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Torrefaction for Biomass Upgrading into Utility Fuel

Richard Walton Fri, 2010-09-03 12:25

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Richard Walton · Fri, 09/03/2010 - 11:25

Business

Business Overview: 

Bio-Coal reactor manufacturing and Commercialization Company, involved in process of biomass feedstocks into Utility Fuel.

Project Type: 
Industry: 
Project Location: 
Birkenhead, LIV, CH41 5AT
United Kingdom
See map: Google Maps
Project Website: 
http://www.raw-torrefactiontechnology.blogspot.com/
What are your future milestones, and how much capital will you need to achieve each of the milestones outlined?: 

6 Months to completion of Design / Engineering
6 months to completion of build / commissioning
6 months of trials to commercialization

What is your total and operating cash burn (the amount you're spending) per month? : 

£10,000.00

How many future rounds of financing do you project? : 

1

Who is the Customer?: 

Multi-National Utility Companies. E-On, RWE, GDF, SSE, etc.

What is the Customer Pain that you are solving?: 

Meeting the Kyoto and National requirements to reduce CO2 emissions

Names of any current or recent customers: 

Not operational yet

What is the Target Market?: 

Utility companies burning fossil coal to produce electricity

How big is the Target Market in terms of Annual Sales?: 
$200M-$500M
Sales/Marketing Strategy: 

Direct from manufacturing Plant to End User

Provide use cases : 

Current consumption of biomass fuel is 17 million tonnes per year

Competition: 

None

One-line Pitch: 

Commercialization of a Bio-Coal reactor to do in 30 minutes what takes nature 30 million years

Business Model: 

Commercial Development of Tested and proven technology (at Pilot scale)
Full scale Commercial design, analysis and build
Production of Bio-Coal for Utility use as replacement for fossil coal
£1 Billion of off-take agreements identified
Full feedstock supply agreements in place

Product/Services Overview (what does it do): 

Direct replacement for fossil coal in PFI Burners
Improved feedstock for Fischer-Tropsh
Reducing Agent for metallurgical applications

Technology

What makes the technology/business unique and have a defendable competitive advantage?: 

Economic sense; durability; flexibility; technical prevalence.

Describe in detail the technology used in the Project - Address the innovation in significant detail : 

Torrefaction reactor converting biomass waste into Bio-Coal.
Utilizes the principal of Incremental Pyrolytic Distillation
Closed-loop system operating at 96% of Autothermal point with no waste streams.

What are the principles of the technology? : 

Devolitilization of Hemicellulose through Thermo-Chemical conversion.

What, if anything, has been proven (and how far is this from a commercial scale)? : 

Commercial viability. This is being proven in Computational Fluid Dynamic analysis

What challenges/risk does the technology face for commercialization?: 

Mass / Energy Balance optimization
Autothermal control (of Exothermic runaway)

Patent Numbers (Filed/Approved): 

1 patent filed

Team

NameTitle
Richard WaltonDIRECTOR

Financials

Amount Sought: 
£1,200,000
If raising funds, what shall the funds be used for?: 

Machinery, Equipment and construction of Commercial Demonstration Plant

Pre-Money Valuation: 
£324,450
Funding Received to Date: 
£162,225
Amount invested by Founders: 
£64,890
Funding Stage: 
Pre-Revenue
Funding History: 
Funding Round Funding TypeFunding dateFunding Source/ InvestorsAmountPre-Money valuation
Seed/BootstrapEquityJun 2009R Walton500000
Seed/BootstrapEquityJun 2009J Walker500000

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