AE Biofuels Subsidiary Receives $1.88 Million Grant
According to Business Wire, AE Biofuels, Inc., a global vertically integrated biofuels company, announced its wholly-owned advanced ethanol subsidiary AE Advanced Fuels Keyes, Inc., has been awarded a $1.88 million matching grant from the California Energy Commission to accelerate the commercial implementation of its patent-pending, enzyme based, cellulosic ethanol production technology. The integrated cellulose/starch pre-development facility will be located near the 55 million gallon per year commercial ethanol facility the company plans to restart and operate in Keyes, Calif., in late April, 2011. The pre-development facility will further optimize the company’s enzyme technology utilizing multiple agri-waste feedstocks in conjunction with traditional corn inputs in order to ready the integrated process for commercial implementation. When fully incorporated into an operating ethanol facility, the company anticipates that the integrated cellulose/starch technology could replace up to 25% of traditional corn inputs with non-edible agricultural waste feedstocks, thus reducing fossil fuel consumption and overall greenhouse gas emissions.