REG, Canadian Bioenergy Corp. form joint venture

November 20, 2007

Canadian Bioenergy Corp. and Renewable Energy Group Inc. formed a joint venture in mid-October to build a 60 MMgy canola-based biodiesel plant near Edmonton, Alberta. REG will build and design the facility, which will be adjacent to a Bunge Canada oilseed crushing plant. The biodiesel facility will be owned and operated by CBE, and it is expected to pump out biodiesel that is BQ-9000 accredited by June 2009, according to Brad Albin, REG vice president of construction and technology.

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