Biox announces impending IPO, to become first public biodiesel producer in Canada

In Canada, Biox Corp. announced plans for an IPO to raise $150 million in new capital. Biox produces 15.8 Mgy at its Halmilton, Ontario facility and plans to open new facilities in Ontario, Quebec and the US.

With the IPO, Biox will become the first public Canadian biodiesel company. SunOpta and Lignol Energy are among the handful of public Canadian biofuels companies.

The IPO comes as speculation mounts as to the timing and extent of a Canadian biofuels mandate. The government is expected to mandate B2 biodiesel by 2012.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Biox Canada receives $72.4 million in Canadian financing for advanced biodiesel plant

In Canada, Biox Canada announced that it will receive $72.4 million in funding for its Hamilton-based biodiesel plant through the Canadian ecoEnergy for Biofuels program. In total, the fund will distr...

Northern Ethanol proposes 150 Mgy ethanol plant in Ontario

In Canada, Northern Ethanol said that it intends to build a 150 Mgy ethanol plant in Sarnia, Ontario for $210 million. The plant will commence construction later this year and be completed in 2010. No...

Methes Energies completes 1.3 Mgy biodiesel demonstration plant in Ontario

In Canada, Methes Energies announced the completion of its 1.3 Mgy biodiesel plant in Mississauga, Ontario. The demonstration plant is intended to showcase the company's Denami 600 biodiesel processor...

Methes Energies Canada to close site purchase for 6.6 Mgy biodiesel plant in Ontario

In Canada, Methes Energies Canada said that it would close its $2.2 million purchase of a 22-acre facility in Sarnia, Ontario on May 29, delayed one month to facilitate site clean up by current owners...

Farm Tech proposes $185 million corn ethanol plant in Canada; financing tough

In Canada, Farm Tech has proposed a $185 million co-op corn ethanol plant in Ontario, but is having difficulty in co-op financing from farmers owing to the collapse of the Seaway Valley co-op, which t...

Northern Ethanol secures 9MW of Niagara power for proposed ethanol plant

The New York Power Authority Board of Trustees voted to approve an allocation of 9 megawatts of power from the Niagara Power Project to Northern Ethanol, for its planned ethanol facility. The facility...