taslim owonikoko · Sun, 06/05/2011 - 12:27
Business
Business Overview:
Patented Technology:Non Pyrolysis Liquefaction Of Agro-Biomass Wastes for Petro-plastic Waste cleaning, recycling , Production of Oil Spill Cleaning Agents & Agrochemical Products.
Agro- biomass wastes were chemically treated to liquefaction without any heat application to produce valuable industrial products with a potential market value of more than US$20billion.The liquefied biomass was further processed with oxidants mixed with a bio-defoamer to produce a lighter aqueous liquid which serves as the polymerization initiator for all plant derived unsaturated fatty acids like soy oil, groundnut oil, palm oil e.t.c. Unlike olefin metathesis (http://pubs.acs.org/cen/news/86/i13/8613notw2.html).
Our process for biopolymer resin production is based on reacting our in-house developed initiator from biomass wastes with any triglyceride which has double bonds in their molecule, either as a single molecule or as mixed molecules to produce a gelly white resin via emulsion polymerization.
Industry:
Project Location:
Iseyin, OY, 202001Nigeria
Project Website:
http://www.berekotry.com What are your future milestones, and how much capital will you need to achieve each of the milestones outlined?:
We are working to be a global player in renewables.
Agro- biomass wastes were chemically treated to liquefaction without any heat application to produce valuable industrial products with a potential market value of more than US$20billion.
Working tested prototypes are available.
The project currently seeks US$12M equity investment for commercialization.
What is your total and operating cash burn (the amount you're spending) per month? :
US$ 9300
How many future rounds of financing do you project? :
2 ROUNDS
Services Desired:
Technology Consultant
Legal-Intellectual Property
Manufacturer
Engineering
Supply Chain/Distribution
Capital Broker/Dealer
Who is the Customer?:
Waste Recyclers & Plastic processing, Oil & Gas Industry, Agriculture, Automotive , Coatings & Inks, Infrastructure
What is the Customer Pain that you are solving?:
Environmental Cleaning from the sustainable raw materials and products . We have produced cheap industrial products for closed-loop sustainable consumption . Perfected Technology .
Names of any current or recent customers:
Federal University Of Technology Akure-Nigeria
Federal Polytechnic Ede- Nigeria.
Kelani College-Iseyin Nigeria
Cheltech-Zaria, Nigeria
What is the Target Market?:
Industrial, Agriculture and Oil & Gas
How big is the Target Market in terms of Annual Sales?:
$5B-$50B
Sales/Marketing Strategy:
Attracting Equity Funding from Partners with Advanced Technical/Management Expertise for global Penetration.
Provide use cases :
Our Aqueous Non-Arsenic wood preservative from our primary product would be an instant alternative to the Restricted CROMATED COPPER ARSENATE CCA worldwide.
Our primary roduct is also good pre-emergent weed control just like Round-up.
Our Bioplastic resin would tackle the environmental menace of petroplastic wastes in the commnities.
Since the process is clearly waste-to-wealth zero waste we will win carbon credits regularly
Competition:
All fossil based industrial products which are expensive and not friendy to the evironment.
One-line Pitch:
Novel 100% Non pyrolysis Liquefaction of Agro-biomass wastes to Billion Dollar bioindustrials for green and profitable sustainable business Venture.
Product/Services Overview (what does it do):
All these prototype Samples are available:
PRODUCTS APPLICATION
Fertilizer --------- Agriculture
wood preservaive ------------- Infrastructure
Pre-Emergent weed control agent ----------- Agriculture
Oil Spill Cleaning agent -------- Oil & Gas
Flow additives in Plastics -------- Automotive & Engineering parts
Bioplastic Resin ----------------- Coating & Inks, Masterbacth
Wood-plastic Composites ---------- Automotive and Infrastructure
Technology
What makes the technology/business unique and have a defendable competitive advantage?:
The Novel Non Pyrolysis Liquefaction is unique in that no reported breakthrough like this patented technology is available worlwide. we are the only operator of this unique technology that consumes no heat to liquefy all cellulosic and lignocellulose biomass presently.
Unlike olefin metathesis which were based on the process of combining two olefins that rearrange themselves around their double bonds to create two new olefins e.g. metahesis is used to make propylene from ethylene and butylenes(http://pubs.acs.org/cen/news/86/i13/8613notw2.html).
Our process for biopolymer resin production is based on reacting our in-house developed initiator from biomass wastes with any triglyceride .
Describe in detail the technology used in the Project - Address the innovation in significant detail :
Agro- biomass wastes were chemically treated to liquefaction without any heat application to produce valuable industrial products with a potential market value of more than US$20billion.
Working tested prototypes available.
The liquefied biomass was further processed with oxidants mixed with a bio-defoamer to produce a lighter aqueous liquid which serves as the polymerization initiator for all plant derived unsaturated fatty acids like soy oil, groundnut oil, palm oil e.t.c. Unlike olefin metathesis which were based on the process of combining two olefins that rearrange themselves around their double bonds to create two new olefins e.g. metahesis is used to make propylene from ethylene and butylenes(http://pubs.acs.org/cen/news/86/i13/8613notw2.html).
Our process for biopolymer resin production is based on reacting our in-house developed initiator from biomass wastes with any triglyceride which has double bonds in their molecule, either as a single molecule or as mixed molecules
What are the principles of the technology? :
Non Pyrolysis liquefaction of Cellulosic biomass using conventional chemicals and safely too. The liquefied product is applicable as wood preserver, fertlizer, pre-emergent weed control as primary application. The liqufued product serves as raw materials for the emulsion polymerization of plant derived oils . the emusion polymer is highly proficient in the the production of multi-products applicable in ALL industrial operationslike Coatings & inks, FLOW ADDITIVE in plastic processing, masterbatch, lubricants , cosmetics etc
What, if anything, has been proven (and how far is this from a commercial scale)? :
Project Process is patented and working prototypes are currently available. Highly ready for commercialization.
What challenges/risk does the technology face for commercialization?:
we have been careful in making choices on the types of raw maerials and process route adopted . We have confined our choices to popular conventional chemicals for processing. this is due to our exposure as Chemical Engineers .
Patent Numbers (Filed/Approved):
RP/NG/C/2008/79 aPPROVED & Sealed 2008
Team
| Name | Title |
|---|---|
| Taslim Owonikoko | CEO |
Dr. Umar Bindir
Dr. Muibat Bello
Mr. Abiodun Ogidan
Mr. Bello-Romis Consult
Current Investors:
Berekotry Detergent Ltd
Financials
Amount Sought:
$12,000,000 If raising funds, what shall the funds be used for?:
Pilot manuafacturing & Semi-Commercialization
Funding Stage:
Early/Seed
Internal Rate of Return (IRR):
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