Licella Honored with Biorenewable Deployment Consortium’s Innovation Award; Canfor with BDC’s Industrial Partnership Award

(Bioreneable Deployoment Consortium) The Biorenewable Deployment Consortium (BDC) honored Licella with the 2024 Innovation Award for their culture of innovation, which has led to the global commercialization of Licella’s patented Cat-HTR™ platform, the world's most advanced hydrothermal liquefaction technology, for the production of high value and low carbon fuels from wood and agricultural wastes, making them a global leader in the next generation of advanced biofuels, including sustainable aviation fuel (SAF).

Concurrently, BDC also awarded Canfor with BDC’s Industrial Partnership Award for the development of a commercial-scale biomass to biofuel plant under Arbios Biotech, the joint venture with Licella, which is an excellent example of an industrial partnership to help commercialize emerging technologies.

“BDC is extremely proud to honor Licella with its Innovation Award this year,” said BDC President and Co-Founder, Masood Akhtar. “Advanced biofuels provide a more sustainable alternative to traditional fossil fuels and help to reduce greenhouse gas emissions, enhance energy security, and promote sustainable land use. As the world economy continues to struggle with the reliability and affordability of clean energy technologies, Licella’s Cat-HTR™ technology can help meet those demands through their innovation in a socially responsible and economically efficient manner. Awarding Licella’s joint venture partner, Canfor, is equally important because BDC believes that industrial partnerships are key to commercializing new, innovative, and breakthrough technologies.”

“We are honored to be recognized by BDC, who has been a strong champion for Licella in North America for over a decade. We accept this award on behalf of our entire global team that have worked tirelessly to transform Licella’s Cat-HTR™ technology into a world leader in renewable innovation,” said Dr Len Humphreys, Licella’s Executive Chairman and Co-Founder.

“Canfor is proud to be recognized for our Arbios collaboration and the progress we’re making to capture commercial opportunities tied to the carbon transition. The role of biomass innovation in decarbonizing our energy demands is exciting and an important part of Canfor’s commitment to sustainability,” said Ben Goodier, Head of Bio-Innovation at Canfor and Director of the Board, Arbios Biotech.

BDC assists with the deployment of leading-edge advanced biofuels, biochemicals, and bioproducts technologies that do not require any long-term subsidy making them more profitable and sustainable. Since its inception in 2006, BDC has been established as an unbiased and trustworthy international company for the forest products industry, chemical industry, service and technology providers, government, and academic institutions. BDC conducts unbiased due diligence, identifies end-users and off-takers, technology and service providers, and funding providers under its brokering partnership initiative. BDC provides webinars, writes articles, and holds an annual forum, all while providing networking opportunities. For more information, visit www.biorenewabledc.com.

Since 2007, Licella has been a global pioneer in low carbon technology around the world. Our patented Catalytic Hydrothermal Reactor (Cat-HTR™) is the leading hydrothermal liquefaction (HTL) technology globally and is transforming the low-carbon bioeconomy. Using the power of heated, pressurised water to sustainably produce high-grade advanced bio-oil from abundant waste ‘feedstock’ that other technologies can’t process, Cat-HTR™ enables a pathway to advanced biofuels (including sustainable aviation fuel, or SAF) and sustainable plastic products (via advanced recycling). Through its transformative technology, Licella offers its partners a highly scalable, cost-efficient and low carbon solution – one that has the power to advance decarbonisation and accelerate the global energy transition. For more information, visit www.licella.com.

Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, green energy and increasingly, innovative bio-products. Proudly headquartered in Vancouver, British Columbia, Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. The Company has a 70% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns a 54.8% interest in Canfor Pulp Products Inc. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP. For more information, visit www.canfor.com. READ MORE