IRVINE, Calif., April 20, 2017 /PRNewswire/ -- Vertimass LLC is proud to announce that it is one of four companies selected to present at the "Pitch for a Green Future" session at the "Bioeconomy 2017: Domestic Resources for a Vibrant Future" conference being held at the Sheraton Pentagon City Hotel in Arlington, Virginia July 11-12, 2017.
The conference is hosted by the U.S. Department of Energy's Bioenergy Technologies Office (BETO) and provides a unique platform for representatives from the bioenergy industry, Congress, state and federal agencies, national laboratories, academia, and the financial community to focus on opportunities to grow and achieve a stronger bioeconomy. The Clean Energy Research and Education Foundation (CEREF) is a lead partner for the conference, which attracts approximately 600 participants.
Vertimass was extended the invitation to present by James Spaeth, Program Manager, Demonstration & Market Transformation, Office of Energy Efficiency and Renewable Energy on behalf of Dr. Jonathan Male, Director, BETO, Office of Energy Efficiency and Renewable Energy.
John R. Hannon, PhD, Chief Operating Officer of Vertimass will present on the company's new pathway to enhance use of biomass-derived renewable fuels. Vertimass acquired the exclusive worldwide license of this novel approach invented at Oak Ridge National Laboratory (ORNL) to convert ethanol into gasoline blend stocks and higher value chemical coproducts (BTX). In addition to achieving essentially complete conversion of ethanol into hydrocarbons, the Vertimass approach has the potential to reduce greenhouse gas emissions and U.S. reliance on foreign sources of oil. The technology allows ethanol producers to bypass the 10 percent "blend wall" for blending with gasoline and opens up new markets for ethanol for use in heavy duty vehicles and air travel as well as markets for valuable chemicals.
"We are delighted to be one of the four companies selected by the Department of Energy to present," said Dr. Charles Wyman, Vertimass President and Chief Executive Officer. Chairman William Shopoff noted, "We are extremely pleased to have the opportunity to showcase our green catalyst renewal fuels technology. We are very proud of the technology, which can be rapidly and inexpensively integrated into existing ethanol plants to help meet the goals of the Renewable Fuel Standard and also aid the Federal Aviation Administration in achieving their target of one billion gallons of renewable aviation fuel by 2018."
In 2015, Vertimass received an award of $2 million by the U.S. Department of Energy's BioEnergy Technology Office (BETO) to accelerate building the foundation to scale up this transformational technology for converting ethanol into hydrocarbons for blending with gasoline, diesel, and jet fuels.
Vertimass obtained the exclusive worldwide license to technology developed by Oak Ridge National Laboratory, where scientists invented novel catalysts that convert a wide range of alcohols including ethanol and butanol into hydrocarbon blend stocks that can be used in existing gasoline, diesel, and jet engines without modifications. In addition, this process can produce renewable chemicals including benzene, toluene, and xylenes (BTX).
About Vertimass LLC
Vertimass LLC is based in Irvine, Calif. The mission of Vertimass LLC is to develop and widely license breakthrough technologies that substantially expand the use of sustainable transportation fuels that reduce greenhouse gas emissions and improve energy security and domestic economies. Commercialization will lead to the widespread use of proprietary Vertimass technology for low cost production of sustainable transportation fuels that can overcome the blend wall that currently impedes expansion of sustainable fuels production and open up new large fuel markets for aircraft and heavy duty vehicles from multiple sources of biomass. For more information, visit http://www.vertimass.com/.
This is neither an offer to sell nor a solicitation of an offer to buy any security. Such an offer may only be made by means of an offering document that must accompany or precede this information. There is no assurance that this strategy will succeed to meet its objectives. All investments have risk including loss of investment; please see the risk factors section of the offering document. Securities offered through © 2017 Shopoff Securities, Inc. Member FINRA/SIPC.
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