Issue Date: May 7, 2012
Canadian Ethanol Companies Stumble
Iogen Energy, a cellulosic ethanol joint venture between Iogen and Shell, is pulling back on its commercialization program. Since 2004, Iogen Energy has operated a demonstration plant in Ottawa, Ontario, that breaks down biomass using enzymes and then ferments the resultant sugars into ethanol. But the company has dropped plans to build a larger plant in Manitoba. With the end of the program, it will lay off 150 employees. Separately, Enerkem, a Quebec-based firm that gasifies municipal solid waste into ethanol, has canceled its initial public stock offering, citing market conditions. The company first filed its prospectus for the $160 million offering in February 2011.
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