London, England – 10th June 2008: Energexia Limited, a UK company, today announces the acquisition of the assets and Intellectual Property Rights of UVK Gmbh for an undisclosed sum. UVK has been at the forefront of producing synthetic diesel fuel from biomass and a variety of waste materials. Energexia was advised by SFCapital Limited.
Energexia Limited will exploit the synthetic diesel technology developed by UVK on an international basis. Using so called “2nd generation” technology based specifically on depolymerisation or direct liquefaction, Energexia is now able to cost effectively produce high quality, pump-ready synthetic diesel from biomass and waste material such as paper, rubber, plastic and waste oil. Depolymerisation using catalysts is a thirty year old process and has been proven to produce diesel fuel by a number of scientific, research and commercial organisations. UVK has significantly enhanced the effectiveness of the process through a series of innovations that improve its scalability, productivity and reliability.
The founder of UVK, Wolfgang Gruhnert, now holds a significant stake in Energexia and will lead further product development. Herr Gruhnert comments, “I am delighted that Energexia has chosen to exploit the technology developed here in Leubsdorf. Over the last two years we have managed to move the technology forward in several areas. I am excited about the opportunities presented by this next generation of technology and working in an international organisation.
Mark Vickery, a Director of SFCapital and Energexia added, “Creating Energexia and now securing this unique technology has been the result of several months hard work. We now look forward to working with Wolfgang Gruhnert and his engineering team to further develop his unique innovations. Energexia can now address the growing “waste to energy” and “biomass to liquid” markets with confidence. With manufacturing costs below 30 eurocents per litre of diesel we fully believe that our technology would be relevant even if the price of crude oil fell dramatically. We are in the enviable position of having secured significant client contracts for the technology and we look forward to working with our customers in exploiting a new and exciting market opportunity”.
Energexia uses low temperature, depolymerisation to produce synthetic diesel from the hydrocarbons found in waste material including paper, rubber, plastic, waste oil and any biomass. It does so using a combination of proven chemical processes and unique refining technology, resulting in high quality synthetic diesel suitable for use in any diesel engines. Energexia manufactures synthetic diesel refineries in Leubsdorf, Saxony, Germany and is licensing the technology to joint venture partners in Europe and the USA.
For information about Energexia email email@example.com.
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