NextCAT Receives License Agreement from National Biofuels Energy Lab

NextCAT, a Detroit-based company that supplies assorted type of catalysts used in biodiesel manufacture, declared that it has received a license agreement for the use of advanced biofuel technology formulated at the National Biofuels Energy Lab at Wayne State University.

The received license agreement will enable the company to market a category of catalysts that will enable the biodiesel manufacturers to utilize low-cost raw materials such as animal fats, waste vegetable oil and leftover corn oil in the biodiesel manufacturing. The new technology developed by the company provides an exclusive manufacturing solution for the biofuel industry that remained idle in the USA from 2008 due to high feedstock prices. The developed technology allows approximately $1 savings per gallon when compared to the conventional diesel fuel thus improving the financial viability of running a biodiesel plant.

The company has lately secured seed financing from Automation Alley to commence the design, construction and erection of a reactor at an inoperative biodiesel plant located in Michigan. For the purpose of introducing the new technology in the market, NextCAT has obtained over $800,000 in the form of awards from National Science Foundation,  grants  and other investments.