Menlo Park, California and Hoevelaken, The Netherlands [RenewableEnergyAccess.com] KiOR Inc, a joint venture between Khosla Ventures and BIOeCON has been formed to further the development and commercialization of the “Biomass Catalytic Cracking Process” (BCC). Khosla Ventures, will provide Series A funding, and BIOeCON will bring its knowledge and intellectual property to KiOR Inc.
“Securing funding from a strategic and visionary venture capital company like Khosla Ventures is a major step forward”, says Rob van der Meij, CEO of KiOR Inc. “Khosla’s experience and expertise in technology startups is unmatched in the industry and we are looking forward to the acceleration that Khosla Ventures no doubt will bring.”
BCC technology converts lignocellulosic biomass, found in grass, wood, and various agricultural and forestry wastes, into a bio-oil product that can be further upgraded to transportation fuels.
“The key technical problem in the conversion of cellulosic biomass into usable fuels is how to open up the inaccessible solid fibrous ‘woody’ material, so that it can be effectively transformed. Most of the existing processes to unlock the woody structures are quite costly and intensive of energy or chemicals,” says Paul O’Connor, founder and president of BIOeCON. “BIOeCON has developed a simple non-energy intensive way to make the woody biomass accessible to catalysts and convert to a bio-oil product with significantly improved product properties compared to other thermal-chemical processes.
BIOeCON is a privately funded company, which operates through an international network of top-scientists and institutions to bring together know-how, expertise and experience from heterogeneous catalysis, biomass processing, process development and technology commercialization. BIOeCON is based in Hoevelaken, the Netherlands.