GILBERT, Ariz. -- Diversified Energy Corporation has agreed to the terms of an exclusive worldwide license with North Carolina State University for an innovative and breakthrough biofuels technology.
The patent-pending process, termed Centia(TM), Centia(TM), a name derived from Crudus Potentia (meaning "green power" in Latin), can utilize feedstock oils from edible and inedible animal fats, waste oils, agriculture crops like soybean, algae, newly proposed energy crops, or any other lipid-based feedstock. This provides the owner of a Centia(TM) biofuels plant the flexibility to use the most attractive feedstock at any given time or location.
The Centia(TM) provides several key advantages over other biofuel production processes, including:
Centia(TM) is initially being positioned to produce commercial and military jet fuel and a cold-weather biodiesel additive -- both of which are challenging and complex hydrocarbon fuels and heretofore have received little attention by the biofuels industry. The overall process flexibility will allow for broad marketplace acceptance and unprecedented options for Centia(TM) biofuel plants to adapt to the ever-changing feedstock and fuels market.
North Carolina State University, a research and academic leader in engineering, agriculture, and bioenergy sciences, has been developing the pieces to Centia(TM) over the last decade. Recent results have proven the fundamental science and defined a path forward to an integrated demonstration and pilot-scale plant.
The process is expected to deliver an end-to-end energy efficiency in excess of 85 percent, a key metric in determining the eventual affordability of the biofuel generated. This high efficiency is a result of the process requiring less than one-half the external energy to operate than other traditional biofuels techniques. The fuel will also be compliant to aviation fuel specifications, including energy density and cold flow properties.
Diversified Energy Corporation has been supporting the university in systems integration, scaleup, and the overall commercialization of the technology.
Phillip Brown, president and CEO of Diversified Energy, said, "Centia(TM) represents an absolute breakthrough and we couldn't be more excited to be working with North Carolina State University to bring it to market. A highly efficient, enormously flexible technology has finally arrived that mitigates the many challenges associated with feedstock availability and pricing, process efficiency, and biofuel affordability."
John Gilligan, Vice-Chancellor for Research and Graduate Studies at North Carolina State University, said, "Diversified Energy represents the capable and experienced partner the university needs to take this technology to the next step. The university is committed to the biofuels market area and is eagerly awaiting the introduction of Centia(TM) biofuel plants."
Headquartered in Gilbert, Ariz., Diversified Energy Corporation is a privately held alternative and renewable energy company focused on maturing innovative technologies, developing commercial energy projects, and providing engineering services support to project developers. Principal areas of expertise include biofuels, gasification, and next-generation solar.
A nationally recognized leader in science and technology with historic strengths in agriculture and engineering, North Carolina State University provides a high-quality education in the humanities and social sciences, design, education, life sciences, management, natural resources, physical and mathematical sciences, textiles and veterinary medicine.
NC State's Office of Technology Transfer manages the University's patent and technology portfolio, currently consisting of 552 U.S. Patents and approximately 1600 proprietary technologies. Forming partnerships with innovative companies such as Diversified Energy fulfills NC State's mission of getting academic discovery to the market for the greater public good.
SOURCE: Diversified Energy Corporation via PR Newswire.