Syntec and EERC to Develop Novel Technology to Produce Bio-Butanol From Biomass and Waste
07 Enero 2010 - 8:00AM
Marketwired
Syntec Biofuel Inc. (Syntec) (OTCBB: SYBF) is pleased to announce
that it has entered into a joint development program with the
Energy & Environmental Research Center (EERC) at the University
of North Dakota (UND) in Grand Forks for converting a wide variety
of biomass and waste into bio-butanol. The core process utilizes
Syntec's high-performance catalyst technology in conjunction with
an upgrading process exclusively licensed from the EERC Foundation.
Butanol has a high purity and energy level and can be used in a
variety of ways, including as a fuel in internal combustion
engines. Because its hydrocarbon chain is twice that of ethanol, it
is more similar to gasoline than it is to ethanol and thus
constitutes a superior fuel. Bio-butanol is also used as a solvent
for a wide variety of chemical and textile processes, as a chemical
intermediate for organic synthesis, as a base for perfumes and
paint thinners, and as a solvent in other coating applications.
"We are delighted to work with the EERC, a leader in the field
of biomass gasification and liquefaction able to contribute its
expertise to assist Syntec in our quest toward commercialization,"
said Michael Jackson, CEO of Syntec. "We are not aware of any other
company in the world that is developing a thermochemical process
utilizing nonfood materials to predominantly produce bio-butanol.
In a joint venture with DuPont, BP is building a demonstration
plant in the United Kingdom to convert sugar into bio-butanol. This
is concerning, as it uses food resources to produce fuel."
"The EERC is very pleased to be partnering with Syntec," said
EERC Director Gerald Groenewold. "Combining the EERC's expertise in
biomass conversion and butanol production with Syntec's unique
catalyst technology will provide an excellent commercial
opportunity to provide the world with an economical and sustainable
renewable fuel option."
Syntec is a Washington State corporation based in Vancouver,
British Columbia, Canada. Syntec has developed a thermochemical
process that breaks down sustainable, low-cost MSW, wood, and
agricultural waste into reactive components that form with Syntec's
patent-pending catalysts to produce ethanol, methanol, propanol,
and butanol. Syntec currently has one of the highest-yielding
catalysts within its sector.
The EERC is recognized as one of the world's leading developers
of cleaner, more efficient energy and environmental technologies to
protect and clean our air, water, and soil. The EERC is a
high-tech, nonprofit branch of UND and pursues an entrepreneurial,
market-driven approach to research and development in order to
successfully demonstrate innovative technologies and commercialize
them through its EERC Foundation and many clients. Since 1987, the
EERC has had nearly 1100 clients in 50 states and 51 countries. The
EERC's current research portfolio tops $236 million.
Forward-Looking Statements
This press release contains forward-looking statements that are
subject to certain risks and uncertainties. Although we believe
that the expectations reflected in any of our forward-looking
statements are reasonable, actual results could differ materially
from those projected or assumed. We caution potential investors not
to invest until they have done proper due diligence. Some of the
risks and uncertainties include: our ability to achieve
commercialization, the social, political and economic risks of our
operations; changes to existing regulations or technical standards;
existing and future litigation; our ability to protect our
intellectual property rights and exposure to infringement claims by
others; and compliance with environmental, health and safety laws.
Our future financial condition and results of operations, as well
as any forward-looking statements are subject to change and
inherent risk and uncertainties. Other important factors that may
cause actual results to differ materially from those expressed in
forward-looking statements are contained periodic reports on Forms
10-K, 10-Q and 8-K as filed with the Securities and Exchange
Commission.
Contacts: Syntec Biofuel Inc. Nancy Ross (604) 648-2092 (604)
648-2091 (FAX) nancy@syntecbiofuel.com www.syntecbiofuel.com
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