The BC Bioenergy Network (BCBN) announced today a $200,000 equity investment in Nanaimo-based Cedar Road Bioenergy Inc. to support a second-phase expansion of the Nanaimo Bioenergy Centre.
Created as a collaborative development and demonstration centre by Cedar Road, the Regional District of Nanaimo, and BCBN to promote best practices to other small-to-medium sized municipalities, the centre is focused on reducing commercial greenhouse gases and promoting waste-to-energy and product conversion for landfills.
The investment will fund the installation of a gas storage system, which will reduce costs for the $4 million facility and pave the way for incremental expansion.
The project will create more than 111 jobs throughout the three-year construction phase.
Michael Weedon, executive director of the BCBN, said, “Based on the success of the deployment of the landfill gas-to-electricity first phase, BCBN is pleased to make a second investment in Cedar Road and the Nanaimo Bioenergy Centre.”
According to RDN chairman Joe Stanhope, “Cedar Road is an industry leader in the conversion of landfill waste to clean energy, and this $200,000 equity investment from BCBN shows a strong commitment to commercial GHG reduction.”