November 1, 2014     Japanese 
  JCN 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
 
Share:
ITOCHU Participates in U.S. Next-Gen Biodiesel Fuel Production
 

Tokyo, May 23, 2013 (JCN) - ITOCHU Corporation has invested in a 50 million gallon per year, next-generation (inedible feed stock base) biodiesel fuel (BDF) project, which Flint Hills Resources LLC, a leading U.S. refining, biofuel and chemicals company and Benefuel Inc, a biodiesel process technology company, are jointly developing in Beatrice, Nebraska.

The projected production volume of this facility alone corresponds to approximately 5% of the current biodiesel production in the U.S.

Core to Benefuel's process technology is its bi-functional solid-catalyst, which converts not only the oil and fat, but also free fatty acids (FFA) into BDF in a single step. The FFA contained in the feedstocks is an inhibitor for conversion of oil and fat into BDF, and must be removed with expensive purification and refining processes.

This novel technology enables the use of cheaper, high FFA content and inedible feedstocks, such as distillers corn oil from ethanol refining, waste vegetable oils, animal fats, and unrefined oils, without the costly purification and refining processes. Benefuel's patented process technology represents a strong competitive advantage over conventional BDF processing technologies, since feedstock costs generally account for 75%-90% of total processing costs.

ITOCHU, as a strategic partner and investor in Benefuel since 2011, had been actively testing and validating Benefuel's breakthrough technology, and has decided to participate in this project, which it believes will be a cornerstone for next-generation biofuel production in the U.S. and in many other counties worldwide.

ITOCHU ENEX, an ITOCHU group company and the largest distributer of petroleum products in Japan, has also agreed to participate in this project as part of its vision of building a global biofuel business network with a major focus on developing its biofuels business in Asia, in collaboration with ITOCHU and its partners.

By Jun Ota Staff Writer

Copyright © 2014 JCN. All rights reserved. A division of Japan Corporate News Network KK.


 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  ITOCHU News  
  ITOCHU Art Exhibition Celebrates Year of the Sheep  (Oct 31, 2014)
  ITOCHU: Benefit One Indonesia and MidPlaza Holdings Form Capital Alliance  (Oct 22, 2014)
  ITOCHU Invests in Bellsystem24, Japan's Largest Call Center Provider  (July 30, 2014)
  ITOCHU and Canada's Kaizen Discovery in Collaborative Mineral Resources Exploration and Development  (Feb 3, 2014)
  MHI Receives Follow-up Order for 48 More Cars For the Macau Light Rapid Transit System  (Jan 7, 2014)
  ITOCHU to Construct Africa's Largest Solar Power Plant in South Africa  (June 10, 2013)
  ITOCHU Participates in U.S. Next-Gen Biodiesel Fuel Production  (May 23, 2013)
  ITOCHU to Jointly Develop Molybdenum-Tungsten Project in Kazakhstan  (Feb 26, 2013)
  ITOCHU Acquires IT Service Providers in Malaysia and Singapore  (Feb 25, 2013)
  ITOCHU Enters Pork Production Business in Canada  (Jan 8, 2013)



 Recent  Alternative Energy News   
Mitsui Acquires Additional Interest in Power Generation Project in New York City (Oct 15, 2014)
Teijin Develops Printable Electronics Material for PV Cells with High Conversion Efficiency (Oct 14, 2014)
Mega-solar Power Plant in Kitakyushu City Starts Full-fledged Operations Today (Oct 14, 2014)
INPEX and Partners Discover Oil Deposits in Espirito Santo Basin, Brazil (Oct 13, 2014)
Sumitomo Awarded Contract by Pertamina Geothermal Energy for Construction of Units at Geothermal Power Station in Indonesia (Aug 15, 2014)
NTN Develops "WIND LAB.", World's Largest Testing Machine for Extra-large Bearings (July 30, 2014)
JAPAN-GTL Consortium Awarded 2014 ENAA Engineering Commendation Award by Engineering Advancement Association of Japan (July 23, 2014)
Marubeni, Mitsui Miike to Build Coal Handling Facility with Russia's JSC Vostochny Port (July 18, 2014)
Marubeni to Create Minera Centinela, New Mining Company in Chile (July 5, 2014)
GS Yuasa to Install Mega Solar System 1 MW-output System at Gunma Plant (June 27, 2014)

More Alternative Energy news...
 
CSR Report Download
Annual Reports

  More >>    
Most Popular


About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)