BioExx Minot Facility Passes Key Environmental Assessment
08 Dicembre 2009 - 1:01PM
Marketwired
Bio-Extraction Inc. (TSX VENTURE: BXI) ("BioExx" or "the Company")
is pleased to announce that it has received formal notice from the
North Dakota Department of Health, Air Quality Division (the
"NDAQD"), that it has completed its environmental review of the
proposed BioExx canola processing facility to be located in Minot,
North Dakota. Based on the design parameters of the facility, which
includes the full capacity required to produce Protein Isolates,
and the resulting effluents expected, NDAQD has determined that
"the facility will not be classified as a major source under any
applicable air pollution rules or regulations." Accordingly, BioExx
may now proceed with applications for the standard, and ordinary
course construction and operating permits.
BioExx was seeking this confirmation prior to advancing many of
the engineering based development initiatives and with this
confirmation in hand, will now start to increase its activities
rather significantly. These activities will be primarily undertaken
by personnel not directly involved in the completion of the
Saskatoon facility so that no devaluation of effort occurs on that
project. This will also trigger the advancement of several
commercial development initiatives to support the project and to
prepare it for financing and physical commencement in the second
quarter of 2010 as previously disclosed.
"Successfully getting through the critical Environmental
Assessment process is an important milestone to achieve for every
new project that BioExx undertakes and signals that we are now
entering the final development stages of the project. BioExx is
very excited about moving the Minot project forward and to
commencing construction as soon as possible, once the Saskatoon
facility is fully operational," said BioExx CEO, Chris Carl.
Other News
BioExx is pleased to report that construction activities for the
expansion of the Saskatoon facility to produce Protein Isolates are
progressing well. At present, the company has been advised by its
various suppliers that all equipment that has been ordered is on
schedule and provided that this situation continues, the project is
expected to remain on schedule, with an important interim milestone
being the commencement of commissioning of equipment in late
January 2010.
About Bio-Extraction Inc.
Headquartered in Toronto, Canada, BioExx is a leading technology
and industrial processing company focused on the extraction of oil
and high-value proteins from oilseeds for the global food,
beverage, and nutrition markets. BioExx's patented technology
allows for the use of significantly lower temperatures than
conventional methods in extracting the active ingredients and oils
from oilseeds, resulting in higher yields and higher-quality meal,
oils and proteins. BioExx's low energy requirements,
environmentally sound process, and high-yield production have the
potential to make a valuable contribution to global food and
protein supply. BioExx operates a commercial scale extraction
facility in Saskatoon, Saskatchewan, is in development stages on it
second plant in Minot, North Dakota and has a mission to construct
additional and larger processing facilities on a global basis. To
find out more about Bio-Extraction Inc. (TSX VENTURE: BXI), please
visit www.bioexx.com
"The statements made in this press release include
forward-looking statements that involve a number of risks and
uncertainties. These statements relate to future events or future
performance and reflect management's current expectations and
assumptions. A number of factors could cause actual events,
performance or results to differ materially from the events,
performance and results discussed in the forward-looking
statements, such as the economy, generally, competition in its
target markets, the demand for BioExx's products, the availability
of funding, the efficacy of its technology, and the anticipated
costs of BioExx's plant construction and operation. These
forward-looking statements are made as of the date hereof and
BioExx does not assume any obligation to update or revise them to
reflect new events or circumstances. Actual events or results could
differ materially from BioExx's expectations and projections."
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Bio-Extraction Inc.: Chris Schnarr Chief Financial
Officer (416) 588-4442 x111 cschnarr@bioexx.com www.bioexx.com
Investor Relations: Brisco Capital Partners Scott Koyich, President
(403) 262-9888 scott@briscocapital.com
Grafico Azioni Bioexx Specialty Proteins Ltd Com Npv (TSXV:BXI)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Bioexx Specialty Proteins Ltd Com Npv (TSXV:BXI)
Storico
Da Giu 2023 a Giu 2024