BioEnergy International Commences Site Work on
108 Million Gallon Ethanol Project
Monday May 8, 5:32 pm ET
NORWELL, Mass.--(BUSINESS WIRE)--May 8, 2006--BioEnergy International, LLC ("BioEnergy"), a company developing proprietary technologies to produce ethanol and specialty chemicals from traditional feedstocks as well as lignocellulosics, announced today that it has commenced site work on its first biorefinery, a 108 million gallon per year ethanol plant located on land leased from the Lake Providence Port Commission in East Carroll Parish, Louisiana.
The plant will be owned by Bionol, LLC, a subsidiary of BioEnergy, and is expected to commence full-scale construction early in the fourth quarter of 2006. Initially the plant will produce ethanol from corn using conventional technology designed by Delta-T Corporation, a leading, innovative designer of alcohol plants, systems and technology. BioEnergy intends to rapidly introduce its proprietary technology to produce fuels and specialty chemicals using organic wastes such as bagasse, rice hulls and wood in addition to corn. BioEnergy has a pipeline of projects in various stages of development representing over 400 million gallons of annual ethanol production.
Separately, BioEnergy has obtained exclusive licenses for novel biocatalysts and has initiated research to support commercial development of specialty chemicals utilizing these biocatalysts for introduction into the Lake Providence facility in the next several years; thus achieving its goal of becoming a world-scale biorefinery. In addition, BioEnergy has secured an exclusive research agreement with the University of Florida and Dr. Lonnie Ingram to develop proprietary technologies to produce biobased specialty chemicals (other than ethanol) from starch and cellulose derived sugars.
"The commencement of foundation work at Lake Providence is the first of many building blocks toward BioEnergy's quest to become the leading developer of biorefineries producing fuels, chemicals and power all under one roof," said Stephen J. Gatto, Chairman and Chief Executive Officer. "Lake Providence represents a significant shift towards the manufacture of literally hundreds of new biobased products from renewable feedstocks. We are privileged to be working with such an extraordinary partner as the Port of Lake Providence and look forward to making a major economic contribution to the region."
BioEnergy International, LLC, headquartered in Norwell, Massachusetts, is a privately held, biotechnology company focused on developing biorefineries and proprietary technologies to produce specialty chemicals and renewable fuels from both traditional feedstocks and cellulose. BioEnergy currently has two 108 million gallon per year ethanol plants under development which, over time, will utilize its proprietary technologies to produce high value specialty chemicals and renewable fuels.
Delta-T Corporation, headquartered in Williamsburg, VA is a privately held, design-build firm that provides alcohol plants, systems, and services to the fuel, beverage, industrial and pharmaceutical markets.
Source: BioEnergy International, LLC
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