16-02-2015

BioTorTech nominated as ‘Best Bio-based Product Innovation’

Green Chemistry Campus tenant BioTorTech has been nominated in the category 'Best Bio-based Product Innovation' by World Bio Markets.

World Bio Markets has short listed BioValGroup CV, a joint venture of BioTortech together with EucoCorp, for the WBM Bio Business Awards. The WBM Bio Business Awards will take place on Monday, 2 March 2015 in Amsterdam.

About the award category

"The category 'Best Bio-based Product Innovation' is designed for a biofuel or bio-based chemical product boasting pioneering innovation. The award is open to those who created a biofuel or bio-based chemical product boasting pioneering innovation. Demonstrating consistent innovation and entrepreneurial spirit isn’t always easy. For most organisations, year-on-year progress is a difficult benchmark, particularly in the context of nascent technological industries. So how do some businesses make it look easy? The Bio-based Product Innovation of the Year honours industry pacesetters for their consistent commitment to innovation and progress in the bio-economies industry."

In addition to the general criteria above, judges will be rating entries against the following criteria:

• Demonstrates a bio-based product innovation which is price competitive or out-performs the leading market competition
• Demonstrates a positive social and/or economic impact in the industry
• Demonstrates a high level of entrepreneurial spirit, leadership, perseverance, innovation, and commitment to the furthering the bio- industry

About BioTorTech

BioTorTech's mission is to enable their clients to use the best technologies to meet their biomass potential using torrefaction. BioTorTech aims to be the linking pin between investment, development and implementation of best in class technologies for their customers. BTT is focussed initially on converting bio-feedstock wastes and wood byproduct businesses in Europe, South America and Asia Pacific by producing the second generation fuel pellets, by applying torrefaction energy densification technologies. BTT is also examining opportunities to establish a portfolio of renewable energy and technology investments that spread risk and offer attractive economic returns. BTT believes that while fossil fuels and carbon costs will increase in the long- term, any renewable energy business, but especially torrefied pellets needs to be robust and competitive over the medium-term to survive in volatile energy markets.