Montreal, Canada-Alcar Chemical Group Inc. said 20 April that an independent evaluation of its proprietary technology to produce plastic raw materials, ethanol and bio-diesel based on renewable resources has valued it at $85 million or about $0.90 per share.
"ACMG's proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel," said Alexander Cavasin, president and ceo of ACMG, in an Alcar statement.
"The yield output of our process alone will create immediate impact in our industry and we expect many more large multi-nationals to be adopting and licensing our technology over the coming months," added Cavasin.
Alcar Group Inc. (AGI) describes itself as a developer of patented methods for petroleum-independent fuel and plastics resin production (including polyurethane) that "significantly improve the offerings of its customers in the automotive, building products and recreational sectors."
This technology is becoming available at a time of worldwide supply shortage of raw materials for polymers, estimated to reach over 6 million tonnes in 2006. The market price for the materials in question vary between $1000 and $3000 per tonne, the group said.
AGI's patented process and bioreactor allow cost savings in production of up to 40 percent when compared to current production methods, translating to gross margins of over 50 percent.
With the planned expansion, AGI will reach a total capacity of 120 000 tonnes annually of economical and environmentally friendly materials for polymers.
ACMG's proprietary process can use inexpensive non-food-crop and generic organic waste as feedstock, to produce plastic raw materials, ethanol and bio-diesel. This significantly reduces production cost as well as giving yields that are significantly higher than the industry standard.