Canadian Bioenergy and ADM Enter Into Negotiations to Build Canola Biodiesel Facility

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Tue Apr 7, 2009 9:00am EDT 

  VANCOUVER, BRITISH COLUMBIA, Apr 07 (MARKET WIRE) -- 
Canadian Bioenergy Corporation, a leading supplier of premium biodiesel
in Canada, and Archer Daniels Midland Company (ADM), a global leader in
agricultural processing and biofuel production, have entered into
negotiations to form a joint venture to construct and operate a 265
million litre/year (70 million gallon/year) canola-based biodiesel
production facility at the site of ADM's canola crushing plant in
Lloydminster, Alberta. The companies are in the process of undertaking a
full feasibility analysis of the project.

    About Canadian Bioenergy Corporation

    Canadian Bioenergy is Canada's leading supplier of premium biodiesel, and
the country's only BQ-9000 Certified Marketer. The company operates a
terminal facility in British Columbia and has service to customers across
the country. Canadian Bioenergy's rapidly growing customer base includes
major fuel distributors, high-volume commercial customers and transit
organizations. For more information about Canadian Bioenergy, visit
www.canadianbioenergy.com.

Contacts:
Canadian Bioenergy Corporation
Rodger Seccombe
(604) 960-0354 x31
(604) 960-0356 (FAX)
Website: www.canadianbioenergy.com

Copyright 2009, Market Wire, All rights reserved.

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