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We read Knic's news release on the Pure Energy--Arkenol agreement, now read a another news release put out by the Arkenol people, a couple days later, here it is:
OXY-FUEL NEWS, February 17, 1997
ARKENOL, PURE ENERGY TEAM UP TO DEVELOP NEW
ALTERNATIVE FUEL
Arkenol, Inc. and Pure Energy Corp (PEC) entered into an agreement to research and
develop cost-effective ways of making bio-based chemicals for a new fuel developed by
PEC. The agreement entails laboratory development of the process and construction of
a pilot facility.
Neither company is disclosing specifics of the fuel or its production, but it will operate in
E-85 vehicles. The pilot facility will be built at the Arkenol Technology Center.
"We have developed the fuel in association with Princeton University, using feedstocks
that come from bio-waste or agricultural waste," said Scott Dunlop, co-founder of PEC.
"It is a liquid fuel that will be delivered through the current infrastructure." Pending patent
approval, PEC will hold the exclusive worldwide license from Princeton to market the
fuel, he added.
While the chemicals used in PEC's formulation can be derived from more traditional
petrochemical processes, using Arkenol's acid hydrolysis technology will reduce the cost
of production, said Mark Carver, vice president of business development for Arkenol.
"Using carbon from petrochemical processes is expensive," he said. "Since we start with
a very inexpensive sugar, we are able to produce the chemicals more cost-effectively."
The process will also help reduce greenhouse gas emissions and therefore help meet
new policies on global warming, said Carver.
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