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Pure Energy and Raven Biofuels International to merge
10th April, 2008
Furfural is a chemical compound derived from agricultural by-products, such as corncobs, oat, wheat bran and sawdust
The companies will use Pure Energy's technology to produce ethanol and furfural from several biomass sources. Furfural is a chemical compound derived from agricultural by-products, such as corncobs, sawdust, oat and wheat bran.
The combined company will operate under the Pure Energy name and trade under the symbol of RVBF.OB.
The two companies have a total of four plants under development using Pure Energy's technology, which uses a double dilute sulphuric acid pre-treatment to create separate streams of five and six carbon sugars and lignin. The five carbon sugars from the hemicellulose fraction will be converted furfural, while the six carbon sugars from the cellulose fraction will be fermented into ethanol. The lignin fraction, which has an energy content of 8,000 British Thermal Units per pound, will be burnt to provide process heat for the facilities.
'We are the first cellulosic ethanol company based on an oil refinery model where the same barrel of crude gives you both fuels and chemicals,' Irshad Ahmed, CEO of Pure Energy says. 'We view biomass as a raw material created by nature to support both fuel and chemical production.'
