Catlin Inc. raised $3 million in Series A funding to develop Dr Victor Lin's nanotechnology biodiesel process. The funds will be used to build out a pilot production facility, continue groundbreaking research, and build the Catilin team. Catilin has developed a process for biofuels production that promises to greatly reduce the cost of biodiesel, and to make biodiesel cost competitive with diesel without government subsidies. The financing was led by MDV-Mohr Davidow Ventures, an early-stage Silicon Valley-based venture capital firm.
The catalyst is claimed to be more economical, be recyclable, reacts at mild temperatures and ambient pressures, allow processing of both low FFA (free fatty acid) and high FFA feedstock, produces cleaner biodiesel and cleaner glycerol, greatly reduces water consumption, reduces environmental contaminants and can be easily used in existing facilities.
The ionosphere-based catalyst reacts vegetable oils and animal fats with methanol to produce biodiesel. The technology allows efficient conversion of FFA's into fuel by loading the ionospheres with acidic catalysts to react with the free fatty acids and basic catalysts to react with the oils.
The technology replaces sodium
Methodist methoxide -- a toxic, corrosive and flammable catalyst -- in biodiesel production. And that eliminates several production steps including acid neutralization, water washes and separations. All those steps dissolve the toxic catalyst so it can't be used again.