PRESS RELEASE:
ALDER JOINS BDO ZONE STRATEGIC ALLIANCE
– Alder Will Support Deployment of Biofuels Projects in BDO Zones –
May 16th, 2023
Ecostrat is pleased to announce that Alder has joined the BDO Zone Strategic Alliance as a member of the Project Partner Group. BDO Zone Strategic Alliance Partners are leading companies in the bioenergy sector that help accelerate and derisk biobased project development in BDO Zones.
Alder converts abundant and sustainably sourced biomass into low-carbon to carbon-negative Alder Renewable Crude (ARC) which can be refined into sustainable aviation fuel (SAF), other low-carbon fuels, and renewable chemicals using global refinery equipment and infrastructure. They have also demonstrated that their foundational ARC platform can be converted into the first 100% non-fossil jet fuel — Alder SAF100.
Tim Obitts, Alder CEO, commented, “At Alder, abundant sustainable biomass is essential to our business. Equally important is developing relationships with local communities that support and directly benefit from our work to decarbonize critical parts of the U.S. economy. As we start to develop projects to produce our foundational Alder Renewable Crude platform at scale, we will also be focused on positively impacting these communities. To that end, we are thrilled to join the BDO Zone Strategic Alliance, and to listen and learn as we begin to deploy our technology at commercial scale.”
Jordan Solomon, President of Ecostrat stated, “The BDO Zone Initiative is proud to welcome Alder as our newest Strategic Alliance partner. We are delighted to collaborate with a visionary company that shares our passion for transforming underutilized biomass into powerful, sustainable energy solutions, such as sustainable aviation fuel (SAF). Alder’s dedication to promoting a cleaner and more vibrant bioeconomy perfectly aligns with our mission to drive the growth of alternative biobased fuel sources while creating positive impacts in the communities where these innovations will thrive. Together, we look forward to accelerating the transition towards a more sustainable and prosperous future for all.”
American biomass is an economic development engine with the potential to create 160,000 jobs and nearly $15 billion of economic benefit. In Canada, the national economic impact potential is estimated at 16,060 direct, indirect, and induced jobs and over $1.48 billion annually of economic benefit. The BDO Zone Initiative can help North America realize this potential by identifying and rating the best areas in North America for new plants that make bioenergy, advanced biofuels, biobased heat and power, biomaterials, and clean hydrogen.
About Alder
Alder’s propriety technology converts sustainably sourced biomass into low-carbon to carbon-negative Alder Renewable Crude (ARC), which can be refined into sustainable aviation fuel (SAF), other low-carbon fuels, and chemicals using global refinery equipment and infrastructure. No drilling, no fracking. Created from sustainably sourced waste, above the ground.
The company is backed by Honeywell UOP, United Airlines Ventures, Directional Aviation, and Avfuel, and its technology has been validated by the U.S. Defense Logistics Agency, the Department of Energy (DOE), and the National Renewable Energy Laboratory (NREL).
For more information about Alder visit www.alderfuels.com or connect directly with their Chief Marketing Officer, Ian Plunkett (iplunkett@alderfuels.com).
About The BDO Zone Initiative
The BDO Zone Initiative is an economic development platform that enables local communities to deploy powerful economic development tools – BDO Zone Ratings – to drive, accelerate, and catalyze biobased investment and commercial project development in BDO Zones. The BDO Zone Strategic Alliance Partnership is made up of leading clean energy companies dedicated to accelerating bio-based energy manufacturing in BDO Zones. It is divided into four groups: Capital Markets Partners, Project Partners, Technology Partners, and Supply Chain Partners.
A BDO Zone rating is a standards-based technical risk assessment of biomass feedstock, supply chain, and infrastructure attributes of a region with respect to the feasibility and development potential of new biofuel, renewable chemical, biogas, bioproduct, or clean hydrogen plants.
BDO Zone ratings help regions and communities attract new biobased project development and participate in the growing global bioeconomy by demonstrating the maturity of local biomass supply chains and whether or not they are developed enough to support biobased manufacturing without excessive risk.
For more information on the BDO Zone Initiative, please contact info@bdozone.org. To view all current and upcoming BDO Zone designations, visit www.bdozone.org or check out the BDO Zone LinkedIn page for all news and updates.
About Ecostrat
Ecostrat is the North American leader in supplying biomass supply chain due diligence for biofuels, renewable chemicals, biogas, and bio-product project development and finance. Ecostrat led the USDOE/BETO-funded project to develop the new investment Standards and Ratings for Biomass Supply Chain Risk.
The Advisory Group combines the BSCR Standards with powerful predictive analytics to understand and minimize supply chain risk. The Biomass Supply Group has 25 years of experience in sourcing and supplying more than 5 million tons of biomass feedstock for bioenergy, biofuel, and biochemical projects across North America.
Jordan Solomon is Chairman of the BDO Zone Initiative and President of Ecostrat. He has overseen the development and operation of biomass supply chains for more than 5,000,000 tons of feedstock over two decades for bioenergy, biofuel, and biochemical projects.
Jordan Solomon can be reached at jordan.solomon@ecostrat.com. For more information about Ecostrat, visit the company’s website at www.ecostrat.com/standards or check out the Ecostrat LinkedIn page for all news and updates.