Byogy Renewables and GEN 2 Energy Advance Value Chain to Produce Biofuels Competitive With Today's Oil Price
SAN JOSE, Calif., Feb. 25, 2015 /PRNewswire/ -- Byogy Renewables, a biofuels producer based in San Jose, California, has executed a strategic partnership agreement with Gen 2 Energy, an alternative energy company from Ames, Iowa, to develop a more cost-effective biofuel production process.
New yeast strains developed by Gen 2 Energy, Iowa State University and the USDA, improve the alcohol yield of conventional fermentation from a variety of feedstocks - including agave, a monster energy crop being deployed as part of the Byogy value chain. "Rather than try and perfect novel cellulosic technologies, we have focused on improving yields from a known process," states Lane Brunner, President of Gen 2 Energy. "Our new yeast strains, improve the efficiency of conventional fermentation."
Building on the recent strategic partnership with AusAgave, Byogy has now successfully assembled a full supply chain by enhancing known processes. AusAgave CEO Don Chambers has spent the past 15 years developing extensive intellectual property related to maximizing the agave plant as the highest sugar and fiber producing crop in the world that can be grown on marginal land with low water demand.
GEN 2's wholly-owned subsidiary, AGRI-Fiberboard, has recently performed successful tests with Dieffenbacher, a world leading industrial engineering design firm, using agave fibers to produce a medium density fiberboard ("MDF") that is more economical than conventional MDF. AGRI-Fiberboard has executed exclusive global offtake rights with Byogy for its agave waste fibers. This valuable waste stream co-product adds significant value to Byogy's overall production revenue.
In similar fashion, Byogy is also working with a world-class team that has already demonstrated the ability to convert the thin stillage and vinasse waste streams from fermentation to high value human food protein and various other food and fuel oils.
From its initial conception, Byogy has stayed its course of not reinventing the wheel. "Utilizing existing and mature feedstocks, tweaking conventional fermentation, using proven petrochemical processes, and producing pure full replacement fuels that do not require blending with the highest carbon emission reduction of any other fuel, has been our mantra from day one", Says Kevin Weiss, CEO of Byogy.
Weiss sees this assemblage of strategic partners as a great advantage and notes, "the economic viability of the biofuel industry is driven primarily by the value-added processing of residual products and waste streams. By completing and controlling the value chain as we have, we can now demonstrate the ability to compete with crude oil at today's price and lower, and produce pure fuels that do not need to be tracked throughout the infrastructure supply chain. Taking something that already works and making it better is all we are doing."
For more information about Byogy Renewables, Inc., www.byogy.com.
For more information about GEN 2 Energy, Inc. and AGRI-Fiberboard, Inc., www.gen2energycompany.com.
For more information about this topic, please contact Ms. Eva Cabico at (408)202-2190 or via e-mail at: [email protected]
SOURCE Byogy Renewables, Inc.
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