Lockheed Martin has invested $4m in Forge Hydrocarbons to help develop its lipid-to-hydrocarbon technology. The Canadian firm uses wastes, such as cooking oils, to create fatty acids that are turned into hydrocarbons, which are then separated into lower-emissions versions of fuels like gasoline and diesel. The investment allows Forge to start final engineering design and site preparation for its unique commercial plant in Sombra, Ontario that will produce approximately 19 million litres per year. Lockheed spin-off will also use the funding to continue research and development at the institute and at its pilot facility in Edmonton.
Lockheed Martin has invested $4m in Forge Hydrocarbons to help develop its lipid-to-hydrocarbon technology. The Canadian firm uses wastes, such as cooking oils, to create fatty acids that are turned into hydrocarbons, which are then separated into lower-emissions versions of fuels like gasoline and diesel. The investment allows Forge to start final engineering design and site preparation for its unique commercial plant in Sombra, Ontario that will produce approximately 19 million litres per year. The University of Alberta spin-off will also use the funding to continue research and development at the institute and at its pilot facility in Edmonton.