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.
Uniqueness, Technology overview, barriers to competition
The technology will reduce the cost of low grade waste wood disposal and generate inexpensive cellulose, sugars and clean lignin for the bio-plastics, bio-fuel and other bio-renewable industries. Our main advantage over other lignocellulose fractionation technologies is a more cost-effective and more flexible process that can treat many different and low-cost input materials in a one-size-fits-all system.
Market size and analysis
The potential value held in currently non-recycled wood in the EU is around £3.5 billions, 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 fibers industries, with global markets of £25 billions (by 2024) and £35 billions (by 2025), respectively.
Other feedstock markets that can be used in the BioFlex process and will be attractive in the future include forestry residues, dedicated biofuel crops (e.g. Miscanthus or switchgrass), or agricultural residues (rice straw, sugarcane bagasse, wheat straw, corn stover), representing a total market worth ca. £250 billions.
|First Name||Last Name||Job Title||Impressive Facts|
|Dr Florence||Gschwend||CEO||Forbes 30under30, RAEng Enterprise Fellow|
|Dr Agi||Brandt||CSO||Inventor and academic at ICL|
|Dr Jason||Hallet||Scientific Advisor||Chemical Engineer, world expert in sustainable chemical technology.|
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