CORE BioFuel Inc. Enters into Biogasoline Purchase and Distribution Agreement with Elbow River Marketing LP

CORE BioFuel Inc., a Canadian biofuel company that is commercializing its MKS Gasoline Synthesis Process to convert biomass to gasoline (earlier post), has entered into an agreement with Elbow River Marketing Limited Partnership for the purchase and distribution of 100% of the biogasoline produced by the CORE BioFuel wood to gasoline production facility to be built in Houston, British Columbia.

he ZFI Gasoline produced by the MKS Process will be a 92 octane, carbon-neutral alternative to conventional gasoline produced from petroleum sources.

Given our participation in the biofuels industry over the past 7 years, the addition of a ‘green’ biomass gasoline marketing component to our current list of products is a natural extension for our company and one we are excited to be part of. We believe CORE’s activities to be particularly timely given the focus on GHG emissions and alternative fuels in North America and across the globe.

—Ed Malcolm, the President of Elbow River Marketing

Elbow River Marketing was established nearly 30 years ago and has since grown to become a wholesaler of butane, propane, olefins, natural gasoline, asphalt, propylene, ethanol, fuel oils and gas oils throughout all of North America. In Fiscal Year 2009 Elbow River marketed in excess of 6,000 railcars. Elbow River has 22 full time employees and operates as a wholly-owned subsidiary of Avenir Diversified Income Trust.

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