Chemrec enters agreement with TCC on advanced biofuel plants
Chemrec signed a cooperation agreement with China Tianchen Engineering Corp. (TCC) to provide an integrated offering of Chemrec plants on a global lump-sum, turn-key basis and comarket the Chemrec black liquor gasification technology, a route to second-generation biofuels or green power.
The signing took place April 24 in Stockholm in the presence of the prime ministers of China, Wen Jiabao, and of Sweden, Fredrik Reinfeldt.
Under the agreement, Chemrec and TCC will develop an offering to provide industry standard design, engineering, procurement and construction (EPC) services as well as overall performance guarantees to support project financing for black liquor gasification plants. TCC will also assist in procuring plant financing.
Under the terms of the agreement TCC is also approved by Chemrec as supplier of complete turnkey Chemrec plants, with the gasification key equipment being designed and provided by Chemrec. TCC will comarket and perform joint proposals with Chemrec.
“TCC has extensive experience in engineering and construction of gasification, gas processing and synthesis plants,” said Max Jönsson, CEO of Chemrec. “This agreement will bring solid and cost-efficient design, procurement and construction to our projects and will give us the ability to provide complete system solutions on an industrial scale.”
TCC is a leading international engineering corporation providing engineering design, procurement, construction management and commissioning supervision. TCC is listed as one of the top 225 largest global engineering EPC contractors and top 200 largest global design firms. TCC has completed thousands of projects in over 30 countries.
Chemrec is a Swedish company developing and commercializing technology for black liquor gasification. Through the unique properties of black liquor and the integration with the pulp mill, Chemrec technology provides a superior route to second-generation, nonfood competing biofuels or green power. The company’s shareholders include VantagePoint Venture Partners, Volvo Technology Transfer, Environmental Technologies Fund and Nykomb Synergetics.