Sunopta Endorses Cellulosic Ethanol Initiatives in the State of the Union Address.TORONTO -- SunOpta Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :STKL) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SOY) today commended the current administration for its focus and commitment to commercial deployment of cellulosic ethanol Cellulosic ethanol is a type of biofuel produced from lignocellulose, a structural material that comprises much of the mass of plants. It is composed mainly of cellulose, hemicellulose and lignin. in the State of the Union Address “State of the Union” redirects here. For other uses, see State of the Union (disambiguation). The State of the Union is an annual address in which the President of the United States reports on the status of the country, normally to a joint session of Congress (the . The new Renewable Fuels Renewable fuels are alternative fuel sources such as ethanol, biodiesel (e.g. soy, vegetable oils, animal fats, or recycled restaurant greases) or hydrogen, in contrast to non-renewable fuels such as natural gas, LPG (propane). Standard will mandate production of 35 billion gallons of biofuel bi·o·fuel n. Fuel such as methane produced from renewable resources, especially plant biomass and treated municipal and industrial wastes. bi by 2017, a five-fold increase. In addition, the new Farm Bill will include $2 billion dollars for funding of cellulosic ethanol plants. Cellulosic ethanol is clearly a large part of the solution to America's "addiction to oil" and the policy steps and financial commitment detailed in support of cellulosic ethanol represent significant progress towards this goal. The availability of corn (starch) as an ethanol feedstock is expected to limit production of ethanol to a maximum 15 billion gallons per year, making a move to cellulosic feedstocks inevitable. To achieve 35 billion gallons per year of ethanol production by 2017, it is clear that cellulosic ethanol will be required in massive quantities in order to fill that 20 billion gallon per year gap as a large part of an overall effort towards energy security and reduction of greenhouse gases. Cellulosic ethanol addresses the moral issue of using food (corn, wheat) for fuel as numerous agricultural wastes and underutilized forest products can be utilized without impacting costs and supply within the food chain. As economist Lester Brown of the Earth Policy Institute has pointed out, ethanol plants in the U.S. are expected to consume 50% of the U.S. corn crop in 2008 and this will have a significant impact on the cost and availability of foods around the world. Mr. Brown has estimated that the corn needed to fill a 25 gallon tank with ethanol could feed a person for a year. Cellulosic ethanol also provides significant energy efficiency versus corn starch-based ethanol and produces 95% less carbon emissions than gasoline, a very important factor as the impacts of global warming global warming, the gradual increase of the temperature of the earth's lower atmosphere as a result of the increase in greenhouse gases since the Industrial Revolution. are felt around the world. SunOpta's participation in existing cellulosic ethanol projects in China, Europe and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. confirms that large-scale commercial cellulosic ethanol production is viable now and that production of upwards of 20 billion gallons of cellulosic biofuels by 2017 is an achievable goal. The SunOpta plant provided to China Resources Alcohol Corporation China Resources Alcohol Corporation (CRAC) is the second largest ethanol producer in China and the owner of the only cellulosic ethanol pilot demonstration plant in the world which operates continuously, 24-hours per day. (CRAC CRAC, n contract-relax, antagonist contract; a proprioceptive neuromuscular facilitation (PNF) technique that uses antagonist and agonist muscles to stretch and relax taut muscles. See also PNF. ) is currently producing cellulosic ethanol made from corn stover on a 24-hour a day basis, and will act as a springboard for CRAC's stated intention to produce 330 million gallons per year Million gallons per year is a measure of large-scale liquid production, consumption, or throughput. It is variously abbreviated as mgy, MGY, mmgy, MMgy, or MMGY. by 2012. Likewise, SunOpta has recently announced a joint venture with GreenField Ethanol, Canada's largest producer of ethanol. This joint venture is planning to produce 10 million gallons per year at the world's first true "commercial scale" cellulosic ethanol plant, with larger plants to follow. 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 bi·o·proc·ess n. 1. A technique that produces a biological material, such as a genetically engineered microbial strain, for commercial use. 2. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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