High feedstock and processing cost are hindering large-scale production of renewable chemicals and fuels. Typically, raw material cost (e.g. corn) is the main cost driver, contributing ca. 50% of the final product cost. At the same time, only 50% of waste wood is recycled in the industrialized world, with the remainder sent to landfill or incineration, contributing to environmental pollution and incurring high disposal fees. A main problem for the recycling of this wood fraction is the presence of heavy metals from paints and preservatives.
Market size and analysis
The potential value held in currently non- recycled wood in the EU is around £5bn, which could be unlocked by turning it into a raw material for the chemical industry using our technology. The main product from our process, cellulose, is a raw material for the bioplastics and biofuels industries, with global markets of £26bn (estimate, by 2024) and £40bn (2016), respectively.
|First Name||Last Name||Job Title||Impressive Facts|
|Dr Florence||Gschwend||COO||PhD in the technology, Forbes 30under30 Europe|
|Dr Agi||Brandt||CSO||Inventor and academic at ICL, Start-up business manager|
|Dr Jason||Hallet||Scientific Advisor||Chemical Engineer, world expert in organic salts and sustainable chemical technology.|
Get in touch
You need to log in or register to contact this startup.