Under the agreement, PetroAlgae will use integrated hydropyrolysis and hydroconversion technology (IH2) for the conversion.
The combination of two technologies results in an integrated system that produces cellulosic gasoline, diesel and jet hydrocarbon fuels and/or premium blend stocks that are virtually indistinguishable from petroleum based fuels.
PetroAlgae’s micro-crop technology is designed to enable its licensees to produce a high-value protein product and residual biomass which may be converted to cellulosic hydrocarbon fuels and/or blend stocks through the IH2 technology at commercial scale.
The companies have agreed to continue to optimize the combined capability of their respective biomass production and conversion processes.
PetroAlgae is a provider of licensable commercial micro-crop technology globally.
