Fri, Dec 19, 2014, 3:20 AM EST - U.S. Markets open in 6 hrs 10 mins

Recent

% | $
Quotes you view appear here for quick access.

Valero Energy Corporation Message Board

  • bluecheese4u bluecheese4u Jul 31, 2013 7:51 PM Flag

    Ineos declares commercial cellulosic ethanol online in Florida

    Ineos declares commercial cellulosic ethanol online in Florida

    By Susanne Retka Schill | July 31, 2013

    The congratulations are coming in as Ineos Bio announced that its Indian River BioEnergy Center is now producing cellulosic ethanol at commercial scale. The first ethanol shipments will be released in August from the 8 MMgy facility in Vero Beach, Fla., that will also be generating 6 megawatts of electrical power.

    Construction of the facility was completed over a year ago, and commissioning began for the first-of-its-kind facility in June of 2012. While the company announced the power generation from the gasification unit was operational in November, the Ineos team spent much longer on the continuous syngas fermentation process producing cellulosic ethanol.

    Such a lengthy commissioning process is not uncommon in Ineos’ experience, explained Ineos Bio CEO Peter Williams. “It is quite normal to have a period of learning, especially with new technology,” he told Ethanol Producer Magazine. “What I’m describing here is more akin to a petrochemical process -- the continuous units, the gasification, the continuous fermentation, distillation, power generation.” In the more than 40 polymer plants that have been licensed by the parent global chemical company, Ineos, a lengthy commissioning is the norm, even with known technologies. “Our customers still say four years on average to build a plant, even knowing the site,” Williams said. “In that context, it doesn’t look abnormal at all, but it looks pretty quick, and we are pleased with our team.”

    “Everything we’ve done validates our views of the technology,” Williams added. “It reinforces our views of it being a very attractive value proposition as a technology for converting waste materials into bioethanol and energy, into power as well.”

    The project is a joint venture between Florida-based New Planet Energy Florida LLC and Ineos Bio, a division of global chemical company Ineos. The $130 million project received a $

 
VLO
47.07-0.72(-1.51%)Dec 18 4:07 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.