Beta Renewables is a unique $350 million joint venture formed from the Chemtex division of Gruppo Mossi & Ghisolfi and TPG and is dedicated to making cellulosic biomass practical and cost-effective for the production of advanced biofuels and biochemicals.
“There are obvious synergies between Beta Renewables’ efforts to commercialize ligno-cellulosic bio-ethanol production and the Advanced Ethanol Council’s singular focus on developing forward-looking policies and open markets for the advanced ethanol sector,” said Guido Ghisolfi, President and CEO of Beta Renewables. “The Advanced Ethanol Council has put itself at the center of the discussion about promoting both advanced ethanol and advanced biofuels as a whole, and we see our membership with the Council as a critical part of our efforts to further develop Chemtex’s PROESA technology and related business platforms in the United States.”
Beta Renewables has invested over $200 million in the development of its PROESA™ process. The company is currently building the world’s largest cellulosic ethanol facility in Crescentino, Italy, which is expected to be in commercial production in mid-2012. The company has signed a number of PROESA™ technology licensing agreements with U.S. companies and is in the process of bringing its unique processing technology to the U.S. marketplace.