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Clean World Fuels has been established to roll out a series of greenfield biofuels plants that utilize commercially proven 2ndgeneration biofuels technology to convert cellulosic biomass to high quality biofuel. Currently, liquid biofuels are predominantly generated at a commercial scale by using first generation technologies that require food based feedstock: bioethanol from cornstarch (in the United States) and sugarcane (in Brazil) or biodiesel from rapeseed oil (in Europe). For the first generation technologies, feedstock accounts for 50 to 80 percent of biofuel production costs, so its price has a huge effect on the producers’ returns. Recent increases in the price of such feedstocks that compete with the food value chain and withdrawal of subsidies in some countries have rendered most projects uneconomical and have highlighted the need for 2nd generation biofuels technologies that utilize cellulose based feedstock. Cellulose is found in all manners of vegetation, so cheap feedstocks—such as corn stover, sugarcane stalks (bagasse), and high-yield “energy crops” like switch-grass, energy cane (a relative of sugar cane), and wood—will become important feedstocks for biofuel production. Given the abundance of such feedstocks, Clean World Fuels aims to leverage a proven 2nd generation biofuels technology along with access to high quality feedstock to generate mobile grade biofuel that can be utilized in myriad industries. Clean World Fuels has a unique strategy to establish symbiotic relationships with local industries that produce feedstock as a by-product of their process. Among others, the main advantages of such a relationship with the feedstock supplier are lower feedstock costs, carbon intensity reduction of feedstock suppliers by utilizing green biofuel to satisfy their energy needs and integration of supply chain leading to security of feedstock supply. Clean World Fuels is in an advanced stage of developing its flagship project, a 170 million liters per annum biofuels facility in the island Lolland region in Denmark. Apart from the strong backing from the local authorities and close proximity to port Nakskov, the project site is proximal to one of the largest sugar production facilities in Denmark. Clean World Fuels will have a symbiotic relationship with the sugar facility, where it will receive the sugar-beet residue feedstock in lieu of part of the biofuel output. The sugar facility will utilize the biofuel to satisfy its intensive energy needs, while reducing its carbon intensity by replacing fossil fuel with green fuel. Having already secured an LOI from a major shipping company for the entire off-take of its first project, the off-take from future facilities will be sold to major oil, shipping and aviation companies. |
| Clean World Capital is a trading name of Providentia Capital LLP, which is authorized and regulated by the Financial Services Authority. |
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