EDMONTON AND TORONTO, Nov. 22, 2011 /CNW/ - A U.S.-based bioenergy
company, The Power Alternative Inc. (TPA), and a consortium of Canadian
and Alberta financial, operating and logistics partnersannounced 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
tosmaller, 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 constructionof 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 plantsare now widely viewed as providing
regional agricultural producers with highly-competitive off-grade
supplyoptions, options that are located in their backyard and options
that directly benefit their local economies."
The Power Alternative: www.ThePowerAlternative.com
New West Opportunities: www.NewWestAB.com
SOURCE New West Opportunities (NWO)
For further information:
Mr. Greg Radstaak
Communications Coordinator, New West Opportunities Inc.
Associate, Nichols Applied Management
Mr. Jim Padilla Jr.
President, The Power Alternative Inc.