Haddington Ventures, L.L.C.

 

 
 

Endicott Biofuels, LLC

Investment Entity:  Endicott Biofuels, LLC
Geography:  Texas
Sector:  Alternative Energy
Investment Fund:  Fund III
Initial Investment:  June 2007

In December 2007, the Energy Independence and Security Act of 2007 was signed into law, creating a renewable fuels mandate of 36 billion gallons by 2022. With oil prices trending higher, the economic incentives are strong to find new sources of domestic renewable energy, which reduce dependency on foreign oil and reduce the U.S. carbon footprint.   With an energy balance much more favorable than that of ethanol, Haddington views biodiesel as an attractive long term component of the U.S. domestic fuel industry. Endicott is engaged in building a world class manufacturing enterprise and plans are underway to build, construct, and operate multiple biodiesel plants throughout the United States. 

After an extensive review of available technology and taking into account the feedstock preferences and potential overbuilding of the current biodiesel industry, Endicott Biofuels has taken a different track than that of other players. Endicott has secured an exclusive U.S. license to process certain non-food, agricultural waste feedstocks into biodiesel. With the ability to process up to 100% free fatty acid (FFA), Endicott’s approach values most favorably feedstocks that the conventional food processing and biodiesel industries treat as waste. Endicott has developed a portfolio of patents around its production process, giving Endicott an edge in the marketplace.   

As one of its technology partners, Endicott has chosen Davy Process Technology, a division of Johnson Matthey Company. Davy is a global oleochemicals and petrochemicals engineering and technology licensing company. The company is headquartered in London, UK, and also has a Technology Centre in Stockton-on-Tees, UK.   Overlooked by the domestic biodiesel industry, Davy’s proven esterification process is currently utilized in six detergent alcohol plants throughout Asia.  Methyl Esters (essentially biodiesel) is a chemical intermediate in the production of detergent alcohols.  In June 2008, Endicott and Davy entered into a long-term, multi-plant technical collaboration to build a new generation of biodiesel production facilities in the Unites States. 

EBF is currently developing its first facility to produce 100,000 metric tons per year (30 million gallons) of biodiesel. This plant is expected to commence commercial operation in early 2012 and be located in Port Arthur, Texas.

EBF's unique strategy and its selected technological solution were recognized by the U.S. Department of Energy (DOE) in October 2007 when EBF was invited to apply for a federal loan guarantee on its first plant (http://www.doe.gov/5568.htm). EBF was one of only six second generation renewable fuel companies to be recognized by the DOE and the only biodiesel producer.
 
Additional information can be found on the company’s website at www.endicottbiofuels.com.