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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
November 7, 2002JV ethanol plant in Manitoba contemplated By OGJ editors
HOUSTON, Nov. 5 -- A cooperative of rural municipalities signed a letter of intent with a subsidiary of Outlook Resources Inc., Toronto, to jointly develop and build an ethanol plant in the Dauphin and Roblin region of Manitoba.
Outlook's Atlantol Industries Inc. said the proposed plant, estimated at $50 million (Can.), would be capable of producing 80 million l./year of fuel grade ethanol.
The Parkland Agricultural Resource Cooperative (PARC) represents 5,200 farms consisting of 2.5 million acres of producing farmland. The agreement provides PARC's members with the option to acquire up to a 25% interest in Atlantol.
PARC agreed to pay $50,000 for an engineering feasibility study to be prepared by Dillon Consulting Ltd. Outlook, and PARC await the results of the engineering feasibility study before proceeding to the next stage.
Once the engineering feasibility study is completed, PARC can obtain its stakeholder's position by providing an additional $2.45 million for plant development and construction.
The agreement hinges upon Atlantol arranging financing to cover 25% of the project costs and obtaining a binding commitment for project financing equal to 70% of the project costs.
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