Agrivida, Poet to reduce cellulose ethanol production costs
US-based ethanol producer Poet Research and Agrivida have signed a four-year technology collaboration joint development agreement to reduce cellulosic ethanol production costs.
As part of the agreement, Poet and Agrivida will develop Agrivida's technology platforms to reduce the capital and operating costs of commercial cellulosic ethanol production facilities.
Both companies will test, develop and integrate Agrivida's corn stover feedstock and feedstock processing technology with Poet's existing commercial cellulosic technology.
Agrivida is also developing methods to improve pre-treatment of corn stover and make it easier to break down cellulose while reducing the cost of enzymatic application.
Poet will evaluate and test Agrivida's proprietary, low-severity feedstock processing technology, aimed at saving capital and operating costs at commercial facilities.
Dr. Wade Robey, Poet senior vice president and chief technology officer, said they are committed to working with new and innovative technologies that will improve the value of cellulosic ethanol production.
"If successful, Agrivida's novel approach to increase the functionality and value delivery of corn stover will work well with other technologies being developed by Poet," Robey added.
Mark Wong, Agrivida CEO, said they are excited to be working with Poet to improve the economics of advanced biofuels production.
"Poet has one of the most advanced commercial cellulosic programmes in the world with strong research, development and commercial deployment capabilities," Wong added.
"Poet will be a great partner as Agrivida transitions its technology from research and development to a commercialisation phase."