Thor Biocrude (NL) and Susteen Technologies (GER) are taking the next step in the development and roll-out of a novel and low-cost biomass waste-to-fuel technology platform called Thermal Catalytic Reforming (TCR). TCR is a biomass conversion technology that converts low value wet organics bio-waste into high value biocrude (TCR-oil), green hydrogen-rich bio-syngas, and solid bio-char, that can be processed to biofuels and biochemicals.
Thor Biocrude (NL) and Susteen Technologies (GER) will establish a joint venture (JV) (work title “Susteen Biocrude”) for the refining and marketing of biocrude oils to marketable hydrocarbon products. This JV has a high strategic relevance and strong market opportunity. The joint venture will focus on the conversion of low-value domestic, municipal or industrial carbon-rich waste flows into biocrude oil, the upgrading of biocrude into marketable bioliquids and their trading into fuel and chemical feedstock markets.