According to the sound of economic reports, focus on new energy technologies of equity investment, a private equity firm emperor yesterday (9) Watson announced, the investment of the fuel ethanol production technology enterprise TMO by cofco Co., LTD. And China national offshore oil corporation two big state-owned giants selected for technology partners, and has respectively with the cofco and cnooc\’s new energy investment company signed a joint technical development agreement. Agreement, TMO will provide cellulose ethanol proprietary technology, and and partners to complete with cassava slag and cassava straw as raw material for the test to work for the construction of Chinese commercial cellulosic ethanol projects, complete process design and prepare the project feasibility study report, provides as decision-making basis for Chinese partners.

Compared to the main use starch, sugar crops generation technology, the second generation bioethanol technology in effective source of realizing that the larger breakthrough. The second generation bioethanol technology mainly USES such as straw, agricultural product processing waste containing cellulose and hemicellulose biomass as raw materials, be helpful for alleviating biofuels production enterprises and people to reclaim land for food, and the situation, and open utilization of urban living garbage, cassava straw, GanZheZha has cellulose material to produce fuel ethanol new technology, have relatively broad development prospects. TMO as cellulose ethanol research and development, production and technology promotion of integrated service providers can be, and is currently world wide use of cellulose ethanol commercialization of minority one of enterprises.

Cofco and cnooc previous project are settled in guangxi. Cofco of bioethanol project is located in guangxi north sea. Its production of biomass materials used from cofco beihai cassava ethanol factory produces industrial waste – cassava slag. Beihai cassava ethanol plants currently capacity of 200,000 tons cassava ethanol, the factory produces the rich in cellulose and hemicellulose cassava slag will be enough to meet the 30,000 tons of production capacity of cellulosic ethanol. Cnooc\’s bioethanol project is located in guangxi nanning. Cnooc in the construction of the area, the cassava planting base positive preparation for raw materials already cassava ethanol projects. Recently, the joint test agreement signed with cassava straw as raw material, jointly completed make full use of cassava starch and cellulose composition containing happenstance, the production of fuel ethanol from commercial projects.

China\’s cellulose ethanol market holds enormous business opportunities. Emperor JiangYaChen Chinese partners fund Watson said: \”China\’s future will become the world\’s largest cellulose ethanol market. But cellulosic ethanol production is higher technical doorsill. In order to and grain, cnooc such large enterprises have reached the deeper cooperation, we did a lot of research and communication work, for TMO the feasibility of the technology further validation. These two agreement is exciting, it allows parties have the opportunity to work together, to the commercialization of cellulosic ethanol forward.\” Emperor Watson fund is the TMO company Chinese investors and business partner, in the promotion and negotiations TMO technology played a key role.

The CEO of TMO Hamish Curran said, hope to be able to work out the immediately provide for Chinese partner, the commercial production of technical solutions. And two big Chinese partner cooperation will make the technology in unprecedented platform can cast, in order to promote the Chinese ethanol industry technology upgrades.

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