New West Opportunities
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Biodiesel Projects Aimed at Benefiting Smaller,
Rural Alberta Communities
November 22, 2011/Edmonton, Alberta and Toronto, Ontario – A U.S.-based
bioenergy company, The Power Alternative Inc. (TPA), and a consortium of
Canadian and Alberta financial, operating and logistics partners announced
today that they remain committed to building two separate 66 million litre a
year biodiesel plants in Alberta. The fully-integrated crush and biodiesel
plants, each with a total capital cost of $30 million (CDN), would be located in
northwestern Alberta (in the High Prairie region) and in northeastern Alberta
(in Smoky Lake County).
“The projects we are proposing reflect both a vision and commitment to
smaller, regionally-sited plants that integrate with local and regional
feedstock supply chains,” said TPA Chair James Padilla Sr. “Our ongoing
series of local and regional agricultural producer information sessions have
demonstrated our commitment to establishing win-win partnerships with local
agricultural producers – preferably for off-grade canola and, in the future, for
other non-food-grade feedstocks that are grown on more marginal or
underutilized lands. With a $200 million a year regional expenditure
multiplier associated with each plant, this ongoing dialogue with producers
and other regional components of the supply chain will continue to be a
priority.”
TPA President Jim Padilla Jr. added, “Alberta’s and Canada’s new mandated
requirements for biodiesel production and blending with hydrocarbon-based
diesel have created a significant opportunity for Alberta production. This
opportunity goes beyond just diesel fuel blending to include possible co-firing
in coal-fired electricity generation – where biodiesel CO2 emissions are 78%
less than petroleum-derived diesel – to aviation bio-fuels, bio-diluents, bio-
fertilizer and bio-herbicide production. These are all value-added green
economy applications where Alberta – and particularly rural Alberta – clearly
has significant potential to become a North American leader.”
“The commitment is to have the first 66 million litre a year project up and
running by the end of 2012, or early 2013 at the latest, a timeframe that was
achieved with the construction of TPA’s recent modular-designed plant in
Michigan,” said Shane Pospisil, speaking on behalf of New West Opportunities
Inc., the consortium of Canadian and Alberta financial, operating and logistics
partners. “Over the past several months, the focus has been on listening and
talking to agricultural producers. The project proponents are confident that
the two proposed biodiesel plants are now widely viewed as providing regional
agricultural producers with highly-competitive off-grade supply options,
options that are located in their backyard and options that directly benefit
their local economies.”
Rural Alberta Communities
November 22, 2011/Edmonton, Alberta and Toronto, Ontario – A U.S.-based
bioenergy company, The Power Alternative Inc. (TPA), and a consortium of
Canadian and Alberta financial, operating and logistics partners announced
today that they remain committed to building two separate 66 million litre a
year biodiesel plants in Alberta. The fully-integrated crush and biodiesel
plants, each with a total capital cost of $30 million (CDN), would be located in
northwestern Alberta (in the High Prairie region) and in northeastern Alberta
(in Smoky Lake County).
“The projects we are proposing reflect both a vision and commitment to
smaller, regionally-sited plants that integrate with local and regional
feedstock supply chains,” said TPA Chair James Padilla Sr. “Our ongoing
series of local and regional agricultural producer information sessions have
demonstrated our commitment to establishing win-win partnerships with local
agricultural producers – preferably for off-grade canola and, in the future, for
other non-food-grade feedstocks that are grown on more marginal or
underutilized lands. With a $200 million a year regional expenditure
multiplier associated with each plant, this ongoing dialogue with producers
and other regional components of the supply chain will continue to be a
priority.”
TPA President Jim Padilla Jr. added, “Alberta’s and Canada’s new mandated
requirements for biodiesel production and blending with hydrocarbon-based
diesel have created a significant opportunity for Alberta production. This
opportunity goes beyond just diesel fuel blending to include possible co-firing
in coal-fired electricity generation – where biodiesel CO2 emissions are 78%
less than petroleum-derived diesel – to aviation bio-fuels, bio-diluents, bio-
fertilizer and bio-herbicide production. These are all value-added green
economy applications where Alberta – and particularly rural Alberta – clearly
has significant potential to become a North American leader.”
“The commitment is to have the first 66 million litre a year project up and
running by the end of 2012, or early 2013 at the latest, a timeframe that was
achieved with the construction of TPA’s recent modular-designed plant in
Michigan,” said Shane Pospisil, speaking on behalf of New West Opportunities
Inc., the consortium of Canadian and Alberta financial, operating and logistics
partners. “Over the past several months, the focus has been on listening and
talking to agricultural producers. The project proponents are confident that
the two proposed biodiesel plants are now widely viewed as providing regional
agricultural producers with highly-competitive off-grade supply options,
options that are located in their backyard and options that directly benefit
their local economies.”
