This startup produces clean energy by converting agricultural waste, such as straws and corn stalks, into sustainable alternatives to petroleum-based products. By utilizing this biomass conversion process, the company provides a pollution-free energy source while generating substantial profits.
Funding
$800K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The traditional petroleum-based refining industry contributes significantly to greenhouse gas emissions and relies on the extraction of finite fossil resources. Reliance on oil refineries results in air and water pollution, impacting both the environment and public health.
Solution
New Energy Blue offers a sustainable alternative by converting agricultural residues, such as corn stover and wheat straw, into low-carbon biofuels, biochemicals, and bioplastics. Utilizing a proprietary biomass conversion technology, New Energy Blue's refineries process these agricultural leftovers, transforming them into valuable products like cellulosic ethanol and clean lignin. This approach reduces reliance on fossil fuels, lowers greenhouse gas emissions, and provides a second income stream for farmers. The resulting biofuels can be used in transportation, while the biochemicals and bioplastics serve as sustainable substitutes for petroleum-based materials in various industries, including plastics, textiles, and road construction.
Target Audience
The primary target audience includes fuel distributors, chemical companies, plastics manufacturers, and government entities seeking sustainable alternatives to petroleum-based products, as well as farmers looking for additional revenue streams from agricultural waste.
Features
- Proprietary Inbicon™ technology for efficient biomass conversion
- Production of cellulosic ethanol, a low-carbon biofuel suitable for blending with gasoline or further refining into jet fuel
- Production of clean lignin, a bio-solid that can replace oil-based products in plastics, lubricants, and asphalt road binders
- New Energy Biomass Refinery™ design for processing agricultural residues and energy grasses
- New Energy Aggregation System™ for sustainable and cost-efficient feedstock sourcing
- New Energy Chemicals process for converting cellulosic ethanol into bio-based ethylene for renewable plastics
- Lignin360 engineered road paving for longer-lasting and cost-effective asphalt