Business Overview

Fiberight has successfully developed a biomass conversion process that produces commercially viable quantities of renewable biofuel and other valuable biochemicals from municipal solid waste (MSW). Fiberight’s innovative technology efficiently fractionates the organic components of MSW such as contaminated paper, food wastes, yard discards and other degradeables for the production of cellulose and hemicellulose into fuel grade ethanol and other sugar platform biochemicals using enzymatic hydrolysis and fermentation. The plastic fraction and methane collected from Fiberight’s processes may also used to create co-generation electricity to power its plant facilities for zero energy input. Fiberight’s proprietary extraction, pulping and digestion processes have the potential to unlock over 5 billion gallons of renewable biofuel contained in the 175 million tons of non-recyclable Municipal Solid Waste (MSW) generated each year in the US.

Fiberight’s intention is to build, own and operate hub and spoke biorefineries that will solve two pressing environmental challenges: 1) Fiberight has developed a cost effective means to divert formerly unusable trash from traditional landfill or incineration disposal for sustainable waste processing into valuable endproducts; and 2) Fiberight converts municipal solid waste into cellulosic ethanol to meet EPA RFS2 renewable biofuel targets to reduce our country’s dependence upon foreign energy. Fiberight’s facilities operate at low temperatures in a closed-loop system resulting in nominal levels of emissions or effluents. Fiberight’s highly effective, low capital cost process has distinct competitive advantages over other waste to energy methods that use high cost arc gasification / syngas or acid hydrolysis methods. Fiberight avoids the “food vs. fuel” debate encountered by other biofuel producers.

Target Markets

Fiberight’s technology capitalizes on the ability to reduce MSW costs for communities with declining landfill space or stranded trash costs while meeting the cellulosic ethanol production goals mandated by EPA legislation for 250 million gy in 2011 to 16 billion gy in 2022. Fiberight is one of the first companies in the US to achieve actual production of 2nd generation biofuels at industrial scale. Fiberight has operated a pilot plant in Lawrenceville, VA since 2007 and recently opened a demonstration scale plant in Blairstown, IA in May 2010. Following ramp-up of production to prove commercial viability, Fiberight has identified strategic waste partners and will build a “hub and spoke” waste to processing and biofuels production network in the Mid-Atlantic area to a project plan already underway.

Existing trash hauler infrastructure is in place to deliver feedstock to our waste conversion facilities, and we have targeted several facilities with existing permits to expedite Fiberight’s execution strategy, and secure a first mover advantage. Fiberight will implement a staged progression that will focus on securing long-term MSW feedstock contracts in target markets in the Northeast, Florida, Canada, and other locations with landfill constraints with Fiberight’s biorefineries located in urban areas close to fuel demand. Fiberight’s executive team has extensive prior technical experience and deep relationships within the waste management and recycling industries, which will facilitate expansion into new markets. Fiberight is developing engineering plans and fabricating options to create modular process components that can be replicated at low CAPEX and rapidly deployed to new site locations. Fiberight’s business model and value proposition has been tested with key strategic players in the waste and Energy industry and shown to be a viable option for both these sectors.

Milestones

Fiberight was founded in 2007 by Craig Stuart-Paul, following successful creation of a large-scale recycling business in the Washington area. Building on this experience, and that of Fiberight’s management team, we have now constructed and are operating the nation’s first integrated solid waste processing plant that can convert trash into fuel and other value products.

This key milestone allows Fiberight to be the first to demonstrate to Waste Haulers and Municipalities, a robust and valuable alternative to traditional waste disposal options. Delivery of this milestone also attracted a significant investment from a multi-billion dollar international biotech company.

Fiberight has been selected for $25MM in Federal government funding and $2.9MM in State grants to be used to convert its permitted Iowa facility to Fiberight’s MSW to biofuels process, a key validation that Fiberight’s technology and business model are viable solutions for both waste management and energy independence initiatives.

Fiberight has achieved numerous technical milestones, including conversion of cellulose to biofuel, demonstration of organic waste digestion and has run its Virginia on 100% MSW input. Fiberight was recently issued the nation’s first EPA approved pathway for conversion of Municipal Solid Waste into Biofuels, a key legislative milestone.

Our technology has been validated and supported by numerous industry leaders, and, when combined with existing permitted facilities will allow Fiberight to develop a disruptive first mover advantage in a valuable industry sector.