1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 11
2 Executive Summary 12
2.1 Global Bioethanol Market – Government Incentives and Fuel Demand to boost bioethanol market 12
2.2 Canada Bioethanol Market – Steady Growth Expected 13
2.3 Canada Biofuel Deals Market – Increase in Deal Value and Deal Volume observed 13
3 Global Biofuels Market Scenario 2001 to 2020 14
3.1 Global Bioethanol Market, Technology Definition 14
3.1.1 What is Bioethanol? 14
3.1.2 Bioethanol as Fuel 14
3.1.3 Benefits of Fuel Bioethanol 14
3.1.4 Disadvantages of Fuel Bioethanol 15
3.2 Global Bioethanol Market, Market Overview 15
3.3 Global Bioethanol Market, Key Drivers 15
3.3.1 Government support will drive global bioethanol market 15
3.3.2 Rising energy requirement 15
3.4 Global Bioethanol Market, Key Restraints & Challenges 16
3.4.1 Dependence on food crops for production 16
3.4.2 Logistical bottlenecks 16
3.4.3 Reduced efficiency as vehicle fuel 16
3.5 Global Bioethanol Market, Historical and Forecasted Production, 2001-2020 16
3.6 Global Bioethanol Market, Production by Region, 2009 18
3.7 Global Bioethanol Market, Production by Country, 2009 21
3.8 Global Bioethanol Market, Feedstock Analysis 24
4 Canada Bioethanol Market Scenario, 2001-2020 25
4.1 Overview 25
4.2 Canada Bioethanol Market, Production, Million Liters, 2001-2020 25
4.3 Canada Bioethanol Market Trends, 2001-2020 27
4.3.1 Present Hotspots 27
4.3.2 Future Hotspots 29
5 Canada Bioethanol Market, Key Bioethanol Plants 32
5.1 Canada Bioethanol Market, Key Active Bioethanol Plants, 2009 32
5.2 Canada Bioethanol Market, Key Upcoming Bioethanol Plants, 2009 33
6 Canada, Biofuel Regulatory Framework, Major Policies 34
6.1 Canada Biofuel Initiatives 34
6.1.1 Agricultural Bioproducts Innovation Program 34
6.1.2 ecoAgriculture Biofuels Capital Initiative (ecoABC) 34
6.1.3 Biofuels Opportunities for Producers Initiative 35
6.1.4 ecoENERGY for Biofuels 36
6.1.5 NextGen Biofuels Fund 38
7 Canada Biofuels Market, Deals Market Trends, 2009 39
7.1 Canada Biofuels Market, Deals Value versus Deal Volume Analysis, 2004-2009 39
7.2 Canada Biofuels Market, Major Deals, 2008-2010 40
7.2.1 W2 Energy To Acquire 60% Interest In Agri-Green Biodiesel 40
7.2.2 JJR IV Acquisition Acquires BIOX In A Reverse Takeover 41
7.2.3 Summus Capital To Acquire ReNvision Biofuels 42
7.2.4 Pasquale DiCapo Acquires 4.7% Interest In Outlook Resources 43
7.2.5 Just Energy Acquires Universal Energy 44
7.2.6 Weyburn Inland Terminal Acquires Majority Interest In NorAmera BioEnergy Corporation 45
7.2.7 SNC-Lavalin Acquires C.J. MacLellan 46
7.2.8 AlgoDyne Ethanol Acquires 55% Interest In Canadian Green Fuels 47
7.2.9 Genstar Capital Acquires Voice Construction 48
7.2.10 Performance Plants Secures $12.93 Million In Equity Financing 49
7.2.11 BIOX Completes Private Placement Of $44 Million 50
7.2.12 BIOX Announces Private Placement Of $47.5 Million 51
7.2.13 Bio-Extraction Technologies Completes Private Placement Of $13.92 Million 52
7.2.14 Outlook Resources Completes Private Placement Of $0.7 Million 54
7.2.15 Outlook Resources Completes Private Placement Of Units For $0.5 Million 55
7.2.16 Bio-Extraction Completes Private Placement Of $4 Million 56
7.2.17 Lignol Completes Private Placement For $0.8 Million 57
7.2.18 STG Markets Completes Private Placement Of $0.9 Million 58
7.2.19 Peat Resources Completes Private Placement Of $0.96 Million 59
7.2.20 Bio-Extraction Completes Private Placement Of $3.4 Million 60
7.2.21 Outlook Resources Announces Private Placement Of $6.58 Million 61
7.2.22 Ensyn Technologies Enters Into Joint Venture With Tolko Industries 63
7.2.23 DNP Green Forms Joint Venture With GreenField 64
7.2.24 Canadian Bioenergy To Enter Into Joint Venture With Archer Daniels Midland 65
7.2.25 KL Energy Enters Into Partnership With Prairie Green Renewable Energy 66
7.2.26 Raven Biofuels International Partners With Kamloops Indian Band 67
7.2.27 Lignol Partners With Weyerhaeuser 68
7.2.28 Basic Energy Partners With Nexum Energy 69
7.2.29 Mantra Venture Group And Northwind Ethanol Enter Into Partnership 70
7.2.30 NativeEnergy And Agrilab Technologies Forms Partnership 71
7.2.31 GreenField Ethanol Enters Into Partnership With Enerkem 72
7.2.32 Husky Energy Completes 3.75% Medium Term Notes Offering For $292 Million 73
7.2.33 Husky Energy Completes 5% Medium Term Notes Offering For $389.42 Million 74
7.2.34 Husky Energy Completes 7.25% Senior Unsecured Notes Offering For $750 Million 75
7.2.35 Husky Energy Completes Offering Of 5.9% Senior Unsecured Notes For $750 Million 76
7.2.36 Husky Energy Files Debt Shelf Prospectus To Raise $3,000 Million 77
7.2.37 Suncor Energy Completes Senior Unsecured Notes Offering Of $1,250 Million 78
7.2.38 Suncor Energy Completes Senior Unsecured Notes Offering Of $750 Million 79
7.2.39 Suncor Energy Completes Public Offering Of $698 Million 80
7.2.40 Union Gas Completes Public Offering Of 5.35% Medium Term Notes For $198 Million 81
7.2.41 Biox Corporation Completes $14.28 Million Debt Financing 82
7.2.42 Wireless Age Acquires 60% Interest In Plasma Gasification And Renewable Energy Proejcts 83
7.2.43 Enerkem To Invest $76 Million For Biofuels Plant In Alberta, Canada 84
7.2.44 Enerkem And Alberta Innovates To Receive $2 Million For AREF Pilot Biofuel Production Facility In Alberta, Canada 85
7.2.45 Enerkem To Receive $3 Million Grant For Edmonton Biofuels Facility In Alberta, Canada 86
7.2.46 Woodland Biofuels Receives Grant Of $4 Million For Cellulosic Ethanol Plant In Canada 87
7.2.47 ICC Receives $2 Million Grant For Biofuel Project, Canada 88
7.2.48 GreenField Ethanol Receives $76 Million Grant For Expansion Of Varennes Bioethanol Plant In Quebec, Canada 89
7.2.49 The Laval City Council To Invest $115 Million For Biofuel Plant In Laval, Canada 90
7.2.50 Government Of Canada To Invest $54 Million In Quebec Biofuel Plant, Canada 91
7.2.51 SunOpta BioProcess Receives $5 Million Grant For Biofuel Plant, Canada 92
7.2.52 Terra Grain To Receive $74 Million Grant For Ethanol Plant, Canada 93
7.2.53 Suncor Energy Secures Grant Of $102 Million For The Expansion Of St. Clair Ethanol Plant In Ontario, Canada 94
7.2.54 NorAmera BioEnergy Receives Grant Of $13 Million For Weyburn Bioethanol Plant In Saskatchewan, Canada 95
7.2.55 GreenField Ethanol To Receive Grant Of $104 Million For Johnstown Ethanol Plant, Canada 96
7.2.56 Enerkem Green Field Alberta Biofuels To Receive Grant of $17 Million For Biofuel Plant In Alberta, Canada 97
7.2.57 Kawartha Ethanol Receives Grant Of $4 million For Havelock Bioethanol Plant In Ontario, Canada 98
7.2.58 Greenfield Ethanol To Receive Grant Of $12 Million For Tiverton Ethanol Plant, Canada 99
7.2.59 Northwind Ethanol Recieves $1 Million Grant For Prince George Cellulosic Ethanol Plant, British Columbia, Canada 100
7.2.60 Four Rivers BioEnergy Acquires STT Technology And Other Assets From Kreido Biofuels 101
7.2.61 Integrated Grain Processors Co-Operative Receives Grant Of $69 Million For Aylmer Ethanol Plant, Canada 102
7.2.62 GreenField Ethanol Invests $185 Million In Johnstown Ethanol Plant, Canada 103
7.2.63 BIOX Corporation Receives Grant Of $66Million For Hamilton Biodiesel Plant In Ontario, Canada 104
7.2.64 SIL-TRI Bio Fuels Invests $4 Million In Ethanol Plant In Ontario, Canada 105
7.2.65 Sustainable Development Technology Canada To Invest $56 Million In 19 Clean Technology Projects, Canada 106
7.2.66 CR Fuels Receives $10 Million Grant For Biofuels Project, Strathmore, Alberta 107
7.2.67 Enerkem GreenField Alberta Biofuels To Receive Grant Of $29 Million For Waste To Ethanol Plant In Edmonton, Canada 108
7.2.68 Greenfield Ethanol Receives Grant Of $20 Million For Edmonton Ethanol Plant, Canada 109
7.2.69 Alberta Energy Research Institute To Invest $20 Million In Waste-to-Ethanol Facility, Canada 110
7.2.70 Iogen Receives Grant Of $80 Million For Prince Albert Bioethanol Plant In Saskatchewan, Canada 111
7.2.71 Minas Basin Pulp and Power Completes Project Financing Of $20 Million For Biodiesel Plant, Nova Scotia, Canada 112
8 Company Snapshot - Husky Energy Inc., 113
8.1 Company Overview 113
8.2 Business Description 113
8.2.1 Business Overview 113
8.3 SWOT Analysis 113
8.3.1 Overview 113
8.3.2 Husky Energy Inc. Strengths 114
8.3.3 Husky Energy Inc. Weaknesses 115
8.3.4 Husky Energy Inc. Opportunities 116
8.3.5 Husky Energy Inc. Threats 117
8.4 Competitors 118
8.5 Major Products and Services 118
8.6 Locations And Subsidiaries 120
8.6.1 Head Office 120
8.6.2 Other Locations & Subsidiaries 120
9 Company Snapshot - Suncor Energy Inc., 121
9.1 Company Overview 121
9.2 Business Description 121
9.2.1 Business Overview 121
9.3 SWOT Analysis 121
9.3.1 Overview 121
9.3.2 Suncor Energy Inc. Strengths 122
9.3.3 Suncor Energy Inc. Weaknesses 123
9.3.4 Suncor Energy Inc. Opportunities 124
9.3.5 Suncor Energy Inc. Threats 125
9.4 Competitors 126
9.5 Major Products and Services 127
9.6 Locations And Subsidiaries 128
9.6.1 Head Office 128
9.6.2 Other Locations & Subsidiaries 128
10 Company Snapshot - Lignol Energy Corporation 130
10.1 Company Overview 130
10.2 Business Description 130
10.2.1 Business Overview 130
10.3 Competitors 131
10.4 Major Products and Services 131
10.5 Locations And Subsidiaries 132
10.5.1 Head Office 132
10.5.2 Other Locations & Subsidiaries 132
11 Company Snapshot - Iogen Corporation 133
11.1 Company Overview 133
11.2 Competitors 133
11.3 Major Products and Services 133
11.4 Locations And Subsidiaries 134
11.4.1 Head Office 134
11.4.2 Other Locations & Subsidiaries 134
12 Company Snapshot - GreenField Ethanol 135
12.1 Company Overview 135
12.2 Competitors 135
12.3 Major Products and Services 135
12.4 Locations And Subsidiaries 136
12.4.1 Head Office 136
12.4.2 Other Locations & Subsidiaries 136
13 Appendix 137
13.1 Abbreviations 137
13.2 Methodology 137
13.2.1 Coverage 137
13.2.2 Secondary Research 138
13.2.3 Primary Research 138
13.2.4 Expert Panel Validation 138
13.3 Contact Us 139
13.3.1 Disclaimer 139
1.1 List of Tables
Table 1: Global Bioethanol Market, Bioethanol Feedstock 14
Table 2: Global Bioethanol Energy Market, Production, Million liters, 2001-2020 18
Table 3: Global Bioethanol Market, Production by Region*, Million Liters, 2009 21
Table 4: Global Bioethanol Market, Production by Country, Million Liters, 2009 22
Table 5: Global Bioethanol Market, Production Share by Country, %, 2009 23
Table 6: Global Bioethanol Market, Production Capacity Split by Feedstock Type, %, 2008 24
Table 7: Canada Bioethanol Production in Million Liters. 2001-2020 27
Table 8: Canada Bioethanol Market, Current Production Capacity Split by Regions, %, 2009 28
Table 9: Canada Bioethanol Market, Current Production Capacity Split by Regions, Million Liters, 2009 29
Table 10: Canada Bioethanol Market, Upcoming Production Capacity Split by Regions, %, 2010-2011 30
Table 11: Canada Bioethanol Market, Upcoming Production Capacity Split by Regions, Million Liters, 2010-2011 31
Table 12: Top 10 Active Bioethanol Plants in Canada 32
Table 13: Upcoming Bioethanol Plants in Canada 33
Table 14: Canada, ecoENERGY for Biofuels, Maximum Incentive Rate Payable (CAD per L), 2010 37
Table 15: Canada Biofuels Market, Deal Value versus Deal Volume Analysis, 2004-2009 39
Table 16: W2 Energy To Acquire 60% Interest In Agri-Green Biodiesel 40
Table 17: JJR IV Acquisition Acquires BIOX In A Reverse Takeover 41
Table 18: Summus Capital To Acquire ReNvision Biofuels 42
Table 19: Pasquale DiCapo Acquires 4.7% Interest In Outlook Resources 43
Table 20: Just Energy Acquires Universal Energy 44
Table 21: Weyburn Inland Terminal Acquires Majority Interest In NorAmera BioEnergy Corporation 45
Table 22: SNC-Lavalin Acquires C.J. MacLellan 46
Table 23: AlgoDyne Ethanol Acquires 55% Interest In Canadian Green Fuels 47
Table 24: Genstar Capital Acquires Voice Construction 48
Table 25: Performance Plants Secures $12.93 Million In Equity Financing 49
Table 26: BIOX Completes Private Placement Of $44 Million 50
Table 27: BIOX Announces Private Placement Of $47.5 Million 51
Table 28: Bio-Extraction Technologies Completes Private Placement Of $13.92 Million 52
Table 29: Outlook Resources Completes Private Placement Of $0.7 Million 54
Table 30: Outlook Resources Completes Private Placement Of Units For $0.5 Million 55
Table 31: Bio-Extraction Completes Private Placement Of $4 Million 56
Table 32: Lignol Completes Private Placement For $0.8 Million 57
Table 33: STG Markets Completes Private Placement Of $0.9 Million 58
Table 34: Peat Resources Completes Private Placement Of $0.96 Million 59
Table 35: Bio-Extraction Completes Private Placement Of $3.4 Million 60
Table 36: Outlook Resources Announces Private Placement Of $6.58 Million 61
Table 37: Ensyn Technologies Enters Into Joint Venture With Tolko Industries 63
Table 38: DNP Green Forms Joint Venture With GreenField 64
Table 39: Canadian Bioenergy To Enter Into Joint Venture With Archer Daniels Midland 65
Table 40: KL Energy Enters Into Partnership With Prairie Green Renewable Energy 66
Table 41: Raven Biofuels International Partners With Kamloops Indian Band 67
Table 42: Lignol Partners With Weyerhaeuser 68
Table 43: Basic Energy Partners With Nexum Energy 69
Table 44: Mantra Venture Group And Northwind Ethanol Enter Into Partnership 70
Table 45: NativeEnergy And Agrilab Technologies Forms Partnership 71
Table 46: GreenField Ethanol Enters Into Partnership With Enerkem 72
Table 47: Husky Energy Completes 3.75% Medium Term Notes Offering For $292 Million 73
Table 48: Husky Energy Completes 5% Medium Term Notes Offering For $389.42 Million 74
Table 49: Husky Energy Completes 7.25% Senior Unsecured Notes Offering For $750 Million 75
Table 50: Husky Energy Completes Offering Of 5.9% Senior Unsecured Notes For $750 Million 76
Table 51: Husky Energy Files Debt Shelf Prospectus To Raise $3,000 Million 77
Table 52: Suncor Energy Completes Senior Unsecured Notes Offering Of $1,250 Million 78
Table 53: Suncor Energy Completes Senior Unsecured Notes Offering Of $750 Million 79
Table 54: Suncor Energy Completes Public Offering Of $698 Million 80
Table 55: Union Gas Completes Public Offering Of 5.35% Medium Term Notes For $198 Million 81
Table 56: Biox Corporation Completes $14.28 Million Debt Financing 82
Table 57: Wireless Age Acquires 60% Interest In Plasma Gasification And Renewable Energy Proejcts 83
Table 58: Enerkem To Invest $76 Million For Biofuels Plant In Alberta, Canada 84
Table 59: Enerkem And Alberta Innovates To Receive $2 Million For AREF Pilot Biofuel Production Facility In Alberta, Canada 85
Table 60: Enerkem To Receive $3 Million Grant For Edmonton Biofuels Facility In Alberta, Canada 86
Table 61: Woodland Biofuels Receives Grant Of $4 Million For Cellulosic Ethanol Plant In Canada 87
Table 62: ICC Receives $2 Million Grant For Biofuel Project, Canada 88
Table 63: GreenField Ethanol Receives $76 Million Grant For Expansion Of Varennes Bioethanol Plant In Quebec, Canada 89
Table 64: The Laval City Council To Invest $115 Million For Biofuel Plant In Laval, Canada 90
Table 65: Government Of Canada To Invest $54 Million In Quebec Biofuel Plant, Canada 91
Table 66: SunOpta BioProcess Receives $5 Million Grant For Biofuel Plant, Canada 92
Table 67: Terra Grain To Receive $74 Million Grant For Ethanol Plant, Canada 93
Table 68: Suncor Energy Secures Grant Of $102 Million For The Expansion Of St. Clair Ethanol Plant In Ontario, Canada 94
Table 69: NorAmera BioEnergy Receives Grant Of $13 Million For Weyburn Bioethanol Plant In Saskatchewan, Canada 95
Table 70: GreenField Ethanol To Receive Grant Of $104 Million For Johnstown Ethanol Plant, Canada 96
Table 71: Enerkem Green Field Alberta Biofuels To Receive Grant of $17 Million For Biofuel Plant In Alberta, Canada 97
Table 72: Kawartha Ethanol Receives Grant Of $4 million For Havelock Bioethanol Plant In Ontario, Canada 98
Table 73: Greenfield Ethanol To Receive Grant Of $12 Million For Tiverton Ethanol Plant, Canada 99
Table 74: Northwind Ethanol Recieves $1 Million Grant For Prince George Cellulosic Ethanol Plant, British Columbia, Canada 100
Table 75: Four Rivers BioEnergy Acquires STT Technology And Other Assets From Kreido Biofuels 101
Table 76: Integrated Grain Processors Co-Operative Receives Grant Of $69 Million For Aylmer Ethanol Plant, Canada 102
Table 77: GreenField Ethanol Invests $185 Million In Johnstown Ethanol Plant, Canada 103
Table 78: BIOX Corporation Receives Grant Of $66Million For Hamilton Biodiesel Plant In Ontario, Canada 104
Table 79: SIL-TRI Bio Fuels Invests $4 Million In Ethanol Plant In Ontario, Canada 105
Table 80: Sustainable Development Technology Canada To Invest $56 Million In 19 Clean Technology Projects, Canada 106
Table 81: CR Fuels Receives $10 Million Grant For Biofuels Project, Strathmore, Alberta 107
Table 82: Enerkem GreenField Alberta Biofuels To Receive Grant Of $29 Million For Waste To Ethanol Plant In Edmonton, Canada 108
Table 83: Greenfield Ethanol Receives Grant Of $20 Million For Edmonton Ethanol Plant, Canada 109
Table 84: Alberta Energy Research Institute To Invest $20 Million In Waste-to-Ethanol Facility, Canada 110
Table 85: Iogen Receives Grant Of $80 Million For Prince Albert Bioethanol Plant In Saskatchewan, Canada 111
Table 86: Minas Basin Pulp and Power Completes Project Financing Of $20 Million For Biodiesel Plant, Nova Scotia, Canada 112
Table 87: Husky Energy Inc., SWOT Analysis 114
Table 88: Husky Energy Inc.,Major Products and Services 118
Table 89: Husky Energy Inc., Subsidiaries 120
Table 90: Suncor Energy Inc., SWOT Analysis 122
Table 91: Suncor Energy Inc., Major Products and Services 127
Table 92: Suncor Energy Inc., Other Locations 128
Table 93: Suncor Energy Inc., Subsidiaries 129
Table 94: Lignol Energy Corporation Major Products and Services 131
Table 95: Lignol Energy Corporation, Subsidiaries 132
Table 96: Iogen Corporation Major Products and Services 133
Table 97: Iogen Corporation, Other Locations 134
Table 98: GreenField Ethanol Major Products and Services 135
Table 99: GreenField Ethanol, Other Locations 136
Table 100: List of Abbreviations 137
1.2 List of Figures
Figure 1: Global Bioethanol Market, Government Incentives and Fuel Demand to boost bioethanol market 12
Figure 2: Global Bioethanol Market, Historical and Forecasted Production, Million Liters, 2001-2020 17
Figure 3: Global Bioethanol Market, Production by Region*, Million Liters, 2009 20
Figure 4: Global Bioethanol Market, Production by Country, Million Liters, 2009 22
Figure 5: Global Bioethanol Market, Production Share by Country, %, 2009 23
Figure 6: Global Bioethanol Market, Production Capacity Split by Feedstock Type, %, 2008 24
Figure 7: Canada Bioethanol Production in Million Liters, 2001-2020 26
Figure 8: Canada Bioethanol Market, Current Production Capacity Split by Regions, %, 2009 28
Figure 9: Canada Bioethanol Market, Current Production Capacity Split by Regions, Million Liters, 2009 29
Figure 10: Canada Bioethanol Market, Upcoming Production Capacity Split by Regions, %, 2010-2011 30
Figure 11: Canada Bioethanol Market, Upcoming Production Capacity Split by Regions, Million Liters, 2010-2011 31
Figure 12: Canada Biofuels Market, Deal Value versus Deal Volume Analysis, 2004-2009 39