Bioindustrial Innovation Canada Approves Investment in Low Carbon Intensity Biodiesel Company, Benefuel

April 3, 2018

NEWS RELEASE

SARNIA, Ontario - Bioindustrial Innovation Canada (BIC) is a not-for-profit organization based in Sarnia, Ontario, with a goal to support Ontario and Canada becoming globally-recognized leaders in the field of sustainable technologies. In 2016, BIC established the Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) initiative program, which acts as a hub for the commercialization of sustainable chemistry and bio-based innovation. Bio-based start-ups and sustainable chemistry companies can participate in this program to remove barriers to commercialization and investments.

 

Benefuel is a renewable energy company that utilizes their patented ENSEL® catalyst technology to produce a low carbon intensity biodiesel from a variety of food and agriculture waste streams, with high yields. The biodiesel produced meets and exceeds the ASTM 6751 standard, the highest market designation. BIC has been working with Benefuel for a number of years, providing advice and services in anticipation of Benefuel’s decision to build its first, commercial-scale ENSEL® plant in Sarnia.

 

BIC believes the global trend towards low carbon transportation fuels, favourably positions Benefuel today.  The ENSEL® process combines the two main reactions for biodiesel production, esterification and trans-esterification, into a single step. This allows Benefuel to use a broad range of low cost, low carbon feedstocks resulting, in a negative carbon intensity fuel, when measured using the GHGenius model.

 

Based on BIC’s assessment of Benefuel’s technology and business plan, BIC has approved an investment as part of Benefuel’s current financing round. This investment will allow Benefuel to complete the engineering needed as a final step before the construction of its first, commercial demonstration plant in Sarnia.

 

“Ontario is committed to reducing greenhouse gas emissions from its transportation fuel pool,” says Sandy Marshall, Executive Director of BIC. “We recognize the need for low carbon transportation fuels and Benefuel provides an important step forward to meet these goals.”

 

“Benefuel is excited to develop its first commercial refinery in Sarnia,” says Rob Tripp, Chief Executive Officer of Benefuel. “After almost two years of operation of a large-scale demonstration plant in Nebraska, we are incorporating those operational learnings into an enhanced, modular refinery design that will serve as the foundation for our growth here in Sarnia and abroad. The modular design will allow us to develop projects faster, with lower costs and higher quality. Sarnia is an excellent choice of location due to its considerable infrastructure of services, contractors, module fabricators and overall talent pool of skilled resources for operations.”

 

 

 

 

 

 

For more information please contact:

 

A.J. Sandy Marshall,

Executive Director

Bioindustrial Innovation Canada

Email: [email protected]

 

Or

 

Rob Tripp,

Chief Executive Officer

Benefuel 

Email: [email protected]

 

 

About Bioindustrial Innovation Canada

Bioindustrial Innovation Canada (BIC) is a nationally focused not-for-profit organization based in Sarnia, Ontario. The Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) acts as a hub for the commercialization of sustainable chemistry and bio-based innovation, providing businesses and technical support to participating small- and medium-sized enterprises (SMEs) in southern Ontario. COMM SCI was established with a $12-million contribution from the Federal Economic Development Agency for Southern Ontario’s (FedDev Ontario) Investing in Regional Diversification initiative and additional support from the Government of Ontario Ministry of Research, Innovation and Science. BIC creates jobs and economic value sustainably for Canada. We provide critical strategic investment, advice and services to business developers of clean, green and sustainable technologies. Our expertise in commercialization builds a stronger Canada. ​For more information, visit www.bincanada.ca 

 

About Benefuel

Benefuel Inc. is a Canadian, majority owner biodiesel process technology and production company with offices in Ottawa, Ontario Canada and Coppell, Texas, USA. The company has developed a novel, next-generation technology for manufacturing low carbon biodiesel and bio-lubricants from waste feedstock.  Benefuel's patented ENSEL® process allows the company to produce biodiesel at a substantially lower cost than conventional methods by using lower cost, high free fatty acid feedstocks and converting them at high yields into biodiesel and technical grade glycerin. For more information, visit www.benefuel.net

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Bioindustrial Innovation Canada
1086 Modeland Road, Sarnia, ONT, Canada, N7S 6L2

Email: [email protected] 

Tel: 1.226.778.0020