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.

More stories to explore
Share this story
About the author
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.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription