Investeco Private Equity Fund II, first institutional investor in
Woodland Biofuels Inc.
TORONTO, March 26 /CNW/ - Investeco Capital Corporation (ICC), a leader
in environmental investing, today announced an investment in Woodland Biofuels
Inc. (Woodland) of Mississauga, Ontario.
Woodland has developed a patented and proprietary thermo-chemical process
for the conversion of cellulosic biomass into fuel ethanol. Forest,
agricultural or other common sources of biomass are gasified and processed
through a series of catalytic reactions to produce ethanol, distillation water
"Based on Investeco's due diligence, we believe Woodland's patented
Catalyzed Pressure Reduction technology is extremely efficient in its
conversion of biomass and is highly scaleable," stated Andrew Heintzman,
President, ICC. "Woodland's process is significantly more efficient than
traditional ethanol production and its cellulosic competitors," he continued.
"While the energy conversion ratios and greenhouse gas mitigation for
traditional corn based ethanol is marginal at best, the potential for
Woodland's process of producing ethanol from waste streams is significantly
"Demand for this "next generation" ethanol is expected to be enormous
over coming years. For example, the United States has set an objective of
36 billion gallons of renewable and alternative fuels by 2022; most of that
would come from cellulosic ethanol," concluded Mr. Heintzman.
"We are very pleased that Investeco is the first institutional investor
to recognize the potential of our Catalyzed Pressure Reduction technology and
is financing its further development and commercialization," said Greg Nutall,
President, Woodland. "Investeco's recognized expertise in environmental
investing will assist us as we seek other investors and partners in the
Woodland is also a recently announced recipient of $9.8 million in
assistance from Sustainable Development Technology Canada towards the
commercialization of its technology and development of a demonstration plant.
About Investeco Capital Corporation
Investeco Capital Corporation (ICC) is Canada's first investment company
to be exclusively focused on environmental sectors such as renewable energy,
sustainable agriculture, water infrastructure, and clean technologies.
About Woodland Biofuels Inc.
Woodland Biofuels Inc. is a Canadian company that has made impressive
breakthroughs in the areas of energy, environment, and waste disposal. The
company develops and licenses plants utilizing its cutting edge, patented
technologies which convert renewable waste materials into fuels and chemicals
in a highly profitable and environmentally safe manner.
For further information:
For further information: Andrew Heintzman, President, Investeco Capital
Corporation, (416) 304-1750, ext. 398, firstname.lastname@example.org,
www.investeco.com; Greg Nuttal, President & CEO, Woodland Biofuels Inc., (905)
670-5502 ext.404, email@example.com, www.woodlandbiofuels.com