TORONTO--(BUSINESS WIRE)--Jan. 18, 2007--SunOpta Inc.
(NASDAQ:STKL) (TSX:SOY) today provided an update on the four
cellulosic ethanol projects which are or will be operational using
SunOpta's patented technology and equipment to produce ethanol from
cellulosic biomass including woodchips, corn stover, sugar cane
bagasse, and wheat straw.
China Resources Alcohol Corporation (CRAC)
CRAC has announced their intention to construct sufficient
cellulosic ethanol facilities to generate 330 million gallons of
ethanol by 2012. SunOpta provided its patented systems and technology
to CRAC in September 2006 and the plant began production of ethanol
from local corn stover in October 2006. This facility is reported to
be the first cellulosic ethanol production facility operational in the
People's Republic of China. The SunOpta system is currently operating
on a continuous basis and steps are currently being taken to scale the
SunOpta process up to full commercial levels for use in future plants
in China.
China has committed $5 billion to cellulosic ethanol production
and recently announced that they would allow no further increase in
ethanol production from starch (corn), due to the needs for starch as
food. China's announcement illustrates the "Food vs. Fuel" issue,
which continues to be a key driver for cellulosic ethanol worldwide,
together with concerns regarding the impact of the world's "addiction
to oil" on the environment and energy security.
Abengoa Bioenergy R&D Inc. (Abengoa)
Key components of SunOpta's patented equipment and technology have
recently been shipped to Spain for the start up of the Abengoa wheat
straw to ethanol facility located in Salamanca, Spain. This project is
expected to start up in the summer of 2007 and will be the first
commercial production facility in the world producing cellulosic
ethanol from wheat straw. Abengoa is the largest producer of ethanol
in Europe.
Celunol Inc. (Celunol)
SunOpta's patented equipment and technology will be used in a new
Celunol facility being built in Jennings, Louisiana, to produce
ethanol from sugarcane bagasse and wood. This will be the first
commercial production of cellulosic ethanol plant in the United States
and is scheduled to start up in the summer of 2007.
GreenField Ethanol Inc. (GreenField)
SunOpta has recently announced the formation of a Joint Venture
with GreenField Ethanol Inc., Canada's largest producer of ethanol.
The purpose of this Joint Venture is to design, build and jointly own
and operate plants producing ethanol from wood chips. The first plant
is planned to produce 10 million gallons of ethanol per year, which
achieves the widely-accepted threshold for commercial scale cellulosic
ethanol production and will demonstrate the immediate commercial
viability of cellulosic ethanol.
About SunOpta Inc.
SunOpta Inc. is an operator of high-growth ethical businesses,
focusing on integrated business models in the natural and organic
food, supplements and health and beauty markets. The Company has three
business units: the SunOpta Food Group, which specializes in sourcing,
processing and distribution of natural and organic food products
integrated from seed through packaged products; the Opta Minerals
Group, a producer, distributor, and recycler of environmentally
friendly industrial materials; and the SunOpta BioProcess Group (soon
to become SunOpta BioProcess Inc.) which engineers and markets
proprietary steam explosion technology systems for the pulp, bio-fuel
and food processing industries. Each of these business units has
proprietary products and services that give it a solid competitive
advantage in its sector.
Forward-Looking Statements
Certain statements included in this press release may constitute
"forward-looking statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to references
to business strategies, competitive strengths, goals, capital
expenditure plans, business and operational growth plans and
references to the future growth of the business. These forward looking
statements are based on certain assumptions and analyses made by the
Company in light of its experience and its interpretation of current
conditions, historical trends and expected future developments as well
as other factors that the Company believes are appropriate in the
circumstance. However, whether actual results and developments will
agree with expectations and predications of the Company is subject to
many risks and uncertainties including, but not limited to; general
economic, business or market risk conditions; competitive actions by
other companies; changes in laws or regulations or policies of local
governments, provinces and states as well as the governments of United
States and Canada, many of which are beyond the control of the
Company. Consequently all forward-looking statements made herein are
qualified by these cautionary statements and there can be no assurance
that the actual results or developments anticipated by the Company
will be realized.
For further information, please contact:
SunOpta Inc. Investment Community Inquiries:
Jeremy N. Kendall, Chairman & CEO Lytham Partners, LLC
Steve Bromley, President & COO Joe Diaz
John Dietrich, Vice President & CFO Robert Blum
Susan Wiekenkamp, Information Officer Joe Dorame
Tel: 905-455-2528, ext 103 Tel: 602-889-9700
susan.wiekenkamp@sunopta.com diaz@lythampartners.com
Website: www.sunopta.com
CONTACT: SunOpta Inc.
Jeremy N. Kendall, Chairman & CEO
Steve Bromley, President & COO
John Dietrich, Vice President & CFO
Susan Wiekenkamp, Information Officer
Tel: 905-455-2528, ext 103
susan.wiekenkamp@sunopta.com
Website: www.sunopta.com
or
Investment Community Inquiries
Lytham Partners, LLC
Joe Diaz, Robert Blum, Joe Dorame
Tel: 602-889-9700
diaz@lythampartners.com
SOURCE: SunOpta Inc.
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