The Ticker334 Melcher Hall Contact: Jessica Robertson Funding Will Be Used to Study Benefits of Pyrolysis Oil Stephen Arbogast is a member of the core study team National Renewable Energy Lab recently granted $250,000 to C. T. Bauer College of Business’ GEMI program to study the economic and commercial benefits of Pyrolysis Oil. Pyrolysis Oil, or Pyoil, is a biomass based fuel oil that can potentially be refined in existing oil refineries. The funding emerged out of a GEMI workshop. Executive Professor of Finance at Bauer College of Business, Stephen Arbogast, is a member of the core study team. “We will examine how the industry would organize commercial development of this technology and what that might cost with today's technology and engineering,” he said. “Then, we will recommend places where further research is needed to bring costs down and make the economics of investing in Pyrolysis oil more attractive,” Arbogast added. In their 15 month study, GEMI and NREL want to define the quality characteristics and specifications that Pyoil needs to meet, refine the business model, and identify the significant research frontiers. For the study, UH is supporting GEMI with contracting assistance, research assistance and facilities. About the University of HoustonThe University of Houston, Texas’ premier metropolitan research and teaching institution, is home to more than 40 research centers and institutes and sponsors more than 300 partnerships with corporate, civic and governmental entities. UH, the most diverse research university in the country, stands at the forefront of education, research and service with more than 35,000 students. About the Bauer College of BusinessThe C.T. Bauer College of Business has been in operation for more than 60 years at the University of Houston main campus. Through its five academic departments, the college offers a full-range of undergraduate, masters and doctoral degrees in business. The Bauer College is fully accredited by the AACSB International – the Association to Advance Collegiate Schools of Business. In August 2000, Houston business leader and philanthropist Charles T. (Ted) Bauer endowed the College of Business with a $40 million gift. In recognition of his generosity, the college was renamed the C.T. Bauer College of Business. |
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