• "...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

Woodland Equity Investment

Woodland Biofuels Announces Equity Investment as Part of $12 Million Demonstration Plant Financing

Mississauga, ON, January 11, 2011 - Woodland Biofuels announced today the closing of a common equity investment in Woodland to help build a groundbreaking demonstration plant that will efficiently produce cellulosic ethanol from renewable wastes.

The common equity investment is part of a $12 million demonstration plant financing. Investors include the Ontario Emerging Technologies Fund (OETF), Investeco Capital, and David LeGresley, former Vice-Chairman of National Bank Financial. OETF is a $250 million fund established by the Province of Ontario to co-invest alongside qualified investors in innovative, high-growth, private Ontario companies. Investeco Capital is a private equity firm focussed primarily on high-growth companies with lasting competitive advantages.

The demonstration plant will use Woodland's patented technology, which can produce sustainable fuels from virtually any type of biomass, including wood waste, agricultural waste and municipal waste. The technology generates no toxic emissions and eliminates the need to use food, such as corn, to produce ethanol.

"We are excited to be part of this important step towards the commercialization of Woodland's process," said Andrew Heintzman, President of Investeco Capital. "The potential of the opportunity is truly enormous, and we believe the Woodland team has the skills and ability to execute."

"We expect this demonstration plant to show that Woodland will be the lowest cost producer of automotive fuel in North America," said Greg Nuttall, President and CEO of Woodland. "This financing further validates Woodland's technology and business, moving us another step closer to leadership in the biofuels market."

The plant will be located at the Bioindustrial Innovation Centre, in the University of Western Ontario's Sarnia-Lambton Research Park.

About Woodland
Woodland is a global leader in the move to sustainable, renewable, clean fuel. Woodland's technology eliminates the use of food to make ethanol by converting any kind of biomass (wood waste, crop waste, and more) into ethanol or other high value products.

Greg Nuttall, President & CEO
Woodland Biofuels Inc.
t. 905.670.5502, ext. 404