What does a renewable fuels or renewable chemicals technical due diligence expert do? Technical due diligence (DD) is a comprehensive appraisal of a biomass process undertaken by a prospective manufacturer or investor, to establish its technical viability and evaluate its commercial potential. The process may be an existing bio process, or it may be a process still undergoing research and development, or it may even be a hypothetical project. The DD process is akin to hiring a mechanic to evaluate a used car prior to purchase. Most manufacturers or investors insist on thorough due diligence investigations.
A renewable chemicals or renewable fuels technical due diligence expert evaluates all aspects of a process. This goes far beyond simply evaluating the flowsheet. It may encompass biochemical, chemical, physical, engineering, intellectual property, environmental, economic, and operational due diligence considerations. An experienced technical due diligence consultant knows precisely where to look for strengths and weaknesses of a process. The expert will conduct a rapid and thorough evaluation of confidential reports, patents, and papers. He or she will discern the key issues that determine the investment’s ultimate success, provide pro-active interviews of the management and scientists of the venture, uncover additional relevant patents and technical publications, and accurately assess key industry performance issues, technology development minefields, and competitive benchmarks. The expert will provide an overview of the patent landscape and IP potential. These are but a few of the many aspects a technical DD expert should check. A due diligence expert also looks for hidden upside potential – things like by-product value, emissions reductions, or efficiency enhancements. Due diligence typically includes a site visit, document review and interviews with key personnel, culminating in a written report.
At Lee Enterprises Consulting, we have a highly qualified renewable fuels and renewable chemicals experts available to assist with technical, financial, environmental, operational, and legal due diligence. Feel free to call or email us for more information.