Canada's Core BioFuel awards contract to project management and engineering firm Technip to build its first wood-to-gasoline biorefinery; facility expected to produce 67 million liters of renewable gasoline, more than 20 million liters of water annually

TORONTO, Canada , May 2, 2012 (press release) – CORE BioFuel Inc. announced today that it has selected Technip, a world leader in engineering, construction and project management in the energy industry, to complete the construction engineering of their first wood to gasoline biorefinery. CORE's Green Gasoline plant will produce 67 million litres of renewable gasoline and generate over 20 million litres of water annually from wood waste.

George Stanko, President of CORE BioFuel, states: "We are very excited about working with Technip to provide the next step in our commercialization process, which is to complete the engineering for our first plant. Technip, as a leader in syngas plant design, is uniquely positioned to support CORE through the critical engineering phase of commercialization. One of the critical factors in our selection of the Technip team is their established working relationship with key component suppliers such as Air Products and Chemicals and Energy Products of Idaho (now Outotec). Both firms have agreements with CORE for development of production equipment."

Technip is a world leader in project management, engineering and construction for the energy industry. From the deepest Subsea oil and gas developments to the largest and most complex Offshore and Onshore infrastructures, their 30,000 people are constantly offering the best solutions and most innovative technologies to meet the world's energy challenges. Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction. Technip shares are listed on the NYSE Euro (next Paris) exchange and the USA over-the-counter (OTC) market as an American Depositary Receipt (TKPPY.PK - News) (TKPPY.PK - News).

CORE BioFuel Inc. is commercializing its patent-pending process, a ground-breaking method to produce Green Gasoline from cellulosic biomass. The technology uses industrially proven equipment from some of the world's leading suppliers. CORE's process is efficient and provides a cost-effective solution to producing carbon neutral, benzene-free gasoline. CORE's Green Gasoline is a 94-octane, clean-burning alternative to conventional gasoline from petroleum sources. The by-products are water, electricity to run the plant and carbon dioxide suitable for commercial use. For additional information, see www.corebiofuel.com.

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