MOSCOW (MRC) -- BP and DuPont announced a joint venture to retrofit an ethanol plant in Minnesota to make biobutanol, a successor renewable fuel, as per Hydrocarbonprocessing.
Highwater Ethanol licensed the technology from the companies’ venture, Butamax, for its technology to retrofit an ethanol plant. The facility will begin the first phase of commercial production, in which corn oil will be made, in the next few months, the company said in a statement.
"This is the next step in the road to commercialization," Paul Beckwith, the chief executive of Butamax, said in an interview.
The production of biobutanol, which is made from corn, is important because the company says it has lower greenhouse-gas emissions than corn-based ethanol and doesn’t present the same kind of refining issues.
Refiners such as Valero Energy say a drop in demand for gasoline means that the country is close to hitting the so-called "blendwall" of 10% mandated ethanol production.
We remind that, as MRC wrote previously, this summer, Saudi Butanol Company (Sabuco), a joint venture of local petrochemicals firms, awarded South Korea's Daelim Construction Co. a 1.1 billion riyal (USD293 million) contract to build a butanol plant. The Saudi Butanol Company, which will produce butanol to support the growth of the paints and coatings industry in Saudi Arabia, will be located at Tasnee Petrochemicals Complex. The construction of the plant in Jubail Industrial City will start in January 2014, with completion expected by May 2015. The plant will have a capacity of 330,000 tonnes a year of n-butanol, a type of alcohol used to make other chemicals, and 11,000 tonnes a year of iso-butanol.
BP is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items.
DuPont, an American chemical company, is the world's third largest chemical company based on market capitalizatio and ninth based on revenue in 2012. DuPont businesses are organized into the following five categories, known as marketing "platforms": Electronic and Communication Technologies, Performance Materials, Coatings and Color Technologies, Safety and Protection, and Agriculture and Nutrition.
MRC