Sainc signs feedstock supply contract for its planned advanced biorefinery in Andalusia

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Type of post: NEWS IN BRIEF.

A short update on the progress on the advanced biorefinery project that Sainc Energy Limited (Sainc) is intending to build in Villaralto (Córdoba, Andalusia, Spain). According to a recent press release of Vertoro (Dutch startup and partner of the project), Sainc has entered into a definitive supply contract for 180,000 tons per annum of local olive tree prunings for the planned plant.
Press release: “World's first combined 2G ethanol and crude lignin oil biorefinery inches closer to reality”, 30/9/2019.

Figure 1. Aerial view of Andalusian olive groves (extracted from the press release). The future plant will be fed with olive prunings.

The facility will produce 2G ethanol alongside so-called crude lignin oil (CLO). The CLO will be purchased by Vertoro (developer of the underlying technology). Regarding to the ethanol off take, Sainc is currently in discussions with BP, Shell and Total. Relevant permits are presently being processed and evaluated by local experts and authorities. Potential financial closure partners are a Spanish bank and a Chinese project developer. The biorefinery is expected to start production by Q3 2022.
See this previous post for further information about the project: “Sainc Energy plans to build an advanced biorefinery in Andalusia”, 13/9/2018.

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