Woodland Biofuels secures $12M in equity financing for cellulosic ethanol demonstration
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.
Category: Fuels