Iogen Corporation

Iogen Corporation

July 23, 2015 11:25 ET

Brazilian President Christens Iogen Technology at Official Opening of Costa Pinto Cellulosic Ethanol Facility

OTTAWA, ONTARIO--(Marketwired - July 23, 2015) - Brazilian President Dilma Rousseff launched Iogen Energy's cellulosic ethanol technology at the official opening of Raízen's newly expanded Costa Pinto sugar cane mill in Piracicaba, São Paulo, Brazil on July 22, 2015.

President Rousseff said "that the production of second generation ethanol from sugarcane bagasse is the realization of a dream for the country. The collaboration between the State and Raízen is part of the government's commitment to ethanol production as a strategic measure for economic development."

In attendance were several hundred enthusiastic observers including Brazilian Minister of Mines and Energy Eduardo Braga, the Governor of São Paulo State Geraldo Alckmin, Raízen Chairman Rubens Ometto, Raízen CEO Vasco Dias, Canadian Consul General to São Paulo Stéphane LaRue, and Iogen CEO Brian Foody. "This is paving the way for the sugarcane energy industry to consolidate its markets both in the Brazilian and world economies," said Minister Braga during the ceremony.

Iogen, a leading developer of cellulosic biofuel technology, and Raízen, one of the world's largest producers of sugarcane ethanol, completed construction of the $US105 million advanced biofuel facility on time and on budget in December 2014.

The facility converts biomass such as sugar cane bagasse and straw into advanced, second generation cellulosic biofuel. It is the first large-scale commercial implementation of Iogen Energy's cellulosic ethanol technology, which the company developed and has extensively proven in its Ottawa, Canada demonstration facility.

"Raízen and Iogen are working together closely to transform second generation ethanol technology into a reality," said Vasco Dias CEO of Raízen.

"We are very excited to have successfully completed this milestone event proving the commercial viability of cellulosic biofuels," said Brian Foody CEO of Iogen Corporation. "This initiative represents a significant success story for our company. We have a great team of engineers, scientists and operators who've been working tirelessly with Raízen's own excellent team. It has been a great partnership and we're very pleased to be collaborating with a major ethanol industry player and committed partner like Raízen," Foody says. "Large scale commercialization in Brazil will open the door for global deployment of our technology."

Raízen had previously announced that, given a success at Costa Pinto, it intends to deploy Iogen Energy's technology in seven more Raízen sugar cane mills. "We plan to be producing up to 1 billion liters of cellulosic biofuel from bagasse and cane straw by 2024," said Pedro Mizutani, Raízen's Executive Vice President.

About Raízen:

Raízen is a joint venture between Royal Dutch Shell and Brazilian ethanol company Cosan S.A. Raízen produces more than 2 billion liters of ethanol annually, 4 million tonnes of sugar, and has installed capacity of 940 MW of electric energy derived from sugar cane bagasse. The company has over 4,700 service stations for retail fuel distribution in Brazil, over 800 convenience stores, 58 fuel distribution depots, and aviation fuel businesses in 54 airports in Brazil. For more information, visit www.raizen.com.

About Iogen Corporation:

Iogen is a leading technology and project development firm specializing in cellulosic biofuels – renewable transportation fuels that are made from the non-food portion of plant materials and that can be used in today's cars. Iogen has been in the field for over 35 years, has invested roughly $500 million in R&D and process demonstration, and has over 300 issued and pending patents. Iogen is the world's first company to successfully use modern enzymatic hydrolysis technology to produce commercial quantities of cellulosic ethanol for field demonstrations, beginning production in 2004. Iogen has also developed new ways to use biogas to make transportation fuels. Iogen is a privately held company located in Ottawa, Canada. For more information, visit www.iogen.ca.

About Iogen Energy:

Iogen Energy is a joint venture between Iogen Corporation and Raízen that develops sugar and ethanol technology.

Contact Information

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    Iogen Corporation
    Brian Foody
    President & CEO
    613-733-9830

    Iogen Energy Corporation
    Ziyad Rahme
    Executive VP & General Manager
    613-733-9830