- NewEnergyBlue acquires Ørsted’s Inbicon biomass technology, expanding its global patent portfolio and bioconversion capabilities.
- The company plans to use this technology for its New Energy Freedom refinery in Iowa, converting corn stalks into bioethanol and sustainable materials by 2026.
- The acquisition strengthens NewEnergyBlue’s position in the growing second-generation biofuels market, targeting partnerships and innovation to meet global renewable energy demands.
NewEnergyBlue purchased the biomass conversion technology of Inbicon from Danish energy company Ørsted. The acquisition includes Inbicon’s international patents, allowing NewEnergyBlue to extend its bioconversion technology licenses globally.
The deal positions NewEnergyBlue to capitalise on opportunities in the fast-growing second-generation biofuels sector. Inbicon developed this technology 25 years ago to convert agricultural waste, such as corn stalks in the Americas, wheat straw in Europe, and sugarcane bagasse in Latin America and India, into bioethanol and other low-carbon products.
Inbicon’s process fine-tunes chemical reactions without aggressive additives, simplifying operations and lowering costs. The technology produces second-generation bioethanol and purified water. The first commercial test of this method occurred in Kalundborg, Denmark, where the facility successfully converted wheat straw into bioethanol, proving its industrial potential.
NewEnergyBlue plans to build the New Energy Freedom refinery in Mason City, Iowa, with commissioning set for 2026. The facility will use Inbicon’s technology to process corn stalks into bioethanol, focusing on the automotive fuel market. Dow Chemical will use bioethanol to produce sustainable plastics, while lignin, a by-product, will support eco-friendly construction materials and road surfacing.
This acquisition enables NewEnergyBlue to explore new partnerships with international companies and research centres, helping them adapt the technology to various market needs. The company offers a broader range of renewable energy solutions with global licenses secured.
Interest in bioconversion technologies continues to rise, fueled by government incentives and policies that promote renewable energy. After launching the New Energy Freedom project, NewEnergyBlue plans to create a dedicated biomass technology campus, fostering collaboration and innovation in the sector.
The deal strengthens NewEnergyBlue’s role in the biomass conversion market. By merging Inbicon’s technology with its expansion plans, NewEnergyBlue gains flexibility and competitive advantages, particularly in cost efficiency and environmental compliance.
This move reflects a broader trend in the renewable energy industry, where companies like NewEnergyBlue secure market positions through innovation and integration. They aim to meet the rising demand for low-carbon energy while responding to the pressure to reduce carbon emissions.
NewEnergyBlue’s acquisition of Inbicon’s technology positions it as a leader in the shift toward sustainable energy. The company aims to attract investors and partners eager to benefit from the growing demand for low-carbon solutions. As the global energy landscape evolves, this acquisition represents a significant step toward a more sustainable future.