13. February 2020 ecokontor

Shell Ventures invests C$30 million in Forge Hydrocarbons, U of Alberta spin-out

In Canada, FORGE Hydrocarbons announced an equity investment from Shell Ventures and a follow-on contribution from Valent Low-Carbon Technologies, which will help build a first-of-its-kind CAD$30 million commercial-scale, biofuel production plant in Sombra, Ontario.

FORGE’s patented Lipid-to-Hydrocarbon (LTH) technology creates renewable jet fuel, diesel and naphtha from waste fats and oils. FORGE’s renewable diesel and jet fuels are greater than 90 per cent less carbon intensive than fossil-based diesel. They are cheaper to produce than conventional renewable diesel and are ‘drop-in’ ready, which means they require no specialized blending infrastructure.

FORGE is initially targeting the over four-billion-gallon mandated market in North America for renewable diesel and jet-fuels market. FORGE will tap into abundant, low-cost and often untapped lipid feedstocks.

The technology was invented by Dr. David Bressler at the University of Alberta. It was licensed through TEC Edmonton to FORGE which was founded by biofuels entrepreneur Tim Haig, also founder of BIOX Corp, Canada’s first commercial renewable diesel company, now a part of World Energy.

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Category: Producer News