Technical Due Diligence

What do technical due diligence experts in renewable fuels or renewable chemicals do?    Biotechnical due diligence or renewable 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 bioprocess, 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 the 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, and technology development minefields, and competitive benchmarks.  The biotech due diligence 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.

For over 25 years, Lee Enterprises Consulting has been assisting companies and investors with issues relating to sustainability, bioenergy, biomaterials and chemicals, biotechnologies, and feedstocks.   With over 150 consultants, we have the diverse expertise and geographical reach to assist in virtually any bioeconomy project worldwide. These seasoned professionals average over 30 years each in their industry experience.  Our ability to assemble these professionals into multidisciplinary teams allows us to fully integrate the technical, scientific, and regulatory aspects of a project, and combine them with years of hands-on experience.  Take a look at our experts and the services we provide.  You will note that most of our experts are also available for ancillary engagements and advice, for specialty engagements like serving as expert witnesses in litigation matters.  A good overview of our group is found in this video.  Call us at 1+ (501) 833-8511 or email us for more information.