NextCAT Testing Biodiesel

4/1/10

NextCAT, a Detroit-based developer of catalysts for biodiesel production, announced today that it has signed an option agreement to produce technology developed at the National Biofuels Energy Laboratory at Wayne State University. NextCat says its catalyst technology can take biomass not currently in the food stream, such as algae and recycled cooking oil, and convert it into fuel. Charles Salley, NextCAT’s interim CEO, said in a prepared statement that with the option agreement, pilot-scale testing can begin this year. NextCAT is housed at TechTown, a Detroit business incubator, and has received funding from the Michigan Pre-Seed Capital Fund.

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