WM joins investors in new conversion technology
Waste Management, Inc. and Terrabon, L.L.C., announced
an agreement by Waste Management to invest in Terrabon’s
unique waste-to-fuel conversion technology.
Waste Management joins Valero Energy Corporation which
also invested in Terrabon in April 2009 and recently
increased its investment in Terrabon. This investment
from Waste Management and Valero will be used by Terrabon
to advance the scalability of their technology.
Waste Management will also assist Terrabon in securing
organic waste streams, which Terrabon will use to produce
high-octane gasoline using its MixAlco technology. MixAlco
is an acid fermentation process that converts biomass
into organic salts.
The resulting non-hazardous organic salts, or bio-crude,
would be then shipped by truck, rail or pipeline to a
Valero refinery or other centralized processing facility
where it would be converted to a high-octane gasoline
that can be blended directly into a refiner’s fuel pool,
avoiding many of the blending and logistics challenges
presented by ethanol. Terrabon recently successfully
completed the production of gasoline from sorghum biomass
at its advanced biofuels research facility in Bryan,