August 10, 2015
BY Alliance BioEnergy Plus Inc.
Alliance BioEnergy Plus Inc. recently announced that it entered into a non-exclusive development agreement with Renewable Resources Development of America LLC for the construction and operation of up to 56 cellulose conversion plants both domestically and abroad utilizing the company’s licensed, patented CTS technology.
RRDA is a Delaware limited liability company with a background in construction, finance, municipal solid waste recovery, plastics, metals and papers recycling. The company's background also extends to chemical extraction from or for manufacturing, and cellulose material conversion into sugars for the manufacturing of bio-fuels, bio-plastics and other products. They are also developing business facilities using cellulose conversion technology.
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It is anticipated that the first CTS plant, under the agreement, will be located in central Georgia, breaking ground this fall and will process up to 1,000 metric tons a day of agriculture and forestry waste. RRDA is in advanced negotiations with local municipalities and expects to be fully operational by the second quarter of 2016.
In addition, RRDA and the company have entered into an agreement whereas RRDA will invest $4 million into the company in exchange for a 10 percent ownership stake in the company, 2 million warrants and a license to the first commercial plant to be built by RRDA in Vidalia, Georgia.
The company will use the funds to complete engineering, automate its demonstration facility in Longwood, Florida and file additional patents to accentuate its current family of patents. RRDA and the company will work together to complete the first commercial plant and develop additional plants under the agreement in the coming months.
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Daniel de Liege, CEO of the company, said, “We are extremely excited that the first commercial plant is being designed and will be up and running early next year.”
The U.S. Department of Energy Bioenergy Technologies Office (BETO) announced up to $23 million in funding to support research and development (R&D) of domestic chemicals and fuels from biomass and waste resources.
The U.S. DOE has announced its intent to issue funding to support high-impact research and development (R&D) projects in two priority areas: sustainable propane and renewable chemicals and algal system cultivation and preprocessing.
Sens. Sherrod Brown, D-Ohio, and Pete Ricketts, R-Neb., in August introduced the Renewable Chemicals Act, a bill that aims to create a tax credit to support the production of biobased chemicals.
The Chemical Catalysis for Bioenergy Consortium, a consortium of the U.S. DOE’s Bioenergy Technologies Office, has launched an effort that aims to gather community input on the development of new biomass processing facilities.
USDA on March 8 celebrated the second annual National Biobased Products Day, a celebration to raise public awareness of biobased products, their benefits and their contributions to the U.S. economy and rural communities.