Alberta Premier welcomes biodiesel refinery.

BioStreet Canada will be constructing their 175 million litre per year biodiesel crusher and refinery in Vegreville, AB--right in the backyard of Premier Ed Stelmach's riding. He congratulated the company on their choice of location.

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"Alberta's rural economy is benefiting from the increased demand in biofuels, helping to diversify from one largely dependent on oil and gas." The Premier and local dignitaries welcomed BioStreet during an announcement reception held in the auditorium of the Vegreville Centennial Library on June l, 2007.

Construction is slated to begin in late 2007 and scheduled for completion in late 2009. Once commissioned, the plant will provide over 50 full-time employment opportunities and create a new market for 375,000 to 400,000 tonnes of canola per year. Angela Reid, BioStreet's vice-president of public and government relations, said, "Our team is excited to be a part of the rapidly emerging renewable energy economy in Canada, and we look forward to working with the town, the county, the province, the federal government, and canola producers as suppliers and equity investors, to enhance the agriculture industry and make a significant contribution to national renewable fuel targets and Alberta's Nine Point Bio-Energy Plan."

BioStreet Canada