SunOpta and GreenField Ethanol Create Cellulosic Ethanol Joint Venture

SunOpta and GreenField Ethanol Create Cellulosic Ethanol Joint Venture: "SunOpta and GreenField Ethanol Create Cellulosic Ethanol Joint Venture
TORONTO--(BUSINESS WIRE)--SunOpta Inc. (SunOpta or the Company) (NASDAQ:STKL)(TSX:SOY) today announced that it has signed a joint venture agreement with GreenField Ethanol Inc. (“GreenField”), formerly known as Commercial Alcohols Inc., Canada’s leading producer of fuel ethanol, to develop and implement commercial scale processes for the production of cellulosic ethanol from wood chips, including the planned establishment of one or more commercial scale plants employing the new process.
The first plant is planned to produce 40 million liters (approximately 10 million gallons) of cellulosic ethanol per year, which would be the first commercial scale cellulosic ethanol plant built and operational in the world using wood chips. Greenfield Ethanol and SunOpta are actively involved in selecting a site for the first plant in Ontario or Quebec. Subsequent plants will be in the range of 200 to 400 million liters (approximately 50 to 100 million gallons) per year capacity.
The venture will be owned 50% by GreenField and 50% by SunOpta’s BioProcess Group and will utilize the SunOpta BioProcess Group’s patented and proprietary process solutions for the production of cellulosic ethanol. SunOpta and GreenField Ethanol Create Cellulosic Ethanol Joint Venture
TORONTO--(BUSINESS WIRE)--SunOpta Inc. (SunOpta or the Company) (NASDAQ:STKL)(TSX:SOY) today announced that it has signed a joint venture agreement with GreenFie"