Accelergy Corporation and Owensboro Grain LLC Announce Strategic Alliance to Develop and Market Advanced BioSpecialty Production Technologies and Products
HOUSTON and OWENSBORO, Ky., Aug. 8, 2016 /PRNewswire/ -- Accelergy Corporation and Owensboro Grain LLC announced an alliance to globally commercialize a suite of advanced BioSpecialty Production Technologies for a range of solvent, lubricant, and performance fluid products. The initial feedstocks will be soy-based but the companies plan to include a full range of bio-based feeds in the future.
Accelergy and Owensboro Grain recently completed a highly successful commercial scale demonstration project with a globally recognized leader in specialty chemicals production. The companies are now pursuing commercial applications in both domestic and international markets through a newly formed company, Owensboro Grain and Accelergy BioSpecialties LLC (OG&A BioSpecialties LLC). The companies intend to commercialize and market Biowax-PH™ and BioFAME-PH™ oleo-chemicals, together with a range of formulated renewable performance fluids for multiple industrial applications.
"This initiative is part of Accelergy's strategic plan to introduce a new class of renewable carbon-based technologies and formulated products with cost and performance properties that compete favorably with current day offerings," said Rocco Fiato, Accelergy's Chief Technical Officer. "Our platform is based upon Accelergy's Integrated "HDX" Conversion Technology combined with significant contributions from a number of leading process technology providers in the oil and gas industry. The HDX platform includes a range of hydroconversion based processes that change the overall molecular composition of the bio-feedstocks into high quality products. Accelergy's HDX technology portfolio includes a series of proprietary, patented catalysts and processes designed to control molecular composition and ultimate performance properties of the biospecialty products. The proprietary combination of our process systems with the advanced catalyst and reactor technology from our partners enables us to achieve high overall carbon utilization efficiency and low production costs for key specialty markets."
"Owensboro Grain has a history of seeking opportunities for product diversification around our core business of soybean processing," said John Wright, Owensboro Grain's Executive Vice President. "We view the expansion into high performance specialty products as another step in the execution of this strategy. We believe Accelergy and their technology partners offer state-of-the-art platforms that will enable us to develop superior product offerings for the growing renewables market. We are excited to add Accelergy as a strategic partner as we continue to focus on broadening the market and customer base for Owensboro Grain's soy based products."
About Accelergy Corporation:
Accelergy is a global leader in producing high-performance low-cost biospecialty fluids from a range of feedstocks, in development of carbon-based products with low overall GHG footprint, and in promoting energy/economic security by using domestic energy resources. The Company has specifically targeted product compositions that are biodegradable, and have low toxicity in order to meet increasingly demanding environmental requirements. Based in Houston, Texas, with partner facilities in Montana, North Dakota, Pennsylvania and Shanghai, China, Accelergy has established an international presence in partnerships with some of the world's leading energy companies.
For more information, please visit www.accelergy.com.
About Owensboro Grain, LLC:
Owensboro Grain Company, LLC produces soy products and edible oils. Its products include protein meal and hull pellets for animal feeds; crude and degummed oil, and lecithin; and various blends of refined vegetable oil for human consumption, high quality biodiesel, and glycerin. The fifth generation company was founded in 1906 and is based in Owensboro, Kentucky.
For more information, please visit www.owensborograin.com.
SOURCE Accelergy Corporation
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