United States, Co... Preferred Partner "Vision/Mission PureVision Technology, Inc. (“PureVision” or “the Company”) was formed in 1992. The Company’s mission is to commercialize the conversion of cellulosic biomass (including trees, shrubs, and grasses as well as forest, agricultural, paper, and municipal wastes) into useful industrial products such as energy, fibers, sugars, plastics and other chemicals. PureVision has assembled a top-notch pre-commercialization development team including engineering companies, research and testing laboratories, universities and commercial enzyme developers. The Company now looks to raise $3 million in order to optimize its technology at pilot-scale and to initiate the commercialization of its bio-refinery technology. Technology The PureVision technology employs an acid-free, high-pressure treatment where cellulose is separated from the hemicellulose and lignin fractions of biomass. The resulting clean cellulose can be sold as fiber or pulp to significant industries including papermaking, textiles, and building products. The cellulose can also be converted into sugars via enzymatic hydrolysis to produce bio-based sugars, chemicals and ethanol. The hemicellulose can be converted into sugars, and can further be converted into specialty chemicals, ethanol or can be anaerobically digested into methane. The remaining lignin fraction is an energy-rich biomass residue to be used to fuel an on-site co-generation facility to power the bio-refinery. The focus of the PureVision technology development program has been to create a “sugar platform” – a process that can accept a broad range of biomass inputs and produce consistent, high quality sugar products at low cost as required for large-scale, commercial applications. These applications include producing primarily glucose and xylose sugars, which is the feedstock for manufacturing products and diverse chemicals. Just as the petroleum platform is the foundation for the petrochemical industry with its countless products, so too can the sugar platform be the foundation for a similar biochemical industry. The product of most interest today is fuel ethanol – obtained by fermentation and distillation of glucose. Background Today there is a strong movement toward utilizing renewable resources as an alternative to oil. This movement is motivated by both rising oil prices and by the adverse environmental effects (on air, water, and weather) resulting from fossil fuel usage. PureVision has created a unique biomass separation process as an alternative to using crude oil and other fossil fuels as a raw material to produce products and energy. During its Phase I Development Program, PureVision has created a detailed, computerized process and economic model, has conducted an extensive technology, economic and market assessment, and has devised and tested a new process (patent pending) for separating cellulose fiber from other biomass components. This new process is the heart of a bio-refinery design in which further processing can lead to a variety of useful products. PureVision’s efforts during Phase I have successfully demonstrated the feasibility and the economic viability of the Company’s business proposal of developing bio-refineries. No other company has yet commercialized a bio-refinery. Now PureVision is initiating its Phase II Pilot Testing Program of its biomass-to-resource technology. Commercialization Schedule Phase II of the PureVision commercialization program is intended to provide the data necessary for the design of a commercial-scale bio-refinery. The work will involve a two-step scale-up program with progressive optimization of operating conditions. For the first step, PureVision and its development team will build a continuous feed bio-reactor capable of processing up to 1.5 tons of biomass per day to produce a pure cellulose product, a hemicellulose sugar product and a lignin-rich fuel product. In the second step, the Company will proceed with a larger pilot reactor, capable of processing up to 24 tons of biomass per day. Phase II is planned to be completed within 18 months after receiving financing. With successful results from Phase II, the PureVision development team will initiate its Phase III Commercialization Program, and will have the necessary experience and data to design and build large-scale commercial bio-refineries. It is expected to take one year to build and shake down the first commercial bio-refinery. The Company’s first commercial ...
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