When people speak about ethanol production, they're often concerned about competing with millions of people for corn, a crucial food source. That is, until now. Third generation biofuel maker
INEOS Bio just announced that its $130 million Indian River BioEnergy Center in Vero Beach, Florida, is producing commercial quantities of transportation fuel from cellulosic biomass that is nonfood, landfill waste. Eight million gallons of cellulosic ethanol, to be exact. The INEOS concept also beats out other ethanol technologies by having three revenue streams: the first and second profitably produce ethanol, while getting paid to take in plant waste (tipping fees) diverted from a nearby landfill. And the third uses the heat generated by the process to produce 6 megawatts of power, enough to run the entire facility and still sell excess power to the local community. "They have successfully addressed the challenges of moving a new technology to large production scale for the very first time,"
said Peter Williams, CEO of INEOS Bio and Chairman of INEOS New Planet Bioenergy
The DOE incubated INEOS Bio's core technology
Since the Vero Beach plant was backed by the DOE with a $50 million stimulus grant as well a guarantee on $75 million in loans through the US Dept. of Agriculture, it's no surprise that Secretary Ernest Moniz praised the achievement, saying, "Unlocking the potential for the development of all of America's rich energy resources is a critical part of our all-of-the-above energy strategy." The project's gasification-fermentation technology has its roots in a University of Arkansas research project, supported over fifteen years by a $5 million Energy Department investment. This generated a number of patents, which became the core intellectual property purchased by INEOS Bio in 2008. This video explains INEOS's proprietary process: