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2054 – Escaping a Climate Disaster

URL: http://www.tallahassee.com/apps/pbcs.dll/article?AID=/20061126/OPINION05/611260305/1006/OPINION Website: http://www.tallahassee.com/apps/pbcs.dll/article?AID=/20061126/OPINION05/611260305/1006/OPINION     

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Oakhurst Dairy Switches Trucks to Biodiesel

Oakhurst Dairy, a family-owned, independent dairy company operating for 85 years, announced it will have transitioned 130 delivery trucks, or more than 90% of its fleet, to biodiesel fuel by the end of 2006. The switch makes the Oakhurst fleet the largest private biodiesel fleet in New England. The company made the switch as part of its commitment to Maine’s Carbon Challenge, a first-in-the-nation voluntary carbon dioxide emissions reduction program initiated in 2004. Oakhurst was one of the first corporations in Maine to sign on, committing to cut direct emissions by 15% and indirect emissions by 5% below year 2000 levels. Oakhurst also cited the 8 cent per gallon reduction in the excise tax for motor fuel that contains at least 2% biodiesel, a provision of Governor Baldacci’s energy bill last session, as a reason for the switch to biodiesel. “Maine is supporting sound environmental policies with good tax policies, and this is helping speed the transition to cleaner renewable fuels,” said Stan Bennett, CEO. The B20 biodiesel that Oakhurst will use most of the year consists of 20% biodiesel and 80% petroleum diesel, which is a blend that has demonstrated significant environmental benefits with no modifications to a diesel […]

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SunOpta: Equity Financing for BioProcess Group

SunOpta Inc. (NASDAQ:STKL; TSX:SOY) announced it is exploring whether to raise US$30 million in a private equity placement for a minority position in the SunOpta BioProcess Group. SunOpta is seeing increased interest in its BioProcess technology, which the company believes makes the production of cellulosic ethanol commercially possible. The proceeds would be used to invest in cellulosic ethanol production. The decision to proceed with the equity financing depends on the valuation, satisfactory due diligence and the transfer of the BioProcess Group into a wholly-owned subsidiary of SunOpta. Website: http://www.sunopta.com     

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