Shell has announced that it has signed an exclusive agreement that grants Shell exclusive development and licensing rights for SBI Bioenergy's patented renewable drop-in biofuels.
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.
Canada-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 commercialise our low carbon intensity renewable fuel process. 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, said Inder Singh, SBI’s Founding President and CEO.
SBI uses a continuous catalytic process that converts fat, oil or grease into renewable gasoline, diesel and jet fuel that can be dropped directly into petroleum fuels without blending or any modifications to engines or infrastructure.
SBI has a promising new Canadian biofuels technology. This is a great opportunity for us to combine Shell’s innovation and commercialization capabilities with SBI’s technical expertise to investigate the potential this technology has for commercial application, said Andrew Murfin, General Manager, Advanced Biofuels for Shell.
