New Energy Risk Expands Insurance for Yilkins' Pellet Torrefaction Technology
New Energy Risk extends its partnership with Yilkins to include advanced pellet torrefaction technology, enhancing project bankability. This move supports the transition to higher-value, low-carbon feedstocks in the biomass supply chain.
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New Energy Risk (NER) has expanded its insurance coverage to include Yilkins' advanced pellet torrefaction technology, building on their partnership initiated in 2023. This development facilitates the conversion of low-value biomass residues into higher-value products for energy, fuels, and chemicals, enhancing the bankability of relevant projects.
Yilkins' torrefaction process improves biomass pellets through thermal treatment, increasing energy density and hydrophobicity. The technology can retrofit existing production facilities, optimizing operations without the need for complete retooling. NER's backing allows for reduced risks in project deployment, potentially accelerating the adoption of sustainable aviation fuel and other renewable chemicals.
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