Shell signs biofuel technology agreement with SBI BioEnergy Inc.
CALGARY — Royal Dutch Shell plc, through its subsidiary Shell International Exploration and Production B.V., and SBI BioEnergy Inc. have reached an agreement granting Shell exclusive development and licensing rights for SBI's biofuel technology.
Edmonton-based SBI has a patented process that can convert a wide range of waste oils, greases and sustainable vegetable oils into lower carbon drop-ins for diesel, jet fuel and gasoline. Under the agreement, Shell and SBI will work together to demonstrate the potential of the technology and, if successful, scale up for commercial application.
"We are confident that Shell is the right industry partner to commercialize our low carbon intensity renewable fuel process," said Inder Singh, SBI's Founding President & CEO. "Working with Shell means that we have a partner with proven capabilities to investigate the potential this technology has for global application and that is something that is very exciting for us."
SBI uses a continuous catalytic process that converts fat, oil or grease into renewable gasoline, diesel and jet fuel that can be dropped directly in to petroleum fuels. SBI's drop-in products do not require blending or any modifications to engines or infrastructure. Biofuels emit less CO2 than petroleum products so their addition to fuels has the potential to reduce transport emissions and help fuel suppliers to meet lower carbon or renewable fuel standards.