Deal with Honeywell co. has Ensyn abuzz

Ensyn Technologies Inc. will soon get the chance to use its technology for the purpose it was intended, having signed a letter of intent with Honeywell-owned UOP LLC to jointly exploit its Rapid Thermal Processing Ensyn.jpg(RTP) technology to convert forestry and agricultural residual biomass into bio-oil for power and heating. The co-venture would also accelerate R&D efforts to refine the bio-oil into green gasoline, green diesel and green jet fuels on a commercial scale. “We are very pleased to align ourselves with UOP, the world’s leading refining technology company, in order to jointly develop applications for transport fuels and to help us market our unique technology to the transport fuels sector as well as the heating and power markets,” says Ensyn Chairman and CEO Dr. Robert Graham. “We believe this alliance will generate multiple commercial breakthroughs in the biomass-to-energy world.” Ensyn’s technology was originally developed to produce an alternative to expensive oil in the ‘70s, but found a market producing chemicals when the price of oil subsequently fell. The company expects to finalize terms for the venture in Q4.

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