The commercial scale facility is valued at over $100m and will be located in Vero Beach.

The facility will produce eight million gallons (24kta) of third-generation ethanol and six megawatts (gross) of renewable energy annually from renewable biomass including yard wastes and municipal solid waste, wood and vegetative wastes.

The BioEnergy Center is expected to start production in 2012, and the project has already received its major permits and approvals from the State of Florida and the US government.

INEOS New Planet BioEnergy is a joint venture between INEOS Bio and New Planet Energy.