InovaCat has developed and is the sole owner of GASOLFIN - Breakthrough process for Maximum Propylene and BTX. The upgraded GASOLFIN gasoline-to-olefins technology converts biomass-derived naphthas (gasoline) plus all petroleum based low-valued gasoline / naphtha’s into high-valued propylene, butylene and BTX. GASOLFIN has the highest product yields (~ 40wt%), the lowest production cost (30% of next best technology) and lowest energy usage and CO2 emissions (minus 30%) of any maximum propylene technology existing today. GASOLFIN is a strategic transition technology which will enable the refinery and petrochemical sectors to produce biomass derived olefins while simultaneously tackling the recent and significant challenges in the refining sector: • Meeting the growing global propylene demand • Converting the surplus of Light Straight Run half-products into high-value petrochemicals • Addressing the requirement to increase energy efficiency and reduce emissions The Gasolfin technology is uniquely flexible: Its production can be shifted towards the highest valued products, while it possesses maximum feedstock flexibility converting any available naphtha stream into maximum propylene. Gasolfin is fully capable of converting the gasification/Fischer Tropsch and pyrolysis naphthas which are co-produced in the production of renewable diesel. The GASOLFIN technology may be inserted into almost any existing (bio)refinery or (bio)petrochemical plant configuration. Investment payback time of a Gasolfin unit is less than 18 months. The interest of the renewables, refining, and petrochemical sectors has been high with various strategic partnerships in the making. InovaCat is in the process of obtaining funding for the design, construction, and operation of two “scale-up” plants within the next two years. InovaCat intends to market this technology through a conventional catalyst licensing model.