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Demand for ethanol is projected to increase from about seven billion gallons in 2007 to over 36 billion gallons by 2022—more than a five-fold increase over current production levels, and global demand is expected to exceed 300 billion gallons per day by 2030—2,400% over 2005 levels. At the same time, the growing appetite for oil and gas by China, India and other developing countries is putting escalating pressure on diminishing oil reserves. All of which is leading oil analysts to forecast crude oil prices rising to more than $200 per barrel by the end of the decade.
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Fueling a growing market.
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Novus Energy’s core product, ethanol, can be efficiently produced from organic waste streams generated by a variety of food and agricultural processors, landfills and municipal waste treatment plants. Anaerobic bio-digesters processing the waste at these sites are producing large volumes of methane-rich biogas—feedstock for the company’s alcohol production technology.
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Business is heating up.
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Due to the abundance of these underutilized methane sources and Novus’ proprietary, high-yield alcohol conversion technology, the company expects production efficiencies and energy utilization to far exceed those of current corn ethanol production facilities.
Today, Novus Energy is testing its RGL™ pilot plant and has the design engineering underway for several production facilities. With its technology in place (patent issued 12/07), a growing demand for ethanol, and a clear vision of the future, the prospects for our powerful alternative to fossil fuels continue to grow today and down the road.
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Novus Energy® LLC headquarters are in Minneapolis, Minnesota.
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