Tag: biox

Court approves sale BIOX to CFFI Ventures

Court approves sale BIOX to CFFI Ventures

September 21, 2017 |

In Canada, BIOX Corporation announced the Ontario Superior Court of Justice issued a final order approving the previously announced transaction pursuant to which 10293547 Canada Limited, a wholly-owned indirect subsidiary of CFFI Ventures Inc. will acquire all of the issued and outstanding common shares of BIOX by way of plan of arrangement under the Canada […]

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Biox buys Methes Energies Canada biodiesel plant for $4.5 million

Biox buys Methes Energies Canada biodiesel plant for $4.5 million

June 20, 2016 |

In Canada, Hamilton, Ontario-based biodiesel producer Biox Corp. announced it has acquired a 13.2 million gallon nameplate capacity biodiesel facility in Sombra, Ontario, from Methes Energies Canada Inc. for $4.5 million. The Sombra facility is located on a 21-acre facility near Sarnia, Ontario, with excellent logistics, including on-site rail. Originally constructed in 2009, the facility […]

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BIOX and Shell Canada sign supply agreement for biodiesel

BIOX and Shell Canada sign supply agreement for biodiesel

March 28, 2013 |

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 […]

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Biox to resume biodiesel production as RFS2 demand increases

Biox to resume biodiesel production as RFS2 demand increases

January 28, 2013 |

In Canada, Biox will resume production at its biodiesel facility in Hamilton, ON after suspending production in October because of lack of demand. The company says that the RFS2’s 28% increase in demand for renewable diesel in 2013 to 1.28 billion gallons plus the reinstatement of the biodiesel blending credit mean that market conditions are […]

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Biox quits Port of New York biodiesel plans

Biox quits Port of New York biodiesel plans

December 24, 2012 |

In New York state, Biox will no longer go forward with the 100 million liter per year biodiesel plant it had planned to build with International- Matex Tank Terminals at the Port of New York due to a change in market dynamics since the project was announced in June. As a result, the company will […]

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BIOX halts production at Ontario biodiesel plant

BIOX halts production at Ontario biodiesel plant

October 29, 2012 |

In Canada, BIOX has halted biodiesel production at their Hamilton, Ontario plant. Citing market conditions, the company intends to resume production in the 67 million liter facility after analyzing production volumes and pricing. The company’s stand-alone glycerin refinement system will remain in operation. “We remain confident in the long-term fundamentals of the broader biodiesel market, […]

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Canada’s BIOX to build biodiesel plant in New Jersey

Canada’s BIOX to build biodiesel plant in New Jersey

June 6, 2012 |

In Canada, BIOX Corporation, the country’s largest biodiesel producer, has signed an agreement with the International-Matex Tank Terminals company to build a new, 26 million gallon (100 million liter) production facility in Bayonne, New Jersey. Planned to open in December 2013, the facility will be located on the existing IMTT property in the New York […]

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Biofuels Digest Index fizzles to 70.71 as biodiesel wanes

Biofuels Digest Index fizzles to 70.71 as biodiesel wanes

December 13, 2011 |

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 1.74 percent to 70.71 as biodiesel stocks tumbled. For the day, Archer Daniels Midland (ADM) fell 2.68 percent to $28.34, while Biox (BX.T) tumbled 5.80 percent to $1.30.  Among other equities, Gushan (GU) plunged 6.25 percent to $1.50. Overall, declines led advances 3 […]

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Biox taps new CEO and CFO

Biox taps new CEO and CFO

September 6, 2011 |

In Canada, Biox announced that they have appointed Kevin Norton to the position of Chief Executive Officer and Chris Clinning to the position of Executive Vice President and Chief Financial Officer.  Mr. Norton is a co-founder and was previously the Chief Operating Officer.

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BIOX sales quadruple in Q3

BIOX sales quadruple in Q3

August 8, 2011 |

In Canada, BIOX reports third quarter results sales were $24.49 million compared to $6.58 in Q3 2010, with operating losses of only $431,000 compared to $5.6 million in EQ 2010.  Sales for all three quarters was $74.3 million, as opposed to $33 million for the first three quarters of 2010.  Kevin Norton, Acting Chief Executive […]

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