IRWIN, CA. and BOSTAN, February 16, 2022 / PRNewswire / – Vertimass and World Energy today announced a Memorandum of Understanding on cooperation in the development and application of Vertimass Technologies for the production of renewable fuels, including sustainable aviation fuel (SAF). World Energy is studying the integration of Vertimass’ patented alcohol with renewable fuel technologies for SAF, biomass-based diesel, green gasoline, renewable oil and other renewable fuel products.
Under the agreement, the two companies will jointly develop projects to convert alcohol into hydrocarbon fuels using Vertimass technology. In the future, World Energy may license Vertimass technology for commercial production.
“We are grateful to be working with the excellent Vertimass team on what will be an important new process to transform a new source of raw materials for our products,” he said. Gene Gebolis, CEO of World Energy. “Fats, oils and fats have received biomass-based diesel and sustainable aviation fuel and will allow us to grow. But on land, rail and sea the need for access to low-carbon fuels is constantly growing. To ensure this, we will need to work together and innovate to find new and better solutions. To this end, we are very excited to work with Vertimass. “
President and CEO of Vertimass Charles Wyman added: “The partnership with World Energy will create a mutually beneficial relationship for the two companies, which will ultimately increase the production of low-carbon fuel.”
Vertimas Chairman, Bill Shopaff added: “As demand and demand for clean fuels can only grow, we are excited to develop this relationship with World Energy so that we can work together to make a significant impact on reducing carbon emissions and reducing the impact of aviation on global climate change.” .
About Vertimass technology
Vertimass technology sustainably produces vital fuels and chemicals from methanol, ethanol and other renewable alcohols in high yields, which can significantly reduce greenhouse gas emissions compared to producing these products from petroleum. The simplicity of this one stage reaction leads to low capital and operating costs. The technology originated at Oak Ridge National Laboratories, which is managed by UT-Battelle, and Vertimass received exclusive rights worldwide in 2014.
Vertimass technology for the production of jet fuel and chemicals from carbon-derived methanol offers ethanol producers, power plants, cement and other carbon sources the opportunity to reduce greenhouse gas emissions. In addition to helping reduce the carbon footprint, jet, diesel and gasoline fuels and chemicals derived from renewable alcohols can improve strategic security, the rural economy and international competitiveness.
About Vertimas Ltd.
Vertimass LLC is located in Irwin, CA. Vertimass’s mission is to develop and widely license breakthrough technologies that significantly expand the production of sustainable transport fuels and chemicals that reduce greenhouse gas emissions and improve energy security and the domestic economy. The commercialization of Vertimass ’patented technology can overcome the wall of the mix that currently hinders the expansion of ethanol production from multiple biomass sources, and open new large markets for fuel for aircraft and heavy vehicles, and for chemicals that are currently ethanol-resistant. For more information, visit http://www.vertimass.com/.
This is not an offer to sell or an offer to purchase any security. Such a proposal may be made only by means of a proposal document which must accompany or precede this information. There is no certainty that this strategy will be able to achieve its goals. All investments are at risk, including loss of investment; please see the Risk Factors section of the proposal document. Securities offered through Shopoff Securities, Inc. Member of FINRA / SIPC.
About world energy
World Energy is working to make zero carbon emissions real, giving leaders the right to confront the world’s biggest challenge. Since 1998, World Energy has been implementing all the best solutions for low-carbon fuels for the heaviest transport sectors on land, sea and air. The company operates manufacturing and distribution facilities throughout the United States and Canada. У Southern Californiahe works first in the world and North America only in the commercial production of sustainable aviation fuel (SAF). Thanks to SAF’s innovative solution, World Energy enables corporate leaders, including Boeing, Amazon, United, JetBlue, Rolls-Royce and others, to make real progress on the path to a fossil-free flight. For more information, visit www.worldenergy.net.
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SOURCE VERTIMASS LTD