EBR Staff Writer Published 17 March 2015 <\/p>\n
US-based nanotechnology research and development firm Nano Labs has formed a joint venture (JV) with Mexican firm DerTek to produce biofuels in North America. <\/p>\n
The JV will focus on the research and development, marketing, and production of biofuels in Mexico before expanding to other countries in the continent. <\/p>\n
DerTek will share its catalyzer technology to produce biofuels from organic oils using non-food sector raw materials. <\/p>\n
The oils from different crops like the Castor Oil or Ricinus Communis plant can be used as a substitute for diesel fuel. <\/p>\n
With an annual capacity to produce more than 25 million liters of biofuel, DerTek hopes to cash in on the recent opening of market in Mexico. <\/p>\n
Nano Lab president Bernardo Chavarria said: \"With this joint venture, our goal is to bring value and new opportunities in the energy sector by developing and manufacturing better fuels at a lower cost and at an ecofriendly way at the same time reducing Carbon emissions.\" <\/p>\n
DerTek and Nano Labs will each own 50% stake in the JV. <\/p>\n
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Nano Labs, DerTek form JV for biofuels production in North America<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" EBR Staff Writer Published 17 March 2015 US-based nanotechnology research and development firm Nano Labs has formed a joint venture (JV) with Mexican firm DerTek to produce biofuels in North America. Continue reading