Innovation provider

Cortus, http://www.cortus.se/

Contact

Rolf Ljunggren
Isafjordsgatan 39B
164 40 Kista
Stockholm
Sweden
Office Tel.: +46 (0)86 269 842
Mobile Tel.: +46 (0)70 694 4898

Description

Description/ Special features.
Fast growing renewable energy market
·         Global market is forecasted to grow at 15% p.a. to cover 23% of the global energy demand in 2030
·         40% of the growth in biomass-based energy required in the OECD to fulfill carbon emission reduction targets
·         Energy intensive production processes will need adjustments to comply with stricter emission restrictions
Unique and commercially viable innovation
·          Superior gasification technology with regards to thermal efficiency, gas quality and economic feasibility
·          Validated through first signed contract, current sales funnel and by leading engineering consultancy company
·          Co-operation with leading technology suppliers for sub-systems has been secured
·          Successful development in laboratory and excellent pilot scale performance for a wide variety of feedstock
High barriers to entry
·          Three technology patents for WoodRoll gasification process, further applications during 2010
·          Based on materials, technology and capabilities that are hard to replicate
·          Scarcity of expertise in evaluating, designing and implementing gasification solutions
Significant sales funnel for applications in process-, power- and waste industries
·          Contract for the first demonstration plant signed with Nordkalk
·          LOI signed with major steel producer
·          Sales co-operation agreement with a Chinese partner
·          Several inquiries and negotiations for the developed 5 MW across the world are ongoing
Experienced and well-connected management team
·          Management and Advisory Board with extensive business and technology experience
·          Excellent reputation within the Nordic and International markets
·          Close connections with leading system suppliers and technological partners as well as potential customers
 

Advantages


Main advantages of the offer
The WoodRoll gasification technology offers a thermal efficiency of 80%, flexibility to use a variety of biofuels, no fossil CO2 emission and a clean synthesis gas in one integrated process providing the lowest running and investment costs on the market.
The business model offers process industry customers the lowest hurdles to get in to renewable fuel as Cortus will invest in the necessary infrastructure to supply the customer. Customers needs to get in to a long term contract for energy supply (+10 Years). Power industry business model for combined heat and power is built upon selling Front End Engineering and Design ([FEED] = license and engineering package) where our customer will realize the project with a third party EPC contractor (Engineering, procurement, construction). Waste management industry expected to do business in the same manner as power industries or being the fuel provider for Process industries.

Innovative aspects (ecologic, social and economic)

Environmental Aspects
First demonstration project will lower the customer carbon emissions by 14 000 ton per annum and when expanding the capacity the carbon emissions will be 70 000 tons lower (for a single site).
The target market in EU has 202 Mtons of fossil CO2 emissions to be lowered by implementing WoodRoll (10 Mton in SE). The US market has 216 Mtons and Canada 26 Mtons of fossil CO2 emissions. Exceeds Targets in Reducing Carbon Emission in process industries and increases use of renewable fuel to reach overall targets (G8, EU, Kyoto).
Economic Aspects
20- 40% lower and stable energy cost will be realized by customers being supplied by Cortus AB. Customers will also get out of fossil fuel and CO2 emission by up to 100% and cost by taking advantage of WoodRoll technology and supply.
Social Aspects (related to the work conditions)
To be determined



Application examples

The business model offers process industry customers the lowest hurdles to get in to renewable fuel as Cortus will invest in the necessary infrastructure to supply the customer. Customers needs to get in to a long term contract for energy supply (+10 Years). Power industry business model for combined heat and power is built upon selling Front End Engineering and Design ([FEED] = license and engineering package) where our customer will realize the project with a third party EPC contractor (Engineering, procurement, construction). Waste management industry expected to do business in the same manner as power industries or being the fuel provider for Process industries.

Cost

20- 40% lower energy cost is in many cases affordable

Downloads

Current stage of development

Entering the market 

Available for demonstraion and now entering the market

Intellectual Property Rights

Patent granted
Also secret know-how and trade mark

Country of origin

Sweden

Country of application

Year

2007

National Contact Point

Uwe Fortkamp
IVL Svenska Miljöinstitutet AB
Valhallavägen 81
P.O. Box 210 60
114 27 Stockholm

Tel: +46 8 598 56300
Tel: +46 8 598 56390

» uwe.fortkamp@ivl.se
» www.ivl.se