Thursday, October 20, 2016

EE-AGG Advances in $20M NRG COSIA Carbon XPRIZE

Iowa Team Reimagines What Can Be Done with CO2 Waste


(Boone, IA) An Iowa-led collaboration of rural investors, business leaders and engineering companies called the EE-AGG Team, today announced that it has been named as one of the 27 teams advancing in the $20M NRG COSIA Carbon XPRIZE, a global competition to develop breakthrough technologies that convert the most carbon dioxide emissions from coal and natural gas power plant facilities into products with the highest net value.

The EE-AGG Team is a private sector venture that includes investors from Iowa, Texas, Kansas, and Arkansas.  The Team is coordinated by agricultural economist and university professor Dr. Mark Edelman of Boone, Iowa; and includes John Wooley, Earth Energy business executive from Austin, Texas; Dave Stevens, operations manager for a western Iowa rural electric cooperative; Dr. Zhichao Wang, carbon consultant for EcoEngineers based in Des Moines, Iowa. The Team’s initiative is based on initial experiments involving proprietary BTE technologies and technical engineering and feasibility analyses of multiple scenarios conducted by a California-based process engineering and project management company that serves multiple energy sectors in 45 countries globally.

The EE-AGG Team has been selected for the second round of competition by proposing to convert CO2 waste emitted from coal and natural gas power plants in combination with renewable power from wind and solar sources and carbonaceous feedstocks, including lignin and renewable natural gas, into industrial alcohol-based intermediate products for use in production of chemicals, construction materials, plastics, and biodiesel.  EE-AGG is one of 13 teams selected for competition in CO2 conversion from coal emissions, and one of 21 teams for CO2 conversion of natural gas emissions.

Launched in September 2015, the Carbon XPRIZE competition addresses global CO2 emissions by incentivizing innovative solutions to convert CO2 from a liability into an asset. Co-sponsored by NRG and COSIA, the four-and-a-half-year competition is designed to address CO2 emissions from fossil fuels, a leading contributor to climate change. Semi-finalist teams hail from Canada, China, India, Switzerland, Scotland and the United States, and among the teams competing are leading carbon capture technology companies, top-tier academic institutions, non-profits and new startups. The advancing teams propose converting CO2 into products as varied as enhanced concrete, biofuels, toothpaste, nanotubes, fish food and fertilizer.

Teams selected to participate in Round 2 of the competition will demonstrate their innovative technology at pilot scale at a location of their own choosing, using either real flue gas or simulated flue gas stream. Over a ten-month period, teams must meet minimum requirements and will be scored on how much CO2 they convert and the net value of their products. Following Round 2 judging scheduled for November and December 2017, up to five teams in each track that score the highest will share a $2.5 million milestone purse and move onto the finals of the competition, demonstrating their technology at real-world power plants.

For more information about the EE-AGG Team, please visit www.aggbiofuel.com.



About the NRG COSIA Carbon XPRIZE
Few challenges are greater and more critical than ensuring access to clean, affordable and abundant energy. As the global energy supply remains primarily derived from fossil fuels – the leading contributor to climate change – the $20M NRG COSIA Carbon XPRIZE will challenge the world to reimagine what we can do with CO2 emissions by incentivizing and accelerating the development of technologies that convert CO2 from a liability into valuable products. For more information, visit: carbon.xprize.org.

For more information about the NRG COSIA Carbon XPRIZE, visit carbon.xprize.org

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Media Contact:
Alex Merk
515-290-4575
alexandria.merk@gmail.com

Saturday, August 20, 2016

Carbon XPRIZE Announces Iowa Team among 47 in Global CO2 Competition


LOS ANGELES (July 27, 2016) — XPRIZE, the world’s leader in designing and managing incentive competitions to solve humanity’s grand challenges, today announced a total of 47 entries from seven countries will contend to win the $20M NRG COSIA Carbon XPRIZE, a global competition to develop breakthrough technologies that convert the most CO2 into one or more products with the highest net value. Competing teams hail from Canada, China, India, Finland, Switzerland, Scotland and the United States. An Advisory Board of nine leading experts in the fields of chemical and biological engineering, energy and sustainability and public policy, also announced today, will advise the Carbon XPRIZE.

The NRG COSIA Carbon XPRIZE, launched in September 2015, addresses global CO2 emissions by incentivizing innovative solutions to convert CO2 from a liability into an asset. The 4-½ year competition will include two tracks, with the new technologies tested at either a coal power plant or a natural gas facility. Among the teams competing are leading carbon capture technology companies, top-tier academic institutions, non-profits, new startups and even a father and son team. A complete listing of teams competing in Round 1 is posted on the XPRIZE site: www.xprize.org .

“These teams, as well as our advisory board, represent an exciting mix of talent with expertise across a broad spectrum of sciences that will be applied to create technologies that mitigate CO2 emissions globally,” said Paul Bunje, Ph.D., principal and senior scientist, Energy and Environment group at XPRIZE. “Such widespread interest and support demonstrates an unwavering global commitment to take a radical leap forward to address climate change.”

The $20M NRG COSIA Carbon XPRIZE features three rounds of competition.  In Round 1, each team submitted project documents surrounding technical and business viability assessments of its approach, and independent panel judging underway. Up to 15 semi-finalist teams in each track are scheduled to be announced on Oct. 15, 2016.  Round 2 enables teams to demonstrate their technologies in a controlled environment using a simulated power plant flue gas stream, with up to five teams in each track moving forward and sharing a $2.5 million milestone purse.  Round 3 entails larger scale technology demonstration under real world conditions, with access to two test centers adjacent to existing power plants. In each track, the winner will be awarded a $7.5 million grand prize.

An Iowa-based team called EE-AGG is among the 47 entries competing in the Carbon XPRIZE Competition. The EE-AGG Team is coordinated by Dr. Mark Edelman, economist and Iowa State University professor from Boone, IA.  Along with Edelman, EE-AGG includes Dr. Eric Wagner, Vice President for Technology Development, Technip Stone and Webster Process Technology Inc., from Claremont, CA; John Wooley, Earth Energy Renewables business leader from Austin, TX; David Stevens, Director of Operations and Economic Development Program Manager for Harrison County Rural Electric Cooperative located at Woodbine IA; Dr. Zhichao Wang, Carbon Consultant for EcoEngineers based in Des Moines, IA; and 22 other company board members and technical advisors from across the country.  EE-AGG is commercializing proprietary processes developed by Dr. Gary Young, P.E., Bio-Thermal-Energy Inc., of Cedar Rapids, IA in combination with other commercially available technologies. 

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Media Contacts:  Eric Desatnik / Jackie Wei
310.741.4892 / 310.741.4918

Iowa Team Contacts:  Mark Edelman / Alex Merk
515.298.1871 / 515.290.4575

Wednesday, October 15, 2014

Young Presents Paper at National Advanced Biofuels Conference

October 13, 2014
Gary C. Young, Ph.D., P.E.  presented a paper titled, “B-T-E’S Proprietary Process for Conversion of CO2 to Green Fuels and Chemicals, including highlights from an independent assessment by Technip [Technip, Stone and Webster Process Technologies].” at the National Advanced Biofuels Conference, Minneapolis, MN; October 13-14, 2014.

Thursday, September 4, 2014

Young Presents Paper at TCS Symposium

September 3, 2014
Gary C. Young, Ph.D. P.E.  presented a paper titled, “B-T-E’S Proprietary Process for Conversion of CO2 to Green Fuels and Chemicals, including highlights from an independent assessment by Technip [Technip, Stone and Webster Process Technologies]” at the TCS-2014 Symposium on Thermal & Catalytic Sciences for Biofuels & Biobased Products, sponsored by National Renewable Energy Laboratory (NREL) and Iowa State University Bioeconomy Institute.  Denver, CO on September 03, 2014

Tuesday, June 17, 2014

Edelman Presents Paper at IAEE Annual Meeting


June 16, 2014
Mark A. Edelman, Ph.D. economist presented a paper co-authored by Gary C. Young, Ph.D. P.E., John C. Wooley, and Eric Wagner, Ph.D. P.E., titled, “A Commercialization Case Study of New Technology for Conversion of CO2 Emissions to Alcohol Fuels for Stimulating Economic Growth.” at a session of the International Association of Energy Economics (IAEE) Annual Meetings in New York, NY on June 15-18, 2014.

Tuesday, September 10, 2013

Midwest Ethanol Could Become A Primary Global Carbon Offset Industry

Omaha, NE— A new technology could soon multiply the amount of biofuels produced in the Midwest while it reduces CO2 emissions that many scientists think negatively impact climate change. Even better yet, the new advanced biofuel can be produced competitively at corn-ethanol facilities--without using more corn, says a chemical engineer speaking to the National Advanced Biofuels Conference at the Omaha CenturyLink Center.

Dr. Gary C. Young, P.E., President, of Bio-Thermal-Energy, Inc., of Cedar Rapids, Iowa told participants at the Conference that the new proprietary technology uses gasification to convert a stream of CO2 in combination with another carbonaceous feedstock into syngas, which can in turn be further processed with other commercially available technologies to produce electricity, process heat, or to produce methanol, ethanol, green gasoline, and/or higher value products. The B-T-E technology proposes to reduce and recycle the current waste streams of CO2 emissions from ethanol plants and other industries that many scientists say are causing harmful changes to the climate and then use the CO2 as an input feed for economical production of higher value products.

Young says that recent experimental demonstrations at a 12.5 ton per day scale conducted at a private third-party pilot plant facility has demonstrated the process works and shows that it may soon be possible to competitively double the amount of biofuel produced at an existing corn-ethanol facility without using more corn.

“The B-T-E technology could build a bridge between the ethanol industry and the natural gas industry to help reach national goals for energy independence at a time when certain parts of the world remain subject to terrorism and instability,” he said.

“The B-T-E technology may also be an important bridge between ethanol and environmentalists by reducing carbon emissions into the atmosphere,” said Young.

Concerns about climate change have been increasing with an apparent rise in the number of recent natural disasters and weather related events such as Hurricane Sandy, droughts and forest fires. In May 2013, scientists for the first time measured an average concentration of atmospheric carbon dioxide of 400 parts per million in Mauna Loa, Hawaii, where the National Oceanic and Atmospheric Administration (NOAA) observatory is located.

Also in May, an Interagency Task Force of the federal government released estimates of social costs from carbon emissions projected for 2010 to 2050. For 2020, estimates of the social costs ranged from $12 to $129 per metric ton of CO2 emissions. Young says a typical 100 mgy ethanol plant generates 37.7 tons of CO2 per hour. If the plant deployed the BTE technology, about $3 million in extra revenue could be generated annually at a $10 per ton compensation rate. Recent media reports that California Air Resources Board (CARB) is proceeding with the implementation of a carbon offset incentive program in that state.

Young says the corn ethanol industry represents “low hanging fruit” for the new B-T-E technology because CO2 emissions into the atmosphere from the fermenters of a typical ethanol plant are 97 percent pure. As a result, it is an excellent feedstock for the CO2 conversion process that uses the waste stream in combination with another carbonaceous input--such as biomass, natural gas, coal, and coke—to produce syngas that would be used as an input for other products.

“If done right, the BTE technology could improve the economics of the Midwest corn-ethanol industry and at the same time turn it into the number one global carbon offset industry within a very short period of years,” said Young.

Young said the proprietary BTE technology is licensed to a joint venture

involving Earth Energy, which has investors including retired General Wesley Clark and John and Jeff Wooley from Austin,Texas, and American Green Gasoline, LLC, which has investors from Western Iowa and Northeast Kansas. Currently a third-party engineering design and economic feasibility study is being conducted to scale up to commercialization.

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For more information see:

Dr. Gary Young, P.E., B-T-E, Inc. (319) 373-5191 www.b-t-einc.com/

John Wooley, EE-AGG LLC (512) 658-3404

Dave Stevens, AGG LLC (712) 592-1981 www.aggbiofuel.com

Monday, July 15, 2013

AGG raises more than $230,000 for Joint Venture Study to Commercialize CO2-Biofuel Conversion Technology

Woodbine, IA--American Green Gasoline, LLC (“AGG”) announced today that it successfully concluded a capital raise of more than $230,000 in April 2013 in a private placement to investors from western Iowa and northeast Kansas. As a result, AGG has entered into a joint venture with EE-CO2 LLC (“Earth Energy”) of Austin, Texas for the purpose of commercializing a CO2 conversion technology. The proprietary process was developed by Bio-Thermal-Energy, Inc. (“BTE”) and combines CO2 with other carbonaceous inputs-- such as natural gas, coal or biomass--to produce syngas for further processing into methanol, ethanol, green gasoline, and higher value products, or for electricity generation and/or process heat.

“We are excited about taking the next step with the BTE technology as we believe the technology holds great promise for using CO2 currently emitted into the atmosphere from ethanol plants, electric power generation facilities and other industries and then converting it to additional fuel, green gasoline, or additional electricity,” said AGG LLC spokesperson, Dave Stevens.

“The CO2 conversion technology creates new possibilities and pathways for existing industries to become compliant with the Climate Change Initiative recently announced by President Obama on June 25, 2013,” said Stevens.

“The proprietary technology licensed to the new joint venture was developed by Dr. Gary C. Young P.E. of Cedar Rapids, Iowa, who has over 40 years of experience in the oil and gas, chemical, food, and pharmaceutical industries,” Stevens said.

“Dr. Young is scheduled to speak on the CO2 to syngas conversion technology opportunity at the National Advanced Biofuels Conference & Expo in Omaha coming up from September 10 through September 12,” Stevens added.

“The Earth Energy-AGG joint venture announcement culminates three months of effort in raising capital and two months in forming the joint venture and negotiating the licensing agreements before the PRE-Front End Engineering Design study could begin,” said Stevens.

The board of the new joint venture entity includes John Wooley and Jeff Wooley, Austin, Texas; Mick Guttau, Treynor, Iowa; and Dr. Mark Edelman, Boone, Iowa. Dave Stevens of Woodbine, Iowa serves as board secretary and alternate board member.

“While much of the media attention has focused on entrepreneurship and the venture capital raised in larger metro areas, this team effort is a little unique in that all of the investors in AGG are farmers and investors from rural America and communities of less than 15,000 in population,” Stevens added.

Stevens said that a third-party engineering design and economic study to determine the feasibility for commercializing the BTE technology is now underway.

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For more information see: www.aggbiofuel.com

Or contact Dave Stevens at 712 647 2815