Flint Hills Resources Invests In Benefuel, Inc.
Februrary 4, 2010
WICHITA, Kan. -- Flint Hills Resources recently closed on an equity investment in Benefuel, Inc., a company that has developed a technology that could dramatically improve the cost effectiveness of biodiesel production.
“We believe this technology has the potential to efficiently expand the range of low cost feedstocks used in biodiesel production,” said Jeremy Bezdek, managing director of innovation for Flint Hills Resources. “As part of our agreement with Benefuel, the company will build and operate an integrated pilot plant to prove its innovative process.”
“Benefuel has developed a novel and patented catalytic process called ENSEL™ for refining renewable feedstocks into a variety of high-margin products,” said Robert Tripp, chief executive officer for Benefuel. “Our biorefinery model updates 75-year-old chemistry with capital-light manufacturing to provide a truly disruptive process for next-generation renewable fuel and industrial chemicals production.”
The ENSEL process combines esterification of free fatty acids and transesterification of triglycerides into a single process, which is a long-standing technology goal of the biodiesel and oleochemical industries.
Bezdek will join the Benefuel board of directors. Benefuel will operate the integrated pilot plant, which will most likely be located in Texas.
Flint Hills Resources, LLC, through its subsidiaries, is a leading refining and chemicals company. It markets products such as gasoline, diesel, jet fuel, ethanol, olefins, polymers and intermediate chemicals as well as base oils and asphalt. The company, based in Wichita, Kan., has expanded its operations through capital projects and acquisitions worth more than $5.3 billion since 2002. With about 3,600 employees, Flint Hills Resources strives to create value for customers and society. www.fhr.com
Benefuel, Inc., is based in Chicago. The company is commercializing the world’s most advanced, solid catalyst biodiesel refining platform, capable of producing high quality biodiesel from almost any type of feedstock. Its ENSEL™ process transforms the old model of large batch, centralized fuel production and fragmented distribution into a new model of localized production and consumption from the vast array of renewable, inedible fats and oils available in the global market. www.benefuel.net.