BC Bioenergy Network

BC Bioenergy Network
Regional District of Nanaimo

Cedar Road Bioenergy Inc.

February 08, 2012 09:00 ET

BC Bioenergy Network Invests in Cedar Road Bioenergy Inc. Phase 2 Expansion at the Nanaimo Bioenergy Centre

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2012) - The BC Bioenergy Network ("BCBN"), a provincially-funded leader supporting the growing bioenergy sector in British Columbia, announced today a $200,000 equity investment in Nanaimo-based Cedar Road Bioenergy Inc. ("Cedar Road") to support the Phase 2 expansion of the Nanaimo Bioenergy Centre.

This investment will support the installation of a gas storage system which will improve the revenues and income for the $4 million facility, paying the way for incremental expansion to improve the integrated bioenergy benefits and energy utilization at the centre. Over 111 jobs will be created throughout the three year Phase 2 construction phase and another 8 full time ongoing operation positions.

All amendments to existing agreements and required permits have been approved and the project has now commenced. To encourage collaboration amongst BC's best and brightest technology suppliers, the Nanaimo Bioenergy Centre hosted an Innovators Networking Meeting on September 21, 2011 in Vancouver to explore opportunities to demonstrate BC innovations in biogas fuel storage, cleaning equipment, compression and processing for transportation fuel, wireless billing platforms for fuel and electricity purchase and district heating applications including waste heat recovery.

"We are committed to supporting innovative energy solutions like this that help us to convert landfill waste to gas to produce clean energy," said Rich Coleman, Minister of Energy and Mines. "Projects like the Nanaimo Bioenergy Centre help create jobs while reducing emissions."

"Based on the success of the deployment of the landfill-gas to electricity first phase, BC Bioenergy Network is pleased to make a second investment in Cedar Road Bioenergy Inc. and the Nanaimo Bioenergy Centre," said Michael Weedon, Executive Director of the BC Bioenergy Network. "Increasing commercial viability through implementing a gas storage solution and developing a next phase district energy application is an important step in the ongoing leadership demonstrated by the Nanaimo Bioenergy Centre in municipal waste - energy solutions."

"We are fortunate to have partners that understand the focus, commitment, and accountability required to manoeuvre through challenges and to implement innovative solutions for commercial success," states Paul Liddy, Managing Director of Cedar Road Bioenergy Inc. and one of the three partners in the Nanaimo Bioenergy Centre. "Partnering with the BC Bioenergy Network and the Regional District of Nanaimo, who share our collaborative vision, has added value and leadership for the benefit of the local community and the province of BC."

"Cedar Road Bioenergy Inc. is an industry leader in the conversion of landfill waste to clean energy, and this $200,000 equity investment from BCBN shows a strong commitment to commercial GHG reduction," said Regional District of Nanaimo Chairperson Joe Stanhope. "As one of three partners in the Nanaimo Bioenergy Centre, the RDN is keen to demonstrate best practices at this facility, and to share what we learn with interested stakeholders in British Columbia and beyond."

About the NANAIMO BIOENERGY CENTRE - Created as a Collaborative Development and Demonstration Centre (CDDC) by Cedar Road, the Regional District of Nanaimo, and BC Bioenergy Network to help disseminate best practices to other small-to-medium sized municipalities. Sector stakeholders, both private and public, and partners come together to be innovative. The focus of this center is to achieve measurable leading outcomes in commercial GHG reduction and distributed waste to energy and product conversion for small to medium sized landfills. Cedar Road Bioenergy Inc. plans to incorporate this collaborative effort through the expansion of the second phase of their project to be completed within the next 3 years.

About the BC Bioenergy Network - Established in April 2008 with a $25 million grant from the BC government, the BC Bioenergy Network is an industry-led association that acts as a catalyst for deploying near-term bioenergy technologies and organizing mission-driven research for the development and demonstration of sustainable world class bioenergy capability in BC. For more information about the BCBN, visit www.bcbioenergy.ca.

About Cedar Road Bioenergy Inc. - Building on our waste to energy utilization demonstrate site at the Nanaimo Landfill, we partner with others to implement and grow a successful bioenergy sector in North America. We are currently operating our Phase One 1.4 MW electrical utilization facility and are underway with the design of Phase Two, Thermal Utilization and CO2 destruction. We are seeking to attract domestic and international innovators, knowledge based companies and research bodies that are looking for a location to test, certify or demonstrate utilization equipment to collaborate to build a clean energy and environmentally sustainable future.

About the RDN - The Regional District of Nanaimo consists of four municipalities and seven rural Electoral Areas located on mid-Vancouver Island. The RDN's 17-member Board of Directors works to ensure that services are delivered on a cooperative, region-wide basis, or within selected local areas. These services include solid waste management, sewage treatment, growth management, public transit, fire protection, recreation and parks, water supply, building inspection and bylaw enforcement, general administration and emergency planning.

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