Cellulosic Sugar Producers Co-Operative Hosts Town Hall Meetings

Cellulosic Sugar Producers Co-Operative Hosts Town Hall Meetings

on December 11 | in Ag News | by | with No Comments

The Cellulosic Sugar Producers Co-operative CSPC) is holding four town hall meetings to share the details of its business plan. Organized through the partnership of Bioindustrial Innovation Canada (BIC), CSPC, and Comet Biorefining, the town hall meetings will be held at the following locations:

Tuesday, December 13, 2016:
1. Wyoming Legion: Afternoon – 2 p.m. to 4 p.m.
2. Dresden Czech Hall: Evening – 7 p.m. to 9 p.m.

Thursday, December 15, 2016:
3. Strathroy Gemini Sportsplex: 2 p.m. to 4 p.m.
4. Warwick Fire Hall: Evening – 7 p.m. to 9 p.m.

CSPC has initiated an equity campaign to develop a corn stover and wheat straw to dextrose supply chain in Southwestern Ontario. The co-operative will engage with growers in the region to supply corn stover and wheat straw to a planned dextrose facility previously announced by Comet to be located in Sarnia, Ontario.

As part of the supply chain, CSPC members will own an equity stake in the facility, which will need 75,000 tonnes of biomass based on about 22,250 hectares (55,000 acres). Becoming a producer is open to individuals and farming corporations who can provide biomass (corn stover, wheat straw) to the cooperative and are approved member of the Co-op.

A producer will be asked to make an investment in the Co-op and to enter into an agreement committing acres of biomass. The equity will be used by the Co-op to invest into the dextrose plant. The producer will receive a payment for each tonne of biomass that they supply and patronage out of the cash flow from the dextrose plant.

For more information about the town hall meetings visit the CSPC website at www.cspcoop.com

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