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Biox Sombra Biodiesl Plant Upgrades on Hold (Ind. Report)
Biox, Methes Energies Canada
Date: 2017-08-11
Canadian biodiesel producer BIOX Corporation is reporting the postponement of upgrades at its Sombra, Ontario, biodiesel production facility pending a Sept. 7 shareholder meeting and review of a planned transition from a publicly traded to a private company. Biox’s board of directors are recommending that shareholders vote in favor of taking the company private.

Biox purchased the 50 million liter (13.2 million gallon) nameplate capacity biodiesel facility in Sombra, Ontario, from Methes Energies Canada Inc. in 2016 for $4.5 million. This spring, Biox announced it is working with Forge Hydrocarbons Corp. to lease Forge up to four acres at the Sombra site for construction of a 25 MMly renewable diesel plant using Forge’s technology. (Source: Biox, 89 Aug., 2017) Contact: BIOX, Alan Rickard, CEO, (905) 521-8205 ext. 253, arickard@bioxcorp.com, www.bioxcorp.com

More Low-Carbon Energy News Biox,  Biodiesel,  Methes Energies Canada ,  


BIOX Renews Term Loan with FCC (Funding, Ind. Report)
BIOX
Date: 2017-05-15
Canadian biodiesel producer BIOX Corporation reports it has secured renewal of its $7.5 million, 5-year term loan with Farm Credit Canada.

BIOX owns and operates 287.5 million litres of nameplate biodiesel production capacity at plants located in Houston, Texas and two facilities in southern Ontario. The company's patented production process is capable of producing the highest quality, renewable, clean burning and biodegradable biodiesel fuel utilizing pure seed oils, animal fats and other feedstocks with no change to the production process.

Farm Credit Canada is Canada's leading agriculture lender, with a healthy loan portfolio of more than $30 billion. (Source: BIOX Corporation, PR, 12 May, 2017) Contact: BIOX, Alan Rickard, CEO, (905) 521-8205 ext. 253, arickard@bioxcorp.com, www.bioxcorp.com; Farm Credit Canada, www. fcc.ca

More Low-Carbon Energy News BIOX,  Biodiesel,  Farm Credit Canada,  

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