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BCIC-New Ventures Competition - Diacarbon Energy

Congratulations to Diacarbon Energy for progressing to the 3^rd round of this year's BCIC-New Ventures Competition.

Burnaby's Diacarbon Energy provides technology to convert waste biomass into value added products in small to medium sized renewable energy plants, so called Biomass Refineries. The refinery process is centered on a thermo-chemical process called pyrolysis, meaning "fire decomposition" that involves the heating of biomass at specific temperatures and under oxygen-free conditions. Under these conditions, raw biomass (wood fibre, agricultural residues), or biomass wastes (manure) are spontaneously converted into three fuel types: Liquid bio oil, solid biochar and synthesis gas (mixture of combustible gases). The liquid bio oil can be used in boiler or low rpm diesel generators, whereas the biochar can be used as a soil conditioner, or as a clean replacement for coal. The combustible gases (syngas) produced by the system are collected and used to fuel the Biomass Refinery units; the entire system is a closed loop with low emissions and hot water as the only waste.

The top ten companies advancing to the fourth and final round of the competition will be announced August 31, 2011. The finalists, each vying for a piece of the $375,000 in prize packages, will be awarded September 22, 2011 in Vancouver.

Learn more about the BCIC-New Ventures Competition and the 2^nd annual regional competition launching this fall at www.newventuresbc.com or on Twitter.  The five-month, three-round BCIC-New Ventures Competition: Regional is open to any BC resident located outside metro Vancouver who has not yet secured significant financing from outside investors

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