Thursday, April 28, 2016

$10-million loan for corn stover ethanol plant


 
The Business Development Bank of Canada is lending $10 million to a plant at Sarnia that intends to produce ethanol from corn stover.

Mario Saucier, spokesman for  BioAmber, said the loan will increase working capital.

It is a joint venture business with Mitsui of Canada.

The Business Development Bank of Canada is owned by the federal government.