• "...the bulk of new biofuel production needs to come from advanced biofuels (algae, cellulosic)."

    The International Energy Association
    April 2011
  • "The Saudi assistant petroleum minister had expressed concern that Saudis could be "greened out" of the U.S. fuel market by biofuels like ethanol."

    James Smith
    U.S. Ambassador to Saudi Arabia, 2010.
  • "...this legislation would also ensure progress made to commercialize advanced ethanol technologies utilizing new feedstocks... is accelerated."

    The American Coalition for Ethanol, Growth Energy, the National Corn Growers Association, and the Renewable Fuels Association
    May 2011
  • "...what would happen to US gasoline prices if ethanol production came to an immediate halt. Under a very wide range of parameters, the estimated gasoline price increase would be of historic proportions, ranging from 41% to 92%."

    Center for Agricultural and Rural Development Iowa State University
    April 2011
  • "Another substitute for oil that holds tremendous promise is renewable biofuels...made from things like switchgrass, wood chips, and biomass."

    President Obama
    March 2011
  • "I'm a big supporter of biofuels. But one of the things that's become clear is, is that we need to accelerate our basic research in ethanol and other biofuels that are made from things like woodchips..."

    President Obama
    July 2011

Investeco announces investment in Woodland's Next Generation Cellulosic Ethanol Technology

Press Release: March 25, 2008

Investeco Private Equity Fund II, first institutional investor in Woodland Biofuels Inc.

Toronto, ON, March 25, 2008 - 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 and steam.

"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 superior."

"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 Nuttall, President, Woodland. "Investeco's recognized expertise in environmental investing will assist us as we seek other investors and partners in the future".

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 more information, please contact:

Andrew Heintzman

Investeco Capital Corporation

416-304-1750, ext. 398
Greg Nuttall
President & CEO

Woodland Biofuels Inc.

905-670-5502 ext.404