| Subject: Re: Econuts worst nightmare1 |
Author:
Duncan7
|
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Date Posted: 09:31:27 12/23/06 Sat
In reply to:
Oropan
's message, "Econuts worst nightmare1" on 18:25:04 12/22/06 Fri
Actually, the best money to be made right now is in "econut" futures. I fear it will be relatively short lived however. If we ever get to even 20% bio-mass consumption that's when the real problems are going to show themselves. Plenty of time to still make some good cash however.
>Making fuel to power cars out of trees!!!
>
>SunOpta and GreenField Ethanol Create Cellulosic
>Ethanol Joint Venture
>Thursday December 21, 7:30 am ET
>
>
>TORONTO--(BUSINESS WIRE)--SunOpta Inc. (SunOpta or the
>Company) (NASDAQ:STKL - News; TSX:SOY - News) today
>announced that it has signed a joint venture agreement
>with GreenField Ethanol Inc. ("GreenField"), 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 employing the new process.
>
>
>The first plant is planned to produce 40 million
>liters (approximately 10 million gallons) of
>cellulosic ethanol per year, which would be the first
>commercial scale cellulosic ethanol plant built and
>operational in the world using wood chips. 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.
>
>The venture will be owned 50% by GreenField and 50% by
>SunOpta's BioProcess Group and will utilize the
>SunOpta BioProcess Group's patented and proprietary
>process solutions for the production of cellulosic
>ethanol.
>
>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."
>
>Bob Gallant, President and CEO of GreenField
>commented, "This partnership combines decades of
>GreenField's experience in developing world-class
>ethanol plants and SunOpta's experience in developing
>cellulose pre-treatment technologies. This new joint
>venture creates unparalleled experience in developing
>cellulose technology."
>
>The SunOpta BioProcess Group is a leader in the
>design, construction and optimization of biomass
>conversion equipment and facilities. With more than 30
>years of experience in delivering biomass solutions
>worldwide, the BioProcess Group combines its
>application expertise with innovative technologies to
>produce cellulosic ethanol, cellulosic butanol,
>xylitol, and dietary fiber for human consumption; and
>is currently supplying equipment and technology to
>three cellulosic ethanol projects in the U.S., Spain,
>and China.
>
>GreenField Ethanol, formerly Commercial Alcohols, is
>Canada's leading ethanol producer. The company
>produces 215-million litres a year of corn-based
>ethanol at its plants in Chatham and Tiverton,
>Ontario. A third facility in Varennes, Quebec is
>slated to open in February 2007 and two more plants
>are under construction in Hensall and Johnstown,
>Ontario, and will be operational in 2008. GreenField
>Ethanol will be one of the top producers in North
>America with five operating plants, producing more
>than 700-million litres of ethanol per year by 2008.
>
>GreenField's fuel is available at more than 1,500 gas
>stations across Canada.
>
>About SunOpta Inc.
>
>SunOpta Inc. is an operator of high-growth ethical
>businesses, focusing on integrated business models in
>the natural and organic food markets. The Company has
>three business units: the SunOpta Food Group, which
>specializes in sourcing, processing and distribution
>of natural and organic food products integrated from
>seed through packaged products; the Opta Minerals
>Group, a producer, distributor, and recycler of
>environmentally friendly industrial materials; and the
>SunOpta BioProcess Group which engineers and markets
>proprietary steam explosion technology systems for the
>pulp, bio-fuel and food processing industries. Each of
>these business units has proprietary products and
>services that give it a solid competitive advantage in
>its sector.
>
>BTW, this is the company that Stephen told me would
>never amount to anything.....it was about $4 a share
>then. It is $9 a share now.
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