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.