Mitsui Engineering & Shipbuilding and Inbicon have signed a licensing agreement for the Inbicon Biomass Refinery technology, granting the Japanese company the right to build a number of biomass refineries in Southeast Asia using Inbicon's technology. Mitsui intends to apply the technology in the palm oil industry, where wastes from palm oil production can be converted into ethanol, solid biofuel for energy production, and animal feed.

According to Inbicon's CEO, Niels Henriksen, the licensing agreement is the culmination of year-long cooperation with MES. Throughout 2009, the two companies developed the relationship, and Inbicon sees the deal as a significant step forward into a long-lasting collaboration.

And in case you wonder, this is the first time Inbicon is licensing the technology.

[source: Mitsui]