Commercialization of Biofuels Technology refers to the process that transforms a biofuels technology from concept into a profitable biofuels’ technology operating entity. Inventors and their investors must convert their concepts into commercial success to achieve a financial return with the least amount of risk exposure.
The normal path for commercializing a biofuels technology idea includes initial due diligence followed by more advanced testing and modeling to confirm basic assumptions. After the idea is deemed viable, and to reduce technology and financial risks, the concept is sequentially scaled-up. The scale-up phases entail a series of stage-gate hurdles of increasingly higher levels of product volumes, manufacturing complexity, and costs. The specific targets for scaling up technology are driven by engineering, business, and financial considerations and expectations. An expert in biomass and biofuels technology commercialization will often have one or more STEM-related degrees, be an excellent communicator and possess extensive experience in scaling up multiple biomass or biofuel technologies.
Experts in commercializing biofuels technology will be able to guide the project through the various scale-up phases and will have experience in financial modeling, supply chain and technology assumptions, intellectual property protection, fatal-flaw analysis, biomass management, design review, engineering, data analysis, process modeling, business development coordination, selection of piloting facilities, equipment design and project management to thereby improve the overall probability of success.
Large renewable energy and biochemical consulting firms certainly have experts in biotechnologies, as well as the more common areas like bio and renewable fuels, biomass and biomass power, feedstocks, biomaterials, and biochemicals. With over 150 experts worldwide, Lee Enterprises Consulting has experts in biofuels technology and other technologies like agitation systems, anaerobic digestion, beverage fermentation, bio-oil extraction, bioreactors, carbon capture, carbon storage, carbonization, catalysis, cellulosic ethanol, cleantech, combined heat and power, direct combustion, enzyme technologies, fermentation, Fischer-Tropsch, gasification, genetic engineering, hydrothermal, nanotechnology, organosynthesis, power generation, pyrolysis, renewable technology due diligence, synthetic biology, thermochemical conversion, torrefaction, water treatment, and waste management. Look at our experts and the services we provide. Most of our experts are also available to advise and serve as expert witnesses in bioeconomy litigation matters. For the larger projects, we specialize in putting together full service, interdisciplinary teams with one point of contact. See video about LEC here. Call us at 1+ (501) 833-8511 or email us for more information.