Price BIOstock and Raven Biofuels announced the signing of a strategic alliance that will help them usher in the new era of biofuel biorefinery deployments. Raven expects to build several acid hydrolysis bio-refineries over the next five years. Each biorefinery is being designed to produce an initial capacity of more than 10 million gallons per year (10 MPGY) of ethanol and high value furfural chemicals.
I work as a Marketing Consultant for Price BIOstock. This project is the product of the sales efforts of Ken Day, Price BIOstock Canada Vice President.
What I especially like about the alliance is the emphasis on the use of waste construction wood and Mountain Pine Beetle infested wood to make biofuels. From the Raven Biofuels website:
Our first project is in Washington state and uses construction wood waste for feedstock. Our second project will be in British Columbia Canada and we expect to use pine beetle infested wood for feedstock. This feedstock is readily available and unusable for other applications.
Salvaging waste wood helps mitigate the impact of its decay that would otherwise add greenhouse gas emissions to our already saturated carbon cycle.
Here is the text of their joint press release, found on the CNN Money online report.
Raven Biofuels Forges Strategic Alliance With Biomass Feedstock Experts at Price BIOstock
September 15, 2008: 07:00 AM EST
Raven Biofuels International Corporation (OTCBB: RVBF) ("Raven" or the "Company") is pleased to announce a strategic alliance with Price BIOstock Services, a division of Arkansas-headquartered The Price Companies, Inc. ("Price Companies") (www.pricebiostock.com), with the stated intent towards the development of definitive agreements on a project by project basis.
With over 40 years of operating history and $450,000,000 in fixed assets the Price Companies is one of the largest and most experienced wood processing companies in the U.S. offering 19 facilities nationwide under contract for many of the most respected manufacturing companies in America -- including International Paper, Rayonier, Weyerhaeuser, New Page, and Georgia Pacific.
Through their many association memberships and industry-wide relationships, Price recognized that the future of biofuels production will significantly exploit cellulosic biomass and has subsequently developed customized solutions for a broad range of dry biomass feedstock including wood, paper, municipal solid waste (MSW), tires, C&D (construction and demolition waste), and agricultural waste. Currently, Price operates 19 Bio-Mass (Wood Pulp Chip) state-of-the-art facilities that produce 14.6 million tons of pulp chips and 2.5 million tons of hog fuel annually. The BIOstock division offers an expanded set of services for managing biomass feedstock materials including consulting, procurement, systems design/engineering, and facilities management.
John Sams, Raven's President and Chief Operating Officer, commented, "The Price Companies are a long established and well managed organization. With the establishment of their BIOstock division they can provide innovative solutions specifically tailored to the needs of biofuels companies like Raven. Feedstock procurement and management is critical to efficiently operating our proposed refineries. Additionally, I feel that Price brings a lot to the table beyond their core offering and could ultimately accelerate Raven's growth strategy."
About Raven Biofuels International Corporation (OTCBB: RVBF)
Raven Biofuels is a developing global renewable energy company focused on producing ethanol from waste or biomass (cellulosic ethanol). Raven plans to build commercial scale refineries using a proprietary 2 stage dilute acid hydrolysis process to convert forestry and agricultural waste to transportation grade ethanol. The production of cellulosic ethanol could play a major role in national energy independence as it has in Brazil. Ethanol made from waste is a viable clean fuel that can play a part in reducing emissions that cause global warming and reducing independence on foreign oil. For more information visit: www.ravenbiofuelsinternational.com.
Bakerview Investor Relations Inc.
technorati biomass, forestry