{LTE - please take some time for us and prove that this company's technology is the same as Abengoa's that you referenced. Thank you!}
WallStreettopgun:
Good question. That's because it's worse for ALLM because at least Abengoa has a process that's more viable - liquid acid hydrolysis with high temperatures:
<<An activated feedstock for enzymatic hydrolysis is preferably prepared by autohydrolysis, which is preferably conducted in a steam explosion reactor also known as a hydrolyzer, (also known as a digester). Autohydrolysis is a process of breaking down hemicellulose and cellulose by exposure to high temperatures, steam and pressure, sometimes in the presence of an added chemical agent, such as an organic or inorganic acid, e.g., sulphuric acid. When performed in the presence of an added acid, the reaction is known as acid hydrolysis. >>
On the other hand, regardless of ALLM's press releases, their technology has never been proven to be commercially effective:
ALLM's solid acid hydrolysis with lower temperatures has never been proven to be ready for prime time - the nanotechnology required isn't ready and it's too expensive:
<<Provided are methods for the solubilization of cellulose into soluble sugars without the need for high temperatures, high pressures, strong acid solutions, and/or added water. The produced sugars can be fermented into ethanol. In one embodiment, the method comprises contacting a cellulose-containing material with a solid acid material and agitating the cellulose-containing material and the solid acid material for a time sufficient to produce an aqueous solution comprising a quantity of soluble sugars.>>
The assumption that these unsuccessful movie people can make a significant leap from failed movie ventures to biofuel tycoons is beyond delusional.
Also least Renmatix has a technology that might work = super critical hydrolysis at very high temperatures. And also secondly they have the backing of some very large companies - not toxic financing like ALLM.
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