Grace Davison, an operating segment of W. R. Grace & Co., has announced a new BioFuel Technologies Group that will oversee intensified product development in the renewable fuels industry.
The BioFuel Technologies Group is the flagship project of Grace's Incubator Technology program for the development of technology and products through a combination of R&D and business development.
The first areas the Group will focus on include catalysts and adsorbents for enhanced biodiesel and bioethanol production, as well as chromatography-based analytical and quality control tools.
The BioFuel Technologies Group is positioned to capitalize on an estimated average growth rate of 15 percent in the biofuels industry, as reported by a study prepared by the Worldwatch Institute.