Comet Biorefining signs with Ontario-based farmer’s cooperative to develop sustainable biomass supply chain

March 30, 2016 |

In Canada, Ontario-based farmer’s cooperative, confirms that it has entered into a memorandum of understanding with Comet Biorefining to collaborate on the development of a sustainable agricultural biomass supply chain in southwestern Ontario. Comet Biorefining recently announced Sarnia, Ontario as the location of its commercial-scale biomass-derived sugar facility. The plant will require over 60,000 tonnes of corn stover or wheat straw per year producing dextrose sugar. The production of these sugars and co-products would support the production of bioproducts such as biochemicals and biofuels.

The Cooperative Board of Directors has approved the jointly developed business plan for the agricultural biomass to sugar value chain in southwestern Ontario and is now engaged in completing its regulatory requirements to complete an equity raise anticipated to occur in the third quarter of 2016. The business plan includes a full assessment of the specific costs for the aggregation, transportation and storage of agricultural biomass (particularly corn stover from the farm to the gate of the cellulosic conversion plant) and the potential financial returns for participation as an equity partner in the cellulosic sugar production facility. The project was conducted by Bioindustrial Innovation Canada (BIC).

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