{"id":71803,"date":"2020-02-19T06:45:43","date_gmt":"2020-02-19T05:45:43","guid":{"rendered":"https:\/\/rss.nova-institut.net\/public.php?url=http%3A%2F%2Fwww.biofuelsdigest.com%2Fbdigest%2F2020%2F02%2F13%2Fshell-ventures-invests-c30-million-in-university-of-alberta-lipid-to-hydrocarbon-spin-off%2F"},"modified":"2020-02-18T13:14:44","modified_gmt":"2020-02-18T12:14:44","slug":"forge-announces-investment-from-shell-ventures-and-valent-low-carbon-technologies","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/forge-announces-investment-from-shell-ventures-and-valent-low-carbon-technologies\/","title":{"rendered":"FORGE announces investment from Shell Ventures and Valent Low-Carbon Technologies"},"content":{"rendered":"

FORGE Hydrocarbons Corp (\u201cFORGE\u201d), a Canadian biofuel start-up, announces an equity investment from Shell Ventures and a follow-on contribution from Valent Low-Carbon Technologies, which will help build a first-of-its-kind CAD$30 million commercial-scale, biofuel production plant in Sombra, Ontario.<\/strong><\/p>\n

Clean technology<\/h3>\n

FORGE\u2019s patented Lipid-to-Hydrocarbon (LTH) technology creates renewable jet fuel, diesel and naphtha from waste fats and oils. FORGE\u2019s renewable diesel and jet fuels are greater than 90 per cent less carbon intensive than fossil-based diesel. They are cheaper to produce than conventional renewable diesel and are \u2018drop-in\u2019 ready, which means they require no specialized blending infrastructure.<\/p>\n

It is widely recognized that the global transport sector accounts for nearly 30 per cent of the world\u2019s energy use and around a quarter of global energy-related carbon dioxide emissions. Different fuels and types of vehicles will be needed to meet the ever-growing demand for transport, while reducing emissions. To continue supplying customers with the fuels they will need in the future, biofuels can play a valuable role in reducing carbon dioxide emissions from the transport sector over the decades ahead.<\/p>\n

FORGE is initially targeting the over four-billion-gallon mandated market in North America for renewable diesel and jet-fuels market. FORGE will tap into abundant, low-cost and often untapped lipid feedstocks.<\/p>\n

The technology was invented by Dr. David Bressler at the University of Alberta. It was licensed through TEC Edmonton to FORGE which was founded by biofuels entrepreneur Tim Haig, also founder of BIOX Corp, Canada\u2019s first commercial renewable diesel company, now a part of World Energy.<\/p>\n

Facility<\/h3>\n

The capacity of the Sombra production plant is 7.5 million gallons of renewable fuels annually. The project will create approximately 150 construction and engineering jobs during the build phase and more than 45 full-time jobs for the commercial operation of the facility.<\/p>\n

The Support<\/h3>\n

Shell Ventures joins FORGE\u2019s funders and collaborators including World Energy, Lockheed Martin, Valent Low-Carbon Technologies and Sustainable Development Technology Canada.<\/p>\n

The research, development and first pilot facility that enabled Lipid-to-Hydrocarbon technology were made possible by a series of provincial and federal investments from Natural Sciences and Engineering Research Council of\u00a0Canada, Western Economic Diversification Canada, Alberta Economic Development, Trade and Tourism, Alberta Livestock and Meat Agency, Alberta Innovates, Future Energy Systems: University of Alberta, Natural Resources Canada and Mitacs.<\/p>\n

QUOTES<\/h3>\n

\u201cWe know that oil under the earth\u2019s crust was created from lipids without expensive catalysts and hydrogen. FORGE mimics nature\u2019s processes, except that we do it in hours not millions of years.”
\n\u2014 Tim Haig, Founder & CEO, FORGE Hydrocarbons<\/p>\n

\u201cBiofuels are critical in the move to lower-carbon marine, aviation and heavy-duty transport. Collaboration will be key to a successful energy transition and Shell\u2019s investment in FORGE to progress this commercial-scale project can help accelerate this technology.\u201d
\n\u2014 \u00a0Andrew Murfin, General Manager Advanced Biofuels at Shell<\/p>\n

\u201cFORGE has unlocked nature\u2019s ways in a cost-competitive, feedstock abundant and capital-light business model. This is a cornerstone technology of the low-carbon fuels value chain that the global transportation sector in air, sea and land, has been searching for.\u201d
\n\u2014 Karlis Vasarais, EVP, Valent Low-Carbon Technologies<\/p>\n

\u201cThis is a prime example of how basic research can drive remarkable innovations and economic benefits. When a major international company like Shell invests, it further demonstrates the power of research and university-industry connections. The University is very proud to have nurtured FORGE\u2019s evolution\u00a0through\u00a017 years of research to technology development to company creation and beyond.\u201d
\n\u2014 Matthias Ruth, Vice-President (Research and Innovation), University of Alberta.<\/p>\n","protected":false},"excerpt":{"rendered":"

FORGE Hydrocarbons Corp (\u201cFORGE\u201d), a Canadian biofuel start-up, announces an equity investment from Shell Ventures and a follow-on contribution from Valent Low-Carbon Technologies, which will help build a first-of-its-kind CAD$30 million commercial-scale, biofuel production plant in Sombra, Ontario. Clean technology FORGE\u2019s patented Lipid-to-Hydrocarbon (LTH) technology creates renewable jet fuel, diesel and naphtha from waste fats […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5818,14034],"supplier":[16716,647],"class_list":["post-71803","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-biofuel","tag-technologies","supplier-forge-hydrocarbons-corp","supplier-shell-group"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/71803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=71803"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/71803\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=71803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=71803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=71803"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=71803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}