Raven Biofuels introduces Canadian partner
By Canadian Biomass
Dec. 31, 2009, Atlanta, GA – Raven Biofuels International Corporation announces a Canadian partner, Raven Biofuels Ltd, to advance its production technologies for biofuels and renewable chemicals and develop Canadian projects.
By Canadian Biomass
Dec. 31, 2009, Atlanta, GA – Raven Biofuels International Corporation announces a
Canadian partner, Raven Biofuels Ltd (RBL). RBL is a Canadian corporation
established to develop production technologies for biofuels and renewable
chemicals in conjunction with the forestry sector and pursue Canadian
opportunities in bioenergy and clean technology. Under its proposed agreement
with Raven Biofuels International (RBI), RBL will pay RBI a fee to be
negotiated for the exclusive rights to RBI's technology for Canada. RBI and RBL
will jointly develop the technology to commercialisation.
RBI has also contributed relationships and know-how for fibre supply and a proposed
site to build the first commercial scale biorefinery in Kamloops, British
Columbia, which will form a joint venture with the Kamloops Indian Band (KIB),
to be called the Tk'emlúps Biorefinery. RBI will further retain certain
distribution and marketing rights to the products made from the proposed
Canadian refinery, advisory fees and rights to participate in financing, and as
an equity partner. RBI has loaned an initial $170,000 to RBL in conjunction
with the Tk'emlúps Biorefinery joint venture to be used for initial studies,
engineering, and testing.
The proposed Tk'emlúps Biorefinery will require a continuous fibre supply of 500
dry tons/day to produce its initial output of 11-million gallons/year of fuel
grade ethanol, green chemicals, and lignin. It is planned that KIB will be the
primary fibre supplier for the biorefinery. The biorefinery design will be
scalable to increase output once capacity is reached. It is anticipated that
the biorefinery will create up to 30 direct full-time jobs for the community of
Kamloops and a number of other indirect jobs in the forestry and transportation
"Having a Canadian partner will accelerate commercialization of Raven's technology and
ensure the success of the Tk'emlúps project,” says John Sams, president of RBI.
“There are many attractive elements to the Canadian project that will be
appropriately managed and operated from a local level. Having the right people
on the ground is the key to success."