SucreSource will provide the process design package, equipment procurement and technical and engineering support for the cellulose to sugar plant, while GS Caltex will own and operate the facility.
The facility will process two tons of construction and demolition debris per day into cellulosic sugar, which will be converted into a high value chemical by GS Caltex’s proprietary technology.
SucreSource and GS Caltex have already commenced work on the project.
Once the initial facility is validated, SucreSource will work with GS Caltex to develop and build larger commercial scale facilities in Korea and around the world.
president and CEO Arnold Klann said the agreement validates SucreSource’s business model of selling its cellulosic sugars and, as in this case, sugar producing process to synergistic back end proprietary chemical companies to produce high value products.
BlueFire Renewables CTO John Cuzens said the two firms agree that this is the first step towards commercial deployment of cellulosic chemicals in South Korea and, potentially, their trading partners.
