Meet Haldor Topsoe – A finalist for the 2020 Transatlantic Company of the Year
During the coming weeks, we will give you an opportunity to get to know the finalists for the AmCham 2020 Transatlantic Company of the Year award. This week, meet Haldor Topsoe!
Haldor Topsoe is a world leader in high-performance catalysts and proprietary technologies for the chemical and refining industries. Based on cutting-edge research and development, Topsoe helps customers achieve optimal performance in the most responsible way. For over 50 years, the company has had a strong presence in North America, and 2019 was an exceptional year with a substantial number of renewable fuel projects awarded and progressing through engineering and construction.
In terms of U.S. growth, Haldor Topsoe has experienced substantial growth in the advanced biofuels segment, where they are not only adding employees and licensing a number of projects but are also involved in seeing the projects materialize by producing renewable drop-in fuels that are strongly encouraged by both U.S. national and state legislation.
Topsoe invests 8% of annual turnover in R&D. Starting in 2004, when market forecasts first suggested that sustainability would become a major market driver, a good deal of this investment has funded research into processing renewables that led to today’s success in the area. The company also continuously invests in updating and improving their catalyst manufacturing plant in Bayport, Texas in order to service the growing demand for catalysts producing advanced biofuels.
As an extremely innovative company, Haldor Topsoe has developed and commercialized a technology for producing renewable fuels (gasoline, diesel, and jet fuel) from all renewable feedstocks including soybean and corn oil as well as tallow. The technology, HydroFlex™, contributes to reducing the need for fossil fuels and lowering the carbon footprint of the transportation industry as a whole, driven by the volume targets set by the U.S. Congress and some individual states.
Topsoe has developed a research collaboration with RTI International, an independent, nonprofit research institute dedicated to improving the human condition, on developing processes to create next-generation biofuels from agricultural and other waste – an initiative that is funded by the U.S. Department of Energy.
See the rest of the finalists here.
Watch the Haldor Topsoe finalist video here: