Danish SME Organic Fuel Technology A/S (OFT) has developed a process for producing bio-oil from biomass and organic waste, using microwave-enhanced catalytic depolimerisation technology. Despite the great potential of OFT's technology, the current crude bio-oil product has a low market value. Therefore, for some time OFT has wanted to improve its process with the integration of a two-steps (dewatering and fractionation) bio-oil upgrading technology. The idea is to make bio-oil products applicable for higher value-added markets, such as biofuels and bio-lubricants.
On behalf of OFT and a consortium of 3 European SMEs and 4 RTD performers from Denmark, UK, Germany and Poland, Innovayt prepared and drafted a proposal for the European Research for SMEs programme in late 2010. The project application targeted the development of bio-oil upgrading technologies and test of upgraded products for diverse applications, laying the ground for OFT to ensure a market breakthrough for their technology. The EU application was successful, and OFT and its partners are currently preparing to start work on their EU funded project during the coming months.
The move towards green energy creates business opportunities in the wide area of renewable resources. Biomass and organic wastes are particularly attractive, since they can be exploited for producing biofuels as well as for obtaining other bio-materials, within the emerging concept of bio-refineries.