BIOX and Shell Canada sign supply agreement for biodiesel

In Canada, BIOX and Shell announced a new supply agreement to send biodiesel to Shell Canada Limited (Shell Canada ) by an inter-terminal pipeline from BIOX Corporation (BIOX) (BX.TO). BIOX’s Hamilton biodiesel refinery is located immediately adjacent to the Shell distribution terminal which allows for a pipeline to be installed connecting the two facilities. The connection is expected to be completed by late 2013. The project costs to connect the two facilities will be shared by the two parties. Costs were not disclosed. BIOX’s Hamilton facility has a nameplate capacity of 67 million litres per year. Currently, essentially all of its biodiesel production is sold into the United States . As part of its contribution to the connection project, BIOX will be constructing a tank on its site to inventory product specifically for Shell’s use.