Periodic Reporting for period 1 - CircularChain (The development of a full scale plant for the production of sustainable medium chain fatty acids)
Berichtszeitraum: 2023-10-01 bis 2024-09-30
Within this project ChainCraft aims to fully develop its technology first to TRL 8, where it will be applied on a wet residual stream coming from the potato industry. The further development of the fermentation (upstream) and recovery & purification (downstream) sections is the main technological development which is needed to come to a conceptual design for the foreseen full scale factory. After which the Basic Engineering of the factory will take place. Next to this, product and application development with partners and further market development are key milestones to achieve. After attracting the needed funding, in which the investment component of EIC will ideally be part, we bring the technology to TRL 9 by realizing the full scale factory.
In the current demo plant further production testing and optimization is ongoing. At relevant scale (TRL 7) large batches of product are being made to supply to potential customers for product and market development puroposes. Also these results are taken into account for the conceptual engineering of the full scale factory.
The basic and detailed engineering will start after finalization of the conceptual engineering phase. In the meanwhile the permitting process has been started, with first meetings with the province, municipality and competent authority. All parties expressed a positive attitude towards the company and project due to its sustainable nature and bringing significant employment opportunities to the region.
ChainCraft is furthermore building its organisation. The most important to state is the appointment of our new CEO Marc den Hartog. Marc joins from Renewi, the leading waste-to-product company, where he was a member of the executive committee and Managing director of the Renewi Netherlands.
Further market preparation is being executed at high pace. An updated Life Cycle Assessment has been delivered, which still shows the enormous carbon footprint reduction as compared to palm and petrochemical fatty acids. The Regulatory roadmap for all core products has been developed and the first REACH registration has been realized, for the main product, the C6 acid. Pilot production for/at customers for market development purposes is being prepared for various key launching customers. based on material produced in ChainCraft’s demo plant, which is being further refined at a toll manufacturer to create fractionated pure acids. At the end of Q4 2024 and in Q1 2025 larger batches of product will be supplied.
On the feedstock side we can share that the legally binding Heads of Agreement with Avebe has been signed, which is a major milestone for the project. This secures feedstock supply, location and various utilities for 25 years.
Commercial offtake contracts have not been signed yet, the expectation is that take or pay offtake agreements with customers will be signed in Q1 and Q2 2025, being slightly behind schedule.
Momentarily, the key need is fast commercialization via offtake agreements with customers. This will enable attractive and healthy financing of the full scale factory.