InKemia to build its first advanced biofuel plant in Portugal
Type of post: NEWS IN BRIEF.
InKemia IUCT Group (InKemia) reported on January 30th
that Inediteneptune, lda., Portuguese company of the group 99,98% controlled by
InKemia Advanced BF, ltd. (IABF), has received the approval to build its first plant for
producing the advanced biofuel o-bio developed by the group (see the provision
of relevant information to the Spanish Alternative Stock Exchange Market, 30/1/2018).
The notification has been issued by a
competitive programme managed by the Instituto de Apoio às Pequenas e
Médias Empresas e à Inovação (IAPMEI) which belongs to the Ministry of Economy of Portugal. The
approval results in a fund awarded by the institute with the support of ERDF
funds of the EU. The aid amount is 9.4 M€ and the total investment of the
project comes to 23.5 M€.
Figure 1. Logo of InKemia Advanced BF
IAFB, company registered in London, was established
in 2016 by InKemia to commercialize a biofuel production technology developed
and patented after more than 15 years of research. Its product S50 (it could be
the same o-bio mentioned in the provision of relevant information) can be
generated from crude glycerin, algal oil or waste oil. It is an ester derived
from natural fatty acids that contains glycerol in its molecular structure. Its
physicochemical properties and heat content are very similar to those of
conventional biodiesel. The introduction of the product into diesel blends results
in a cleaner combustion and it can be blended in significantly high proportion.