AE Biofuels and Merrick & Co. sign strategic agreement
January 1, 1970
AE Biofuels Inc., a vertically integrated biofuels company, signed a strategic agreement with Merrick & Co. to commercially implement AE Biofuels' patent-pending enzyme-based technology to convert nonfood biomass into ethanol and other materials through the design of new or the conversion of existing biofuels facilities. Merrick is a provider of engineering and architectural design-build, procurement, construction management and geospatial services. Under the agreement, the companies will work to deploy AE Biofuels' next-generation biofuels technology to address the demand for cellulosic ethanol created by the revised renewable fuels standard (RFS). The Energy Independence & Security Act of 2007 increased the RFS to 36 billion gallons of renewable fuels, the majority of which must be advanced biofuels.
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