Under the agreement, the companies will pool their expertise and proprietary technologies to design and deploy on-site units for the processing of organic wastes into fuel-grade alcohols. The companies are jointly designing and building a pilot plant unit which will demonstrate the operation of the combined technologies during the first half of 2008. Oxford Catalysts’ technology will provide key links between the biogas generation and the alcohol synthesis steps.
The collaboration will generate a projected royalty income of up to £100,000 in 2008 for Oxford Catalysts based on subsequent sales of fuel-grade alcohols. This is expected to rise to £391,000 per facility when Novus Energy starts to bring its full-scale facilities on-stream.
Novus Energy forecasts its first full-scale facility to be operational in 2009-2010, and to roll out dozens of facilities over the following five years.
Roy Lipski, chief executive of Oxford Catalysts said: ‘We are delighted to be partnering with Novus Energy, who bring complementary technology and expertise to this exciting and innovative waste-to-energy alliance. Together we will address the rapidly growing need for truly renewable, clean, sustainable transport fuels, and share in the significant revenue potential which this opportunity presents.’