UOP and Ensyn expect to finalize terms for the venture in the fourth quarter of 2008. The joint venture (JV) company will offer Ensyn’s Rapid Thermal Processing (RTP) technology, which converts second-generation biomass like forest and agricultural wastes to bio-oil, also known as pyrolysis oil, for use in power and heating applications.
The JV is expected to accelerate research and development efforts to commercialize next-generation technology to refine the bio-oil into transport fuels such as green gasoline, diesel and jet fuel.
Jennifer Holmgren, director of renewable energy and chemicals at UOP, said: The widespread use of residual biomass, a clean, sustainable source of energy, is a major step forward to reducing our carbon footprint and broadening our energy resources.
