Netherlands-based chemicals company Royal DSM NV (DSM) is planning to license its cellulosic ethanol technology following the completion of its first commercial plant.
The company claims that the facility is the first of its kind that produces biofuel using corn husks and other types of crop waste.
DSM expects the demand to surge in the wake of new US regulations that requires fuel producers to blend 36 billion gallons of biofuel with corn husks a year into their products by 2022.
In an interview with Bloomberg, DSM CEO Feike Sijbesma said that the new plant would produce 20 million to 25 million gallons of fuel a year from corn waste after it begins production due in early next year.
Currently fine-tuning the production process, the company expects to commence licensing of the technology following the commercial production, revealed Sijbesma.
"We believe we can make better deals in half a year," Sijbesma noted.
DSM is working in collaboration with Poet to develop $250m bio-fuel plant in Emmetsburg, Iowa. Following the operational commencement of the plant, the company is intending to open two to three more plants.