "However, this announcement does come with its own set of challenges as Terrabon and other companies within our market will have to determine a realistic and effective manner of working within the complexities of three federal agencies while ensuring economics are guiding the process, not politics. That said, we are very excited about the industry investment and support the administration's desire to create innovative and cost-effective biofuel technologies that produce green transportation fuels."

About Terrabon, Inc.

Terrabon, Inc. is a bioenergy technology company formed in 1995 to commercialize three technologies developed by the Texas Engineering Experiment Station, a member of the Texas A&M University System. Terrabon plans to deploy these cutting-edge technologies through licensing and joint venture arrangements. Its MixAlco® technology converts biomass to green gasoline. AdVe™ is a water desalination process that utilizes advanced vapor-compression evaporation to desalinate salt water into potable water. SoluPro™ is a bio-products process that converts inexpensive protein-bearing waste material into animal feed and "green" commercial adhesives. These technologies are exclusively licensed to Terrabon by the Texas A&M University System through its Office of Technology Commercialization.

Source: Terrabon


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