Singapore’s Inventure International (Pte) Ltd. and its wholly owned subsidiary, Inventure Renewables, Inc. based in Tuscaloosa, Ala., U.S.A., have entered into a partnership with Italy’s Mazzoni LB S.p.A. to commercialise a zero waste, carbon dioxide consuming technology for processing a vegetable oil refinery waste, refinery by-product lipid, into oleochemicals. The technology will increase the value of the lipid stream by 200% to 400%.
Inventure Renewables develops patented and patent pending enabling process technology for the production of sugar from biomass which in turn enables the production of third generation green chemicals, synthetic jet fuel, biodiesel, and green gasoline from biomass.
“Mazzoni is the leading provider of technology and equipment to the global natural vegetable soap market,” said Mark Tegen, president and CEO of Inventure Renewables. “Their customers will reap great benefits from our technology, which will enable them to convert a waste stream that currently has little use beyond low grade animal feed into a value-added product.”
“Inventure has a robust track record of developing technologies for bringing new value to agribusiness by-products,” said Giuseppe Di Carpegna, Mazzoni LB CEO. “Our customers will appreciate the opportunity to improve returns from their waste streams, but will also value the environmentally-friendly process that will nearly eliminate by-product waste and curtail the use of harsh chemicals.”
It is estimated that more than 5 million tonnes of refinery by-product lipid are produced by soft oil seed refineries annually. Oleochemicals harvested from refinery by-product lipid waste streams have applications in a range of products, including soaps, detergents, resins, personal care products, inks, paints, textiles and lubricants.
Mazzoni and Inventure will focus their initial efforts on the European market.