The company intends to use ECO2 Kiri biomass to establish strategic partnerships with renewable energy providers and is currently negotiating joint venture opportunities with potential partners.
The key target for ECO2 Forests is to further expand the Global Forestry Plan with the goal of reducing the timeframe to deliver revenue from projects to less than two years.
Specifically targeted for use in biomass gasifiers, the Kiri biomass is heated but not burned, breaking down into various gases, which are captured and burnt in a gas turbine or generator to produce electricity.
Another approach is to take these fuels and run them through fuel cells, converting the hydrogen-rich fuels into electricity and water, with few or no emissions, the company said.
