CORE BioFuel has selected Technip, a world renowned engineering firm in the energy industry, to complete the construction engineering of their first biorefinery. One of the many factors in choosing Technip is their established working relationship with two other CORE strategic partners – Energy Products of Idaho (now Outotec) and Air Products and Chemicals. Both firms have agreements with CORE for development of production equipment.
Technip, consistently recognized as the global leader in the syngas/hydrogen
industry, has the skills and experience perfectly positioned to be Core BioFuel’s engineering/construction partner. Hydrogen is the most widely used industrial gas in the refining, chemical and petrochemical industries. The Group has provided more than 240 hydrogen production plants worldwide and has supplied more than 250 steam reformers.
Technip is a world leader in project management, engineering
and construction for the energy industry. From the deepest Subsea oil and gas developments to the largest
and most complex Offshore and Onshore infrastructures, their 30,000 people are constantly offering the
best solutions and most innovative technologies to meet the world’s energy challenges. Present in 48
countries, Technip has state‐of‐the‐art industrial assets on all continents and operates a fleet of
specialized vessels for pipeline installation and subsea construction. Technip shares are listed on the
NYSE Euro (next Paris) exchange and the USA over‐the‐counter (OTC) market as an American Depositary
Receipt (ADR: TKPPK).
CORE’s landmark Service Agreement with
Aon Reed Stenhouse, sets a standard for innovative commercialization. Aon Reed Stenhouse Inc., an established provider of
performance guarantees for industrial processes, will provide risk mitigation through complete overlapping
insurance coverage throughout all stages of construction, commissioning and operations.
This coverage includes a process performance guarantee and is solidly based on the commercial history of each
of the suppliers of major equipment in CORE’s process. It is structured specifically to provide loss of
revenue coverage and financial security to biorefinery owners and investors.
Aon Reed Stenhouse
Inc. provides insurance brokerage services, offering risk management, property and casualty insurance –
as well as automobile insurance, retirement planning, estate, tax and succession planning; and life and
disability insurance coverage services. Aon also provides change management and claims management services.
The company was founded in 1850 and is based in Toronto, Canada with twenty-three additional offices across
the country. AON Reed Stenhouse Inc. operates as a subsidiary of Aon Corporation, based in Edmonton, Alberta.
CORE BioFuel has signed a financial advisory service
Stern Brothers & Co.,
member SIPC, an independent investment bank specializing
in customized financial solutions for both public and
Stern Brothers can provide US
government-backed project debt financing for the
construction of CORE Green Gasoline plants through the
Export/Import Bank of the United States.
Founded in 1917, Stern Brothers has a well established
national practice in the ethanol, biodiesel, coal
gasification, methane gas, biomass, solar, wind, and
waste-to-energy sectors. Stern Brothers & Co. is
committed to dedicating a team of experienced bankers to
structure innovative financings that meet each client’s
unique needs. They have raised several billion dollars
to finance client projects by acting as the managing
underwriter or private placement agent for bond and debt
offerings. Stern Brothers has offices in St. Louis,
Kansas City, Chicago, Dallas, Denver, Detroit, Seattle,
Boston, Los Angeles, Reno, Sonoma and Tampa.
CORE BioFuel has entered into an agreement with
Elbow River Marketing LP.,
for the purchase and distribution of 100% of the gasoline produced by a CORE wood-to-gasoline facility
to be built in Houston, British Columbia.
Elbow River Marketing Limited Partnership is a
wholly owned subsidiary of Avenir Energy Corp. (AVF.UN).
Avenir Energy trades on the Toronto Stock Exchange.
Elbow River is a well respected and
prominent wholesaler of propane, butane, olefins, natural gasolines, ethanol, asphalt, propylene,
fuel oils and gas oils throughout all of North America. Its market niche is shipping product via
tank car utilizing their large fleet of cars and close relationships with the railroads. In 2009
Elbow River had revenues of over $675 million.
CORE BioFuel has partnered with
Energy Products of Idaho (now Outotec)
and completed feasibility studies for the use of
EPI gasification technology in the CORE Green Gasoline
process. CORE is working with EPI to design the systems
that will be used by CORE facilities to process wood
fibre feedstock and produce a synthesis gas suitable for
final gasoline production, and provide the gasification
components for CORE plants.
founded in 1973 and is located in Coeur d'Alene, Idaho,
nestled in the mountains of the Pacific Northwest.
Originally located to be in the center of the timber
industry, the company has since broadened its technology
and market and is now a global supplier of renewable
energy systems. EPI is a world leader in proprietary and
patented technologies used to convert biomass and other
waste fuels into usable forms of energy. EPI invented,
patented, and produced the first commercial fluidized
bed combustion system to be fired on biomass fuel and
this technology has been applied to numerous industrial,
commercial and utility operations.
EPI has now
produced nearly 100 systems which utilize more than 200
different varieties of solid and liquid fuels. In
addition to pioneering biomass fluidized bed technology,
EPI continues to lead the industry and their vast
experience has lead to a stable of superior auxiliary
and related proprietary technologies
CORE BioFuel is in the process of finalizing licensing agreements with Air Products (NYSE:APD) to provide designs and specifications for the Syngas to DME reactors for CORE’s Green Gasoline facilities.
Air Products serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 employees around the globe.
The Sustainable Chemistry Alliance [SCA] was established in 2008 to promote growth and prosperity by fostering and supporting innovation, development, commercialization and related business activities and projects in the area of green and sustainable chemistry. SCA is an investor in CORE BioFuel and several members of their Board are providing CORE with insights and advice regarding industry and technology trends and events.
SCA invests in the commercialization of green, sustainable technologies that are beyond initial concept and into the piloting stage, focusing on areas where innovation in science and engineering can bring about major advances in sustainability. SCA has eight equity investments to date. Sustainable chemistry is playing an important role in the development of solutions to the impacts of climate change, peak oil, energy security, the need for safe water, and the use of scarce natural resources. The increasing global demand for green and safer products offers the opportunity to create thousands of new jobs for Canadians and SCA serves this emerging new industry.
SCA’s headquarters are in the Bioindustrial Innovation Centre at the Sarnia-Lambton Campus of the University of Western Ontario Research Park.
CORE BioFuel has partnered with Lakes Timber Health & Salvage Company (LTHS) to provide CORE with a local presence in British Columbia. LTHS will assist CORE with government relations and with building sound relationships with local communities and the First Nations.
LTHS is a Canadian company registered in British Columbia, with operations in the Lakes Timber Supply Area and the Nadina Forest District since 2005. It has extensive experience in providing timber and feedstock supply management services to the industry.