EPA Approves First Registration for D3 RINs From Edeniq Pathway Technology
September 12 2016 - 8:00AM
Business Wire
Pacific Ethanol is generating valuable D3 RINs
from cellulosic ethanol produced with Edeniq’s technology
Edeniq, Inc., a leading cellulosic and biorefining technology
company, today announced that the U.S. Environmental Protection
Agency (EPA) has approved Pacific Ethanol, Inc.’s (NASDAQ:PEIX)
registration of its Stockton, CA ethanol plant to generate D3
cellulosic Renewable Identification Numbers (RINs) using Edeniq’s
Pathway Technology.
“This approval is a landmark for the ethanol industry and our
company,” said Brian Thome, President and CEO of Edeniq. “This
opens the door for low-cost production of cellulosic ethanol from
corn kernel fiber in existing fermentation vessels to drive yields
to 3 gallons per bushel. While we have long heard the story –
‘Cellulosic ethanol will be here in five to ten years,’ Edeniq’s
Pathway Technology for profitably producing cellulosic ethanol is
here today. A 120 million gallon per year corn ethanol plant can
increase its revenue by up to $10 million or more through
integration of Pathway, with very little investment and a less than
one-year payback. This is a game-changer for the cellulosic ethanol
industry, which has historically focused on investing in new
plants.”
Edeniq’s Pathway Technology is the lowest-cost solution for
producing cellulosic ethanol from corn kernel fiber utilizing
existing fermenters at corn ethanol plants. Edeniq is the leader in
developing analytical methods to quantify cellulosic ethanol
co-produced with conventional ethanol during fermentation, which is
required to access regulatory value including D3 RINs, California
Low Carbon Fuel Standard (LCFS) credits, and the Second Generation
Biofuel Producer tax credit.
The Pathway Technology combination of cellulase enzyme and
Edeniq’s Cellunator high-shear milling equipment produces up to
2.5% cellulosic ethanol, up to a 7% increase in overall ethanol
yield due to yield enhancement from starch and cellulose, and up to
a 30% increase in corn oil recovery.
Pacific Ethanol began producing cellulosic ethanol at its 60
million gallon per year Stockton, CA plant in December 2015 using
the Pathway Technology. Neil Koehler, the company’s president and
CEO, stated: “The EPA-approved registration for generating
cellulosic ethanol and D3 RINs is an important milestone in our
strategy to be a leading producer of cellulosic ethanol. We expect
to produce over one million gallons per year of cellulosic ethanol
at our Stockton facility. With the high-value D3 RINs, the carbon
credit under California’s Low Carbon Fuel Standard, and the federal
Second Generation Biofuel Producer tax credit, we expect that
cellulosic ethanol production will materially contribute to the
profitability of our Stockton facility. As we confirm and optimize
our cellulosic ethanol production process, we will look toward
expanding this to other Pacific Ethanol plants.”
“Our Pathway Technology offers a very attractive value
proposition for every plant configuration,” said Cam Cast, Chief
Operating Officer of Edeniq. “Customer interest in our Pathway
Technology is very strong right now, and market adoption of our
technology in the U.S. alone could add over 300 million gallons per
year of cellulosic ethanol. We are excited to be working with
ethanol plants on several new commercial trials in addition to
previously announced licenses. Our team is inside plants on a
weekly basis working side-by-side with our customers, and our
pipeline continues to grow. We particularly want to thank the
Pacific Ethanol Stockton plant for their partnership in
commercializing the Pathway Technology.”
Edeniq is also pleased to announce the closing of a financing
round to support an accelerated roll-out of the Pathway
Technology.
About Edeniq, Inc.
Edeniq has developed leading processes for producing low-cost
cellulosic sugars and cellulosic ethanol. Edeniq’s capital light
and operationally efficient solutions can be easily integrated into
existing biorefineries that produce ethanol, other biofuels,
biochemicals, and/or bio-based products. Edeniq currently sells or
licenses its technologies to biorefineries in the United States.
Edeniq was founded in 2008 and is headquartered in Visalia,
California with a field office in Omaha, Nebraska. More information
can be found at www.edeniq.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160912005414/en/
Edeniq, Inc.Lily Wachter, 559-302-1777lwachter@edeniq.com
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