International Procurement Tools LLC of Reno, Nev., and Incbio of Trofa, Portugal, announced June 18 the signing of a Memorandum of Understanding to form a joint venture to cooperate in the sale, marketing, distribution design and installation of Incbio’s breakthrough ultrasonic cavitation technology worldwide.
The biodiesel industry has had its best year of production in 2011, but the profit margins have been dwindling due to the high cost of feedstock and the rising cost of production. The new cavitation systems offer much more flexibility in the selection of oil-bearing feedstock from higher FFA greases to complex acceptance of the new algae that are starting to appear. The new facilities’ returns on investment promise to be shorter and production cycles simpler.
“We are in no sense abandoning the esterification units pioneered by the University of Kassel,” said Peter Brown, IPT president and co-founder. “We are offering our clients an alternative that will meet most of their requirements. As a matter of fact, the balance of plant remains the same proven design and we anticipate orders from existing facilities in retrofitting these new units into older facilities. We are very happy to work with Incbio in order to meet the demands of the market, allow more flexibility in production and meet the upcoming governmental biodiesel requirements. We already have a commitment from the largest biodiesel production project in Canada to install the new reactors on their site.”