Let me start by talking about our progress in research and development. I’m excited to announce the development of our new next-generation catalyst platform. For some background, KiOR's two step biomass to fuels technology starts with non-fuel biomass that is fed into a biomass fluid catalytic cracking or BFCC.Our BFCC is based on fluid catalytic cracking technology from the refining industry, which implies a continuous flow of catalyst in a loop. The catalyst is heated at the beginning of each cycle and is then fed into our reactor at the same time we feed our biomass. The reaction occurs literally in seconds, the catalyst and produced hydrocarbons are separated, and the catalyst is regenerated and reheated to start the next cycle.
KiOR's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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