The Horizon H2020 SME Instrument has provided broad support to Steeper Energy in its commercialization activities of Hydrofaction™. Through the course of the H2020 Project, Steeper Energy has secured a strategic partner for its Industrial Scale Demonstration and De-risking Plant (ISDDP) as well as the first commercial Hydrofaction™ facility, completed a conceptual engineering study of the ISDDP, refined its strategy to bring Hydrofaction™ Oil to the market, undertaken R&D on the hydrotreating of Hydrofaction™ and developed/secured additional intellectual property in the form of patents.
Steeper Energy has entered into a Head of Terms, with final negotiations on a binding agreement underway, with one of Europe’s largest renewable energy companies for the co-funding and development of an ISDDP and the funding of the first commercial Hydrofaction™ facility. A conceptual engineering study has been undertaken on the ISDDP and a basic engineering study is nearing completion. Steeper Energy has also supported the strategic partner in completing a conceptual study on a commercial Hydrofaction™ facility which influenced their decision to engage as a strategic partner.
Marketing and dissemination activities carried out over the course of the Project changed Steeper Energy’s market focus away from Hydrofaction™ Oil synthetic biocrude to upgraded Hydrofaction™ Oil as blendstocks transportation fuels. This market pivot was supported through research and development activities on the upgrading of Hydrofaction™ Oil into drop-in transportation fuels.