R&D project announced in the industrial biofuels realm
Hunt Global Resources announced that its bio-solutions division has launched an exclusive research and product development project with Carbon Green, a company that recycles used tires by conversion to recovered steel, oil and a commercially accepted substitute for carbon black in tire manufacturing.
"Even with the recent US government reinstatement of the one dollar per gallon tax incentive for producing B100 biodiesel, traditional biodiesel manufacturers will continue to encounter challenges with fluctuating feedstock prices, availability and competition for food sources to profitably produce B-100. Hunt Global Resources has chosen to continue the strategy of focusing our technologies and resources on the non-food based LoNOX industrial biofuel business," said George T. Sharp, Hunt's CEO.
"In recent months we have tested our industrial biofuel formulation with a number of organic, cellulosic and blended petroleum feedstocks (which includes Carbon Green tire derived oil) to achieve an ideal BTU and emissions result," said Gregg Enders, CEO of Hunt BioSolutions. "Hunt LoNox, is a cleaner burning, similar BTU renewable fuel than traditional fuel oils in use now. Our goal has been to create a hot, clean burning bio/renewable industrial fuel that would provide a significant reduction in nitrogen oxide, sulfur oxide and carbon dioxide emissions at a price equal or lower than current non-compliant petroleum based products."
"The benefit is that by utilizing the oil from the Carbon Green tire process this completes the total tire recycling while positively impacting Hunt's feedstock supply requirements and reducing costs to create the new Hunt/Carbon Green biofuel," said John Novak, CEO of Carbon Green. “Without our proprietary solutions many industries will struggle to fulfill feed-stock requirements and meet government compliance mandates for the usage of cleaner environmentally improved fuels, specifically biofuels."
When the joint R&D is completed, Hunt says the newly developed blended product will meet or exceed new US Environmental Protection Agency EPA mandates for industrial and marine diesel emissions. Marketing will target industrial consumers of boiler fuel, heating oil, marine fuel and other stationary diesel and off-road users.
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