THE VILLARALTO BIOREFINERY
Working through our operating SPV in Spain is IVS – INNOVACION VERDE SOSTENIBLE SL the project is expected to break ground in Q3/Q4 2020.
The supply of feedstock will be from local ollive tree prunings and olive pomace. We have a contract with two companies that will guarantee us the level of 180,000 tons per annum of biomass/ This will enable us to produce 40- 50,000 tons of ethanol, 25,000 tons of lignin and 50,000 tons of carbon dioxide. We are developing a capacity to develop upto 20,000 tons of Xylitol as well.
END PRODUCT OFFTAKE
We have agreed in principle for the offtake of ethanol and crude lignin oil by a large multinational oil and gas operator.. The lignin that we will produce will be converted using methanol to crude lignin oil.
The company has already established supplies of major equipment. The placing of orders will follow detailed engineering which in itself will follow the financial closure.
The plant is going through the final stages of the permitting to make provisions for electricity, gas and water supplies.
LOCATION OF THE PLANNED BIOREFINERY
The biorefinery will be located on leased land in the village of Villaralto about 80km from Cordoba in the north west direction. The localisation map is as in the plan.