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INEOS BIO update 2011

INEOS BIO update 2011

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Published by Doris de Guzman
Update on INEOS BIO's cellulosic ethanol update published on September 19, 2011 on ICIS Chemical Business
Update on INEOS BIO's cellulosic ethanol update published on September 19, 2011 on ICIS Chemical Business

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Published by: Doris de Guzman on Aug 15, 2012
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INEOS Bio, the bioenergy arm of Swiss-headquartered chemicalscompany INEOS, expects itsjoint-venture project INEOS NewPlanet BioEnergy (INPB) to be thefirst to commercially produce andmarket cellulosic ethanol in theUS next year. INPB concluded allnecessary funding in August tocomplete the biorefinery con-struction in Vero Beach, Florida.The facility, expected to startup in the second quarter of 2012,will produce 8m gal/year (24,000tonnes/year) of cellulosic ethanoland 6MW/year of renewablepower using 150,000 tonnes/yearof biomass feedstock such as localyard, vegetative and householdwastes. The facility will useINEOS Bio’s feedstock-flexible bioenergy technology that uses acombination of gasification andfermentation technology.Electricity from the facility canprovide for 1,400 homes in thearea, Mark Niederschulte, INEOSBio’s chief operating officer, said.“We are about 25% completedwith the construction and should be finished by April 2012. Ac-cording to the US EnvironmentalProtection Agency (EPA), we arethe only producer that will be inthe cellulosic ethanol market nextyear,” Niederschulte added.He said the plant’s output isexpected to serve the Floridamarket. The state of Florida im-plemented a Renewable FuelsStandard on December 30, 2010which requires all gasoline soldor offered for sale in Florida by aterminal supplier, importer, blender or wholesaler to contain9–10% agriculturally-derived de-natured ethanol fuel by volume.“This translates to about 800mgal/year potential ethanol de-mand for Florida on a scale basis,” Niederschulte said. “Flor-ida is an attractive state for biofu-els given that this is one of thehighest driving states and one of the highest energy consumingstates in the country.”The project will cost about$130m (€95m). INEOS Bio hassecured $75m in financing, backed by a guarantee from theUS Department of Agriculture(USDA). The project was alsoawarded more than $52m in cost-matching grants.
CELLULOSIC SUPPORT
The cellulosic ethanol industrycould face funding challengesnext year amid talks of potentialcost-cutting measures in govern-ment funding and subsidies com-ing from the US Congress.Ethanol’s 45 cents/gal blender’stax credit and related 54 cents/galimport tariff are scheduled to ex-pire by the end of the year.Many industry analysts believesubsidies will be eliminated tohelp trim the government’s an-nual budget deficit and reducedebt. The debate on the viabilityof government-funded renewableenergy has become heated in thepast few weeks as several US so-lar-panel manufacturers such asSolyndra, Evergreen Solar andSpectraWatt filed for bankruptcy.Solyndra received a total of $527m in loans from the Depart-ment of Energy (DOE), reportedlythe largest recipient in the DOE’ssolar-funding portfolio.“With what we are seeing withthe Solyndra issue as well as thepossibilities of US biofuel subsi-dies being eliminated, it is goingto be tough for the DOE to justifyas to why they need to continueto fund renewable energy pro-grams,” Niederschulte said.“Our goal is to change thatopinion once we start our plant, but in the meantime it is going to be tough for the defenders of cel-lulosic ethanol industry to pointout the justification of fundingsupport given the lack of capacityavailable.” Niederschulte addedthat the challenge for cellulosicethanol commercialization comestwo-fold – it takes about 20 yearsto develop the technology, andthe recent economic downturnhas slowed infusion of capital.Still, the Obama administra-tion continues to keep cellulosic biofuels on life-support by prom-ising another $510m via the DOE,USDA and the Department of 
BIOFUELS
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ICIS Chemical Business
 
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September 19-25, 2011
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PETCHEMSIN BRIEF 
TWO DECK HEADINGTWO DECK HEADING
50 words or a NIB. 275 wordsor a ull column o NIBs includ-ing headline
ETHANOL
DORIS DE GUZMAN
NEW YORK 
INEOS Bio looks to start UScellulosic ethanol in 2012
Company expects to be the frst to commercially produce cellulosic ethanol in the US
“It will be tough [forthe DOE] to justifyneeds for continuous funding given the lack of current capacity”
MARK NIEDERSCHULTE
Chief operating officer, INEOS Bio
 
BIOFUELSIN BRIEF 
UOP BUILDS BIOMASSBIOFUEL UNIT IN HAWAII
US-based UOP, a subsidiary o Honeywell, started constructiono a biomass-based biouelsdemonstration unit in Kapolei,Hawaii. The biorefnery is sched-uled to begin production in2012 and will be ully opera-tional by 2014.
PETROBRAS TO BUILDBRAZIL ETHANOL PLANT
Oil and chemical company Petrobras and its partner SaoMartinho plan to build a 700mliters/year ethanol plantthrough a new joint-venturecompany Nova Fronteira Energiaor reais 520.7m ($306m,€224m). The project will alsoexpand Sao Martinho’s crush-ing capacity at Boa Vista rom2.3m tonnes o sugar to 8mtonnes by 2014–2015 harvest.
DYNAMOTIVE IN ASIANPYROLYSIS OIL MARKET
Dynamotive and Genting Bio-Oilwill explore development o thepyrolysis oil market or theSoutheast Asian region. Thecompanies will evaluate pos-sible construction o a commer-cial biouel plant includingbiomass quantifcation, charac-terization and evaluation or usein pyrolysis process, biouel pro-duction, and supply chain.
RSPO AIMS 5M TONNESOF CERTIFIED PALM OIL
The Roundtable on SustainablePalm Oil (RSPO) hit its frst 1mhectares (2.5m acres) o certifed sustainable palm oil(CSPO) production area in theworld. Global CSPO productionis now close to 5m tonnes,representing almost 10% o global palm oil production.
IMPERIAL PETRO INGREASE SUPPLY
Imperial Petroleum will securea two-year biodiesel eedstocksupply rom Green GreaseSolutions based in New Jersey,US, or Imperial’s Middletown,Indiana, biodiesel operations.
   I   N   E   O   S   B   i  o
INEOS Bio expects to be the only commercial producer in 2012

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