Syntec and EERC to Develop Novel Technology to Produce Bio-Butanol from Biomass and Waste
January 07 2010 - 12:20PM
Business Wire
Syntec Biofuel Inc. (Syntec) (OTCBB: SYBF) is pleased to
announce that it has entered into a joint development program with
the Energy & Environmental Research Center (EERC) at the
University of North Dakota (UND) in Grand Forks for converting a
wide variety of biomass and waste into bio-butanol. The core
process utilizes Syntec’s high-performance catalyst technology in
conjunction with an upgrading process exclusively licensed from the
EERC Foundation.
Butanol has a high purity and energy level and can be used in a
variety of ways, including as a fuel in internal combustion
engines. Because its hydrocarbon chain is twice that of ethanol, it
is more similar to gasoline than it is to ethanol and thus
constitutes a superior fuel. Bio-butanol is also used as a solvent
for a wide variety of chemical and textile processes, as a chemical
intermediate for organic synthesis, as a base for perfumes and
paint thinners, and as a solvent in other coating applications.
“We are delighted to work with the EERC, a leader in the field
of biomass gasification and liquefaction able to contribute its
expertise to assist Syntec in our quest toward commercialization,”
said Michael Jackson, CEO of Syntec. “We are not aware of any other
company in the world that is developing a thermochemical process
utilizing nonfood materials to predominantly produce bio-butanol.
In a joint venture with DuPont, BP is building a demonstration
plant in the United Kingdom to convert sugar into bio-butanol. This
is concerning, as it uses food resources to produce fuel.”
“The EERC is very pleased to be partnering with Syntec,” said
EERC Director Gerald Groenewold. “Combining the EERC’s expertise in
biomass conversion and butanol production with Syntec’s unique
catalyst technology will provide an excellent commercial
opportunity to provide the world with an economical and sustainable
renewable fuel option.”
Syntec is a Washington State corporation based in Vancouver,
British Columbia, Canada. Syntec has developed a thermochemical
process that breaks down sustainable, low-cost MSW, wood, and
agricultural waste into reactive components that form with Syntec’s
patent-pending catalysts to produce ethanol, methanol, propanol,
and butanol. Syntec currently has one of the highest-yielding
catalysts within its sector.
The EERC is recognized as one of the world’s leading developers
of cleaner, more efficient energy and environmental technologies to
protect and clean our air, water, and soil. The EERC is a
high-tech, nonprofit branch of UND and pursues an entrepreneurial,
market-driven approach to research and development in order to
successfully demonstrate innovative technologies and commercialize
them through its EERC Foundation and many clients. Since 1987, the
EERC has had nearly 1100 clients in 50 states and 51 countries. The
EERC’s current research portfolio tops $236 million.
Forward-Looking StatementsThis press release contains
statements about future performance, events, or developments that
are also known as "forward-looking statements." Forward-looking
statements are based on current expectations, estimates, forecasts,
and projections about us, our future performance and the industries
in which we operate as well as on our management's assumptions and
beliefs. These statements are highly speculative and involve risks,
uncertainties, and assumptions that are difficult to assess. You
should not construe any of these statements as a definitive or
invariable expression of what will actually occur or result. For a
description of these and some other risks and uncertainties, you
should read the reports we have filed with the Securities and
Exchange Commission, including periodic reports on Forms 10-K, 10-Q
and 8-K. Except as required under the federal securities laws and
the rules and regulations of the SEC, we do not have any intention
or obligation to update publicly any forward-looking statements we
make, even if new information, future events, changes in
assumptions or any other reason would alter those statements.
Furthermore, we urge you not to invest in our company if in the
event the company failed your investment loss would affect your
living standards.
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