SunOpta, GreenField Form Joint Venture to Build Cellulosic Ethanol Plants

SunOpta Inc. (NASDAQ:STKL) announced that it has signed a 50-50 joint venture agreement with GreenField Ethanol Inc., formerly known as Commercial Alcohols Inc., Canada's leading producer of fuel ethanol, to develop and implement commercial scale processes for the production of cellulosic ethanol from wood chips, including the planned establishment of one or more commercial scale plants that will utilize the SunOpta BioProcess Group's patented and proprietary process solutions for the production of cellulosic ethanol.

The first plant is planned to produce 40 million liters (approximately 10 million gallons) of cellulosic ethanol per year, which they claim would be the first commercial scale cellulosic ethanol plant in the world using wood chips as feedstock. Greenfield Ethanol and SunOpta are actively involved in selecting a site for the first plant in Ontario or Quebec. Subsequent plants will be in the range of 200 to 400 million liters (approximately 50 to 100 million gallons) per year capacity.

Steve Bromley, President and COO of SunOpta commented, "As previously announced, the SunOpta BioProcess Group is raising $30 million to fund exciting growth projects utilizing the Group's proprietary technology in the production of cellulosic ethanol. This joint venture is an exciting first step in the use of these funds and we are most pleased to partner with GreenField, combining their world class expertise developing ethanol plants with our world class expertise in biomass pretreatment and cellulosic ethanol technologies."

This sounds like a good team that has plenty of experience, but I didn't think they have that much experience with wood chips. But their website claims that they have experience in pretreatment of wheat straw, corn stover, grasses, oat hulls and wood chips. They do have a high pressure ammonia process for the pretreatment of cellulose which might be applicable. They also have a process for recovering xylitol which can be a valuable byproduct from producing ethanol. They are considered the world leading experts in pretreatment, so why should I doubt them.

Comments

[Beek]

Well, I would be somewhat weary and skeptical on an outfit that claims cutting edge production technology that raises its funds through the public finance markets. Canada is the den for outfits that first raise money through pink slips and then end up spending only a fraction of that on a project (rest simply vanishes as overhead), and keep on dipping into the public coffers, often with the help of government programs.

If they had a strong case, it would be more efficient for them to raise funds through the VC or angel communities, IMO. But of course this is just circumstantial evidence. They may in fact be onto something big.

[Beek]

New website on direct catalysis of ethanol from syngas and biomass. They claim significant lower costs as compared to fermentation, and its claimed they can also process cellulose and lignin.

http://www.syntecbiofuel.com/index.html

Looks like a modern day Fischer Tropsch?

[John Bushelle]

Business combinations, merger, acquisition, and joint venture are not easy to execute and they most often don’t live up to their expectations. There have been several studies done on mergers and acquisitions announced in the last 20 years and in well over 60% of the cases the synergy was not realized. When synergy doesn’t materialize the acquiring company ends up damaging shareholder value because premiums paid to take a significant equity stake in a target company are not recouped. However, by understanding a company’s motives for buying, selling, or partnering a business, how the decision fits in with their overall corporate strategy, and the careful identification of the characteristics of an ideal target, the chances of success can be greatly increased. effective post merger integration is a big key to success.

[ティファニー 激安]

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その他、ショールームのオープンを記念し、日本初登場となる「ステートメント ウォッチ」「5thアヴェニュー ウォッチ」なども特別展示されるティファニー。
アメリカを代表する世界のプレミア?ジュエラー、ティファニーは1837年の創設以来、時を越えて多くの人々を魅了してきた。ティファニーのジュエリー、シルバー、ウォッチ、そのデザインの数々は何世代にもわたって世界中で愛され続けている。ティファニー 通販

[生薬]

生薬

[アバクロ]

アバクロ

[RMT]

RMT

[女性用媚薬]

女性用媚薬

[天天素]

天天素

[Photobioreactor]

Photobioreactors and open ponds are two of the most common ways to do algae biomass cultivation. The high concentration of algae through a controlled environment is achieved with the use of Photobioreactors. It is a closed system, which provides all the right conditions to promote substantial amount of algae for use as bio fuel.

[Real Estate in Vietnam]

I will bookmark and await your update