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Waste-to-fuels firm Fulcrum strikes strategic pact with Japanese consortium

License: Creative Commons 1.0 Universal

September 21 (Renewables Now) - California waste-to-fuels company Fulcrum BioEnergy Inc has formed a strategic partnership with a consortium led by Marubeni Corp (TYO:8002) of Japan that involves a jet fuel offtake agreement and an equity investment.

The consortium also includes Japan Airlines Co Ltd (TYO:9201) and the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development.

Fulcrum is developing technology for converting municipal solid waste into transportation fuels including syncrude, jet fuel and diesel. The company said on Thursday that the strategic partnership includes a 10-year project development agreement, under which it will be able, jointly with Marubeni, to develop waste-to-fuels plants in international markets where the Japanese group has strong presence. These international projects will be able to use Fulcrum's patented municipal solid waste-to-jet fuel process.

The Marubeni-led consortium will also make an equity investment in Fulcrum of an undisclosed size.   

Fulcrum's first waste-to-fuels project is currently under construction outside of Reno, Nevada and is expected to come online in early 2020.

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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