Canada - British Columbia

A Memorandum of Understanding (MOU) has been signed with the Kamloops Indian Band (KIB) in Kamloops, British Columbia, Canada. The purpose of the MOU is to work together to develop, build and operate a cellulosic biorefinery and cogeneration facility in conjunction with the KIB and our alliance partner Price Biostock.

The site for the biorefinery and cogeneration facility is ideally situated for industrial use near the City of Kamloops. KIB will provide access to feedstock resources secured via a multi-year Provincial forestry agreement in which KIB has rights to 124,000 cubic meters of beetle-killed wood within the Kamloops Timber Supply Area. The forestry agreement augments a forest and range agreement signed by the band in 2005, which granted $2.5 million in shared revenues and 272,000 cubic meters of timber over five years.

The biorefinery is planned to have an annual capacity of 7 million gallons (MGY) of fuel grade ethanol and 4 million gallons of furfural, furfural alcohol, related eco-friendly derivative chemicals and lignin cake. Due to the size of the proposed location, future capacity could be increased to double or triple the plant’s production. We plan to move quickly and develop a course of action for the lease of a 30-acre site with direct rail and road access for the construction of an environmentally safe facility.