Initial feedstocks will be soy-based
OWENSBORO, Ky. (Aug. 1, 2016) — Owensboro Grain has partnered with Houston-based Accelergy Corporation to create a globally commercialized suite of advanced BioSpecialty Production Technologies for a range of solvent, lubricant, and performance fluid products. While initial feedstocks will be soy-based, a full range of biobased feeds will eventually be produced.
The new company, Owensboro Grain and Accelergy BioSpecialties LLC (OG&A BioSpecialties LLC), plans to commercialize and market Biowax-PHTM and BioFAME-PHTM oleo-chemicals, together with a range of formulated renewable performance fluids for multiple industrial applications.
“Owensboro Grain has a history of seeking opportunities for product diversification around our core business of soybean processing,” said John Wright, Owensboro Grain’s executive vice president. “We view the expansion into high performance specialty products as another step in the execution of this strategy. We believe Accelergy and their technology partners offer state-of-the-art platforms that will enable us to develop superior product offerings for the growing renewables market. We are excited to add Accelergy as a strategic partner as we continue to focus on broadening the market and customer base for Owensboro Grain’s soy based products.”