|
Market Analysis and Strategy
Three potential products/services:
1. Disposal of Sewage Sludge – Disposal of sewage sludge comprises over 30% of wastewater treatment plants’ budget. Customers of this service are local communities. They are willing to pay top dollar for the disposal of their sludge. In-State tipping fees averages $78/ton and out-of state $94/ton and more (Commission to study methods and cost of sewage sludge disposal - Final Report 2008). The US produces 29 million tons of sludge annually (2009).
2. Synthetic Crude Oil – One ton dry sludge produces 425 Kg oil, a drop-in fuel for heavy industry. Oil energy = 5,850Kcal/Kg. The amount of excess oil available for external use depends on the method used to dry the 26% D.S. feedstock to 85% D.S. There are references in professional literature to numerous valuable chemicals in significant concentration that are present in pyrolysis oils.
BioPetrol Ltd has on board, as a shareholder, an internationally renowned scientist-academician to address this issue.
|
3. Selling the Technology - With the completion of the Commercial Demonstration Plant, BioPetrol. Ltd. will have the technology to sell to world markets. Potential markets are water authorities, municipalities, wastewater treatment plants, entrepreneurs, sewage sludge disposal contractors, sludge drying operators.
BioPetrol, ltd. has been awarded a grant of $300,000 for a period of 2 years by Israel’s Office of the Chief Scientist and a $400,000 (not used) grant from the Israel Water Authority to conduct advanced R&D. The company has concluded and proved the viability of the process and is now on the verge of constructing a demonstration pilot for a continuous process.
BioPetrol is seeking $2MM Venture Capital, or $1MM industrial partner* for construction of a Commercial Demonstration Plant. A business plan is available for further details.
* Qualified for a matching fund by the BIRD Foundation – Binational Industrial R&D cooperation between Israel & US governments.
|