Read full article at The Digest – Jim Lane July 15, 2021
Bio2oil (now Circlia Nordic) was founded with the aim of commercializing the Hydrothermal Liquefaction technology (HTL). It’s a process that converts biomass to liquid fuel in the presence of water.
We focus on getting the process efficient and robust and making the technology cost-efficient for deployment near biomass sources. In general, the market has been focused on getting cost competitiveness via economy of scale, which requires very large central feed supplies. This approach creates large logistic challenges with regard to the scattered sources of biomass.
Circlia Nordic focuses on providing modular units with an annual capacity of 5000t dry-matter, at competitive CAPEX/capacity cost. Capacity is reached by the number of plants and the produced biocrude can be upgraded to Diesel, jet and bunker fuel at refineries.
Alone the potential European market for these units is several thousand units of transportation fuels at refineries or central upgrading units