Press release from Companies

Published: 2011-01-11 11:00:22

Taurus Energy AB: Taurus Energy/SEKAB receives 2010 Technology of the Year Award

The partnership of Taurus Energy and SEKAB is the recipient of this year's Biofuel Digest Award for Technology of the Year. The Biofuel Digest Awards, first established in 2008, recognize excellence in the research, development and commercialization of biofuels, renewable chemicals and bio-based products. Taurus Energy/SEKAB was awarded for their successful demonstration of producing ethanol from cellulose-based materials at an industrial demo scale.

"It is a great honor to be recognized among the world leaders in cellulosic ethanol production and industrialization," says Jan Lindstedt, Senior Project Manager at SEKAB E-Technology. "This award shows that we are on the right track and we will continue to seek partners and potential customers worldwide for further commercialization of our know how and technology". SEKAB works in close cooperation with the auto industry and was also the winner of the Sustainable Bioethanol Award at the 2009 World Biofuels Markets Conference and Exhibition in Brussels. SEKAB was an important actor in the development of the European E85 market and is the only global developer of ethanol for heavy vehicles. They are also one of the leading European provider of green chemicals. Taurus Energy AB is among the recognized world leaders in pentose yeast fermentation technology, working in close collaboration with researchers from Chalmers University of Technology in Gothenburg and the Department of Chemical Engineering, Lund University, Sweden. The recent successful demonstration of their latest 2nd generation yeast strain, the Taurus04, at an industrial size scale was the result of a 2-year development project with SEKAB and, before that, many years of research in the lab. "We are delighted to share this award with SEKAB," says Lars Welin, CEO of Taurus Energy. "Our development work won't stop here. We are continuing to refine our many patented yeast strains to accommodate all types of cellulose based renewable feed-stock options and make them available through license agreements worldwide. Already we have several potential partners from both Europe and the United States looking at our technologies." The potential market for successful commercialization is huge. To replace the first 10% of gasoline and diesel which, only in Europe corresponds to 500 ethanol plants with an annual capacity of 140 000 cubic meters (37 million US gallons). The European market constitutes some 15% of the world market. This clearly implies a need for many technologies and also technology suppliers. For further information: SEKAB Jan Lindstedt, Senior Project Manager, Market & Commercialization SEKAB E-Technology Telephone: +46 (0) 70-527 87 22 E-mail: Jan.Lindstedt@sekab.com Taurus Lars Welin, CEO Taurus Energy AB Telephone: +46 (0) 46-286 86 10 E-mail: lars.welin@taurusenergy.eu About SEKAB SEKAB is one of Europe's leading players in ethanol production. The company produces and distributes bioethanol fuels and green chemical products, and is developing the next generation of cellulose-based ethanol processing. Its mission is to create the conditions for and actively promote future sustainable transport using long-term sustainable fuels. For more information, see http://www.sekab.com/ About Taurus Energy AB Taurus Energy AB is a research and development company which aims to commercialize its extensive research and development program in the field of ethanol production. Since 2006, the company's business is to license the Taurus proprietary technology to energy producers on a global market. Taurus holds over 10 world-leading patents which have been developed with the help of around 20 internationally recognized scientists. The company is based at the Ideon Science Park in Lund, Sweden. Taurus is listed on the Aktietorget equities market. For more information, please visit www.taurusenergy.eu About the Biofuel Digest Awards The awards are voted by the Biofuel Digest editorial board, based on nominations submitted by the Digest's readership. Biofuel Digest is the world's most widely read biofuels daily.

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