INEOS Bio gets $10.8 million funding for Waste-to-Ethanol UK Plant

INEOS Bio, considered as the 3rd biggest chemicals firm in the word, will be getting a grant of around $10.8 million to form part of the $76.7 million cost of construction of a commercial plant in Europe that will make use of their BioEnergy Process Technology that will convert waste to ethanol.

The funding comes after a feasibility study conducted by the Department of Energy and Climate Change or UK DECC which granted release of funds worth $6.6 million. Other investments will come from Regional Development Agency One North East amounting to $4.1 million.

The plant will be built in Tees Valley in the United Kingdom where the INEOS Seal Sands is. The factory is expected to come up with 30 million liters of carbon-neutral fuel and produce electricity that will be for expert amounting to 3 MW from about 100,000 tons of commercial and household biodegradable wastes. This amount of fuel production can cover for the electricity demand of about 6,000 households and 250,000 vehicles running on E10 fuel.

The advanced factory is scheduled to for completion by 2012 pending certain final agreements. The project will also create 350 construction jobs and 40 permanent positions when the factory is operational. There are also plans to integrate a biorefinery plant and high technology waste treatment come 2015.

The technology used by INEOS combines biochemical and thermochemical processes to complete the process of biofuel production using industrial and household waste materials.

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