Woodland Biofuels secures $12M in equity financing for cellulosic ethanol demonstration

January 14, 2011 |

In Canada, Woodland Biofuels announced today the closing of a common equity investment in Woodland to help build a groundbreaking demonstration plant that will produce cellulosic ethanol.  The common equity investment is part of a $12 million demonstration plant financing.  Investors include the Ontario Emerging Technologies Fund, Investeco Capital, and David LeGresley, former Vice-Chairman of National Bank Financial.

The demonstration plant will be located at the Bioindustrial Innovation Centre, in the University of Western Ontario’s Sarnia-Lambton Research Park, and will use Woodland’s patented technology, which can produce sustainable fuels from virtually any type of biomass, including wood waste, agricultural waste and municipal waste.

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Category: International

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