Periodic Reporting for period 1 - BioFuel Fab (Biogas production from non-food lignocellulosic biomass waste.)
Berichtszeitraum: 2019-12-01 bis 2020-05-31
The application of BioFuel Fab will allow the exploitation of lignocellulosic materials as biogas generation plants feedstock. This will support EU institutions to reach the target of 32% for renewable energy by 2030 and of biogas production of 50 billion m3 per year.
1- Technical Feasibility Study – BioFuel Fab plant is designed and optimized; a Bill of Materials for a pilot plant is delivered; industrial sites for pilot plant installation and testing are selected; certifications needed are defined; applications for brown pellets (the by-product of BioFuel Fab process) are validated.
2- Business Feasibility Study - a market survey is delivered to verify the market dimension and quantify the market potential; customers and key partners are met and involved in the initiative; the business model for market uptake is selected; the business plan and go-to-market strategy are delivered, together with the IPR strategy; the next phases technical / commercial activities and financing needs are defined.
To reach the industrial scale and enter to the market, Finrenes needs to:
• manufacture a pilot plant to demonstrate BioFuel Fab industrial feasibility;
• validate the pilot plant in one of the hosting sites identified;
• promote and industrialize BioFuel Fab, with the scope to select partners for commercialization.