Edeniq and Global Bio-chem to Develop and Commercialize Corn Stover to Industrial Sugars Conversion Technology

  Edeniq and Global Bio-chem to Develop and Commercialize Corn Stover to
  Industrial Sugars Conversion Technology

   Unique collaboration will combine leading technologies into a low-cost,
  commercial platform for converting corn stover to sugars for chemicals and
                                    fuels

Business Wire

VISALIA, Calif. -- July 16, 2014

Edeniq, Inc. (“Edeniq”), a cellulosic sugar producer, announced it has signed
a letter of intent with Global Bio-chem Technology Group Company Limited
(“Global Bio-chem,” HKG:0809) to develop and commercialize processes to
convert corn stover to industrial sugars for use in the production of
chemicals, fuels, and other bio-based products.

Pursuant to the letter of intent, Edeniq and Global Bio-chem intend to
integrate their technologies in a commercial demonstration plant to produce
50,000 metric tons per year of industrial sugars from corn stover, and
subsequently to form a joint venture to further develop and commercialize
their technology platform. Global Bio-chem is currently working on
modification of corn stover, consisting of leaves, stalks and cobs of corn at
its facility in the Jilin Province of China.

“This relationship with Global Bio-chem will accelerate the scale-up and
commercialization of our continuous sugars process and build upon years of
technology development at our pilot facilities in California,” said Mr. Brian
Thome, President and CEO of Edeniq. “We believe our joint venture will offer
an industry-leading, low-cost technology platform to biochemical and biofuel
producers in China, the United States, and elsewhere, enabling significant
market growth for bio-based products.”

Ms. Xu Ziyi, Executive Director of Global Bio-chem, said: “The Group is a
pioneer in using corn stalk as raw material for further downstream processing,
and has been working on fully utilizing other corn residues as well. Our
collaboration with Edeniq is to focus on enhancing our technology to
significantly reduce the production costs of corn stover-based sugar, and to
enable us to expand into a variety of bio-based products with such biomass as
raw material.”

The collaboration between Global Bio-chem and Edeniq has gained government
support. “The Jilin provincial government is pleased to support Global
Bio-chem-Edeniq partnership in its goal to develop processes to utilize the
millions of metric tons per year of corn stover available in our province,”
said Mr. Dawei Liu, Deputy Commissioner of Industry Department, Jilin Province
Development and Reform Committee.

About Edeniq

Edeniq delivers integrated process innovations that unlock sugars. These
technological innovations uniquely combine mechanical and biological
processes. Edeniq’s capital light and operationally efficient solutions can be
easily integrated into existing biorefineries that produce ethanol, other
biofuels, biochemicals, and/or bio-based products. Edeniq currently sells or
licenses its technologies to biorefineries in the United States and Brazil.
Edeniq was founded in 2008 and is headquartered in Visalia, California with
locations in Omaha, Nebraska and São Paulo State, Brazil.

About Global Bio-chem

Global Bio-chem has been listed on the Main Board of the Stock Exchange of
Hong Kong Limited since 2001. The Group is principally engaged in the
manufacture and sale, research and development of corn-based biochemical
products in the People’s Republic of China (“PRC”). Its products are sold in
the PRC and worldwide. Headquartered in Hong Kong and with its production
facilities based in various provinces in the PRC, Global Bio-chem is the
largest vertically integrated corn-based biochemical product manufacturer in
Asia and is one of the leading lysine players in the fermentation industry
worldwide. The Group is one of the pioneers in applying corn starch as raw
material for the commercial production of polyol chemicals. Global Bio-chem is
also the parent company of Global Sweeteners Holdings Limited, one of the
largest corn sweeteners producers in the PRC, which is also listed on the Main
Board of The Stock Exchange of Hong Kong Limited.

Contact:

Edeniq, Inc.
Lily Wachter, 559-302-1777
media@edeniq.com
 
Press spacebar to pause and continue. Press esc to stop.