Proterro and Bunge do deal on biofuels

From a press release in BusinessWire about a deal between (Proterro (of New Jersey) and Bunge (of Brazil):



Under a joint development agreement, a pilot plant is being commissioned at Bunge’s Moema Fazenda sugarcane mill, where two of Proterro’s photobioreactors have been installed to cultivate Proterro’s cyanobacteria for production of fermentable sugars for ethanol production.

The Bunge pilot plant will replicate the operations of Proterro’s U.S. pilot plant in Orlando, Florida, where four photobioreactors are currently deployed.

“Testing performed at this site in Brazil is particularly valuable to our development and progress, as it represents a climate, geography and CO2 source that are representative of our anticipated commercial production plant,” said Proterro CEO Kef Kasdin.

“Since our sugar-production technology is complementary to sugar-mill operations, success could result in an option for low-cost expansion of ethanol production in Brazil, while helping to meet environmental challenges and promote sustainable development of biofuel production,” she continued.

Proterro’s photobioreactor, cyanobacteria and its entire sugar-making process have been granted patents by the United States Patent and Trademark Office.


link: http://www.businesswire.com/news/home/20140924005207/en/Proterro-Bunge-Conduct-Pilot-Study-Brazil-Proterro%E2%80%99s#.VCchyCU48Yw