DES PLAINES, Ill.–(BUSINESS WIRE)–$2.00 a gallon gasoline may be a thing of the past but with IH2 Technology, it can also be part of the very near future.
Today Gas Technology Institute (GTI) hosted an open house at its new Pilot-Scale IH2 Plant in Chicago, Illinois to demonstrate the successful efforts to broaden biomass-to-liquid hydrocarbon fuel conversion.
The IH2 Technology is a catalytic thermochemical process that promises to be a very cost-effective route to produce liquid transportation fuels from renewable resources. Based on assessments and calculations by National Renewable Energy Laboratory (NREL), the technology has the capability to produce fuel with a U.S. Department of Energy estimated selling price of less than $2.00/gallon in commercial production.
“Before new technologies can effectively compete for a presence in the market, the potential economic advantage has to be compelling along with a high probability of success”
The IH2 process can convert virtually any type of non-food biomass feedstock—such as wood, agricultural residues, algae, aquatic plants and solid waste—to a liquid transportation fuel that is interchangeable with crude-oil-derived fuels and is compatible with current fueling and vehicle infrastructure. In this way, the IH2 process differs from other biofuel technologies that produce crude or oxygen-containing intermediates that need substantial upgrading to meet current specifications for transportation fuels. Continue reading