Sweetwater Energy, Ace Ethanol collaborate cellulosic ethanol

Sweetwater Energy, Ace Ethanol collaborate for cellulosic ethanol

6:45 AM, 7th January 2013
Sweetwater Energy, Ace Ethanol collaborate for cellulosic ethanol

NEW YORK, US: Sweetwater Energy Inc, a Rochester New York based cellulosic sugar producer, announced long-term commercial agreement with Ace Ethanol, corn ethanol production facility, to generate cellulosic ethanol at Ace’s plant for up to 16 years.

Sweetwater’s patented, decentralized process will convert locally available cellulosic, non-food biomass, such as crop residues, energy crops, and woody biomass into highly fermentable sugar, which Ace will ferment into ethanol. The entire contract has a total potential value in excess of $100 million, and requires a minimal capital outlay by Ace Ethanol while stabilizing Ace’s feedstock cost over the life of the agreement.

“We’ve now signed a definitive agreement for a long-term commercial relationship for cellulosic sugar, effectively moving an existing dry-mill corn ethanol facility to cellulosic ethanol without interrupting their operations. And best of all, since the process is scalable, Ace can increase the amount of cellulosic sugar they’re adding to their process in the coming years,” said Arunas Chesonis, Chairman and CEO, Sweetwater.

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