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BC Bioenergy Network Invests in Cedar Road Bioenergy Inc. Phase 2 Expansion

BC Bioenergy Network Invests in Cedar Road Bioenergy Inc. Phase 2 Expansion

BC Bioenergy Network Invests in Cedar Road Bioenergy Inc. Phase 2 Expansion

BC Bioenergy Network Invests in Cedar Road Bioenergy Inc. Phase 2 Expansion

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Move will pay 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."