Earlier this year, Bio2Oil ApS was awarded an InnoBooster grant by Innovation Fund Denmark. We had pitched a project for further developing and validating our novel heat exchanger concept – a key component in getting the highest possible efficiencies in a hydrothermal liquefaction plant.
With this project we are aiming to perfect the design and production methods for the first test units of our heat exchanger, so we are able to test their properties in collaboration with our partners in the final phase of the project. The heat exchanger has to be designed from scratch, as almost no commercially available units are able to handle the conditions in which hydrothermal liquefaction takes place. Based on the results from this project, we will optimize and develop the final version of the heat exchanger, which is going to be used as a part of our HTL plant design. To undertake this project, Bio2Oil ApS will be expanding our staff with a mechanical or process engineer, who will be responsible for carrying out most aspects of the project.
Innovation Fund Denmark invests in the development of new knowledge and technology creating growth and employment in Denmark. The Fund focuses on societal challenges, strengthens research and increases innovation commitment within private companies. Among its activities are the InnoBooster grant, which is given to companies that wishes to develop and make new products or services ready to go to market. We have also previously received an InnoFounder grant, which you can read more about here.
Special thanks to Innovation Fund Denmark for giving us the opportunity to further develop our product and thereby bringing it closer to market.