Igniting the Industrial Bioeconomy
Biofine has developed a cost-effective, carbon-efficient technique for conversion of renewable lignocellulose to chemicals and fuels hitherto made from fossil resources. By every accepted method of measurement the Biofine process exhibits a life cycle carbon saving of near 100% compared to equivalent fossil-based production. Economically and socially it has equally impressive credentials: Economically, it out-performs conventional fossil-derived systems. Socially, it has the potential to stimulate and rejuvenate both rural and rust-belt industrial economies. The Biofine technology, if adopted, presents the world with a unique opportunity to establish a truly sustainable value proposition with profound environmental, economic and social benefits.
In the light of unstable crude oil supplies and increasing environmental constraints, the use of abundant renewable cellulosic resources for energy, transportation and materials would appear to be an obvious strategy for industry to pursue. Provided that an efficient means of conversion and high volume markets for derivatives can be developed, use of plant and waste-derived raw materials to fulfill markets presently based on crude oil holds the promise of a highly profitable, sustainable industrial enterprise. In addition to this primary financial driver the use of renewable natural resources to displace crude oil as the main source of commodities has been receiving much attention due to a number of secondary benefits including:
- Domestic energy security – The use of domestically produced renewable resources could significantly reduce world dependence on crude oil imports from an increasingly uncertain global supply system. Even a partial displacement of imports would have the beneficial effect of buffering the market against increases in crude oil price.
- Stimulation of the rural economy – The increased demand for crops grown specifically to supply energy would provide a renewed profit potential for the farming industry.
- Stimulation of the recycling economy – The cellulosic component is the largest fraction of municipal solid waste. It is also the most difficult to recycle due to contamination from other co-mingled wastes . An efficient cellulose conversion process capable of using non-recyclable paper and cardboard would be key to improving the economics of the recycling business.
- Reduction in global warming and participation in World Carbon Credits– The use of renewable resources based on plant-derived matter is carbon dioxide neutral and would consequently eliminate increases in net greenhouse gas emissions due to fossil fuel use
- Environmental quality – The derivative chemicals from cellulose are for the most part oxygenated and biodegradable. This generally leads to cleaner burning fuels and more environmentally friendly materials..
- Ecological risk reduction – The use of domestically produced renewable resources will reduce or eliminate the ecological damage caused by drilling, transportation and refining of crude oil.