World Energy Takes on New Partners, New Assets and New Capital to Accelerate Growth Adds Biox Corporation to Growing Portfolio of Biomass Based Diesel Assets
World Energy | March 26, 2018
Boston based advanced biofuel producer, World Energy, LLC (World Energy) announced today that it has partnered to accelerate growth with an investment group led by Halifax, Nova Scotia based CFFI Ventures (CFFI). The deal, with an aggregate value of $US 345 million, infuses into World Energy substantial fresh capital and merges into it all the shares of Hamilton, ON based biodiesel producer Biox Corporation (Biox).
The investment group, led by CFFI CEO John Risley, includes the family office of Toronto based Woodbridge Group founder Bob Beamish as well as Biox founder, Tim Haig. Risley will become World Energy’s Chairman and World Energy Founder Gene Gebolys will continue as CEO.