CORE BioFuel, Osprey Capital to secure financing for gasoline plant in Canada
CORE BioFuel has entered into an exclusive agreement with Osprey Capital Partners to secure equity capital for building the wood-to-green gasoline plant in Canada.
The funding will enable CORE to establish an engineering, procurement and construction (EPC) contract with an international oil and gas engineering company to define a fixed plant cost.
The EPC contract will allow CORE to secure project debt financing and performance guarantees for the plants through insurance broker, AON Reed Stenhouse.
Furthermore, CORE is commercializing its patent-pending Green Gasoline process, that addresses the challenge of producing a drop-in gasoline from cellulosic biomass.
CORE is a Canadian company focused on energy security for the North American and European markets.
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