Honor For A Big Innovation In A Small Package
A Fischer Tropsch (FT) microchannel reactor developed by Velocys Inc, combined with a new highly active FT catalyst developed by Oxford Catalysts, has been short-listed in the Best Innovation by an SME category of the 2009 ICIS Innovation Awards.
The reactor, which can achieve productivities that are orders of magnitude greater than for conventional FT reactors, can operate economically when processing just 500-2000 tones of waste per day. Diesel and jet fuels produced using the microchannel reactor offer significant emissions benefits over equivalent products sourced from fossil fuels at an economical cost when oil prices are over US$50/barrel, depending on the local fiscal regime.
The innovation makes it possible to produce liquid biofuels from a wide variety of waste feedstocks, including municipal waste in situ, thus avoiding the need to transport large volumes of waste to central processing facilities.
Derek Atkinson, FT Business Development Director at Oxford Catalysts said: "Our innovation represents a whole new way of looking at the problems associated with the distributed production of new generation biofuels from a variety of waste sources. We are honored to have reached the short list for this important ICIS award."
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