Vertimass, World Energy announce technology partnership
World Energy is exploring integrating Vertimass’ proprietary alcohol to renewable fuel technologies for the production of SAF, biobased diesel, green gasoline, renewable naphtha, and other renewable fuel products.
Through the agreement, the two companies will jointly develop projects to convert alcohols into hydrocarbon fuels using Vertimass’ technology. World Energy may subsequently license Vertimass technology for commercial production.
“We’re grateful to be working with the excellent team at Vertimass on what stands to be an important new process for converting a new source of feedstocks for our products,” said Gene Gebolys, CEO of World Energy. “Fats, oils, and greases have gotten biomass-based diesel and sustainable aviation fuel off the ground and will allow us to grow. But on land, rail, and sea, the need keeps growing for ever-more access to low-carbon fuels. To provide that, we will need to be continuously collaborating and innovating to find new and better solutions. To that end, we’re thrilled to be doing this work with Vertimass.”
Charles Wyman, president and CEO of Vertimass, added, “Partnering with World Energy will create a mutually beneficial relationship for the two companies, ultimately allowing for increased production of low carbon fuels.”
Vertimass Chairman Bill Shopoff additionally noted, “As the demand and need for sustainable fuels can only continue to increase, we are delighted to develop this relationship with World Energy so we can work together to make a significant impact on reducing carbon emissions and reducing aviation’s impact on global climate change.”
Vertimass’ technology sustainably produces vital fuels and chemicals from methanol, ethanol, and other renewable alcohols with high yields that can dramatically reduce greenhouse gas emissions compared to sourcing these products from petroleum. The simplicity of this single reaction stage results in low capital and operating costs. The technology originated from Oak Ridge National Laboratories operated by UT-Battelle, with Vertimass obtaining worldwide exclusive rights in 2014.
Vertimass technology for producing jet fuel and chemicals from methanol derived from carbon dioxide offers ethanol producers, electrical power generation facilities, cement producers, and other sources of carbon dioxide release the ability to reduce greenhouse gas footprints. In addition to helping lower carbon footprints, jet, diesel, and gasoline fuels and chemicals derived from renewable alcohols can improve strategic security, rural economies and international competitiveness.