AE Biofuels & Merrick Reach Enzyme Deal

AE Biofuels Inc. announced that it has signed a strategic agreement with Merrick & Company to commercially implement AE Biofuels’ patent-pending enzyme-based technology for the conversion of non-food biomass into ethanol and other materials. Under the agreement, the two companies will work to design new biofuels facilities or convert existing biofuels facilities to better utilize the enzyme technology.

AE Biofuels and Merrick said that the first step is to deploy AE Biofuels’ technology in the cellulosic ethanol industry as demand for the fuel, created by the revised Renewable Fuels Standard (RFS), is beginning to ramp up. The Energy Independence and Security Act of 2007 increased the RFS to 36 billion gallons of renewable fuels, the majority of which must be advanced biofuels, such as cellulosic ethanol.

“We are excited to team up with Merrick, a world-class organization with deep experience in both refining and biofuels, to work with customers to rapidly deploy our advanced technology,” said Eric McAfee, chairman and CEO of AE Biofuels. “Our approach addresses the growing demand for advanced biofuels at both existing and new ethanol facilities. We think this flexibility will allow us to better serve the immediate needs of the biofuels industry.”

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