Friday, December 2, 2011

Strong Company, Simple Design

PHOTO: ICM, Inc.
Leonardo da Vinci said “Simplicity is the ultimate sophistication.”

That may well be the new motto for ICM as it seeks to expand into the biomass business using partial oxidation gasifiers. The Colwich, Kan.-based company established itself through the design, construction and support of ethanol plants, now boasting over 100 successful installations.

Founded in 1995 by President and CEO Dave Vander Griend, ICM exploded onto the scene with the rise of popularity in ethanol. Looking for a way to lower emissions, Vander Griend started exploring the possibility of constructing their own gasifiers.

The company has been testing a commercial-scale demonstration model in Harvey County since 2009 and reports that it has successfully produced more than 7,000 tons of 13 different feedstocks. The biomass gasifier will be available in three different sizes ranging from 150-450 tons per day.

As with all companies, the challenge becomes finding that first buyer. ICM has chosen to keep its model simple and straightforward, developing a low-BTU syngas that is suitable for burning in a boiler. Its technology won’t appeal to everyone, but for those with a large project looking for a low-BTU syngas, ICM should fit like a glove.

While the company’s established reputation should help to soothe potential investor’s nerves, a decision to purchase any type of gasifier is a costly one. Investors want to see rock-solid feedstock, engineering, procurement and construction, as well as off-take agreements.

Better BTU Take: ICM’s established nature makes it a clear frontrunner among “partial oxidation” gasifiers.

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