Blue Horizon building bio-refinery

The past several weeks have been busy for Don Allan — and it appears the future holds more of the same.

The past several weeks have been busy for Don Allan — and it appears the future holds more of the same.

Blue Horizon Industries Inc., of which Allan is president and CEO, announced on Monday that it has struck a deal to buy the oil and natural gas rights to 4,160 acres in Northern Alberta and Manitoba.

That news comes less than three weeks after the Red Deer-based company was created from the amalgamation of its predecessor Blue Horizon Energy Inc. with MLB Industries Inc. of Lethbridge, and five days after the new company began trading on the Canadian National Stock Exchange under the symbol CNSX:BH.

Now, Blue Horizon subsidiary Blue Horizon Bio-Diesel Inc. is poised to commence work on a state-of-the-art bio-refinery near Edmonton.

“We’re going to start construction this month,” said Allan, adding that he expects the plant to be operational by next June.

To be located at Bruderheim, the refinery will process not only bitumen but also used oil and cellulosic materials.

“It can be municipal waste, it could be wood chips, it could be newspaper — basically, as long as it’s cellulose fibre, that’s what we’re looking to mix with our oil.”

The plant will need relatively little power and water, and won’t produce a lot of greenhouse gas, said Allan.

“We’re going to be one of the greenest refineries ever built in Canada,” he continued, adding that the technology is proven.

“There are already plants working like this throughout the world, so we don’t see a lot of reason why we won’t be going commercial almost immediately.”

Ultimately, Blue Horizon plans to fabricate other similar plants on site and sell them to customers throughout the world.

In the meantime, Blue Horizon has its fingers in other ventures. Its Blue Horizon Contracting division dismantles industrial plants and related facilities; and Blue Horizon Mining Inc., in which Blue Horizon has a 74 per cent interest, is involved in two early stage mining projects in British Columbia.

Another subsidiary, Blue Horizon Energy Inc., was behind the deal to acquire the Alberta and Manitoba petroleum land rights: 3,840 acres near Rainbow Lake in Northern Alberta and 320 acres at Waskada, Man. The closing date is Oct. 13, with the $700,000 purchase price to be paid by way of Blue Horizon shares and share purchase options, and other consideration.

“We’re going to drill our first hole, and hopefully two holes, in November in Manitoba,” said Allan. “And we’re going to start evaluation immediately on the drilling potential for Rainbow Lake.”

Drilling on the latter property, he said, should be underway before spring breakup.

“Both are phenomenal pieces of land.”

Allan is optimistic these and other developments will keep investor interest in Blue Horizon shares high.

“So far, it’s gone really well. We’re very pleased with the volume that’s trading right now.”

hrichards@bprda.wpengine.com

— copyright Red Deer Advocate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Red Deer College (Contributed photo)
RDC tuitions to go up 7%

Tuition increase the maximum allowed under provincial rules

This unicorn was stolen from the small community of Delia, northeast of Drumheller on Friday and was recovered, with its bronze horn broken off, on Saturday. RCMP are looking for information on the suspects.
(Photo from RCMP)
Unicorn statue stolen from Delia recovered

Statue found with horn broken off in field about 15 km from Delia

(Advocate file photo)
Lacombe man whose manslaughter sentence was rejected by judge has new lawyer

Judge rejected proposed seven-year sentence for manslaughter in connection with 2019 homicide

Prime Minister Justin Trudeau holds a news conference at Rideau cottage in Ottawa, on Friday, March 13, 2020. THE CANADIAN PRESS/Fred Chartrand
Liberals to release federal budget with eye on managing crisis, post-pandemic growth

OTTAWA — The federal government will this afternoon unveil its spending plans… Continue reading

Patches are seen on the arm and shoulder of a corrections officer in the segregation unit at the Fraser Valley Institution for Women during a media tour, in Abbotsford, B.C., on Thursday, Oct. 26, 2017. Correctional Service Canada says three inmates at Fraser Valley Institution recently tested positive for COVID-19. THE CANADIAN PRESS/Darryl Dyck
Drumheller Institution inmate dies in custody

Inmate’s April 15 death under investigation

A vial of the Medicago vaccine sits on a surface. CARe Clinic, located in Red Deer, has been selected to participate in the third phase of vaccine study. (Photo courtesy www.medicago.com)
Red Deer clinical research centre participating in plant-based COVID-19 vaccine trial

A Red Deer research centre has been selected to participate in the… Continue reading

In this Feb. 24, 2020, photo, the Olympics rings are reflected on the window of a hotel restaurant as a server with a mask sets up a table, in the Odaiba section of Tokyo. The vaccine rollout in Japan has been very slow with less than 1% vaccinated. This of course is spilling over to concerns about the postponed Tokyo Olympics that open in just over three months.(AP Photo/Jae C. Hong, File)
Will Japanese Olympians be vaccinated ahead of the public?

TOKYO — The vaccine rollout in Japan has been very slow with… Continue reading

PSG's Kylian Mbappe, right, greets Bayern's Lucas Hernandez at the end of the Champions League, second leg, quarterfinal soccer match between Paris Saint Germain and Bayern Munich at the Parc des Princes stadium, in Paris, France, Tuesday, April 13, 2021. (AP Photo/Francois Mori)
PSG, Bayern the big names missing from Super League plan

DÜSSELDORF, Germany — The plan for the new Super League soccer competition… Continue reading

In this image released by Paramount Pictures, Marion Cotillard, left, and Brad Pitt appear in a scene from "Allied." (Daniel Smith/Paramount Pictures via AP)
Leo Carax’s ‘Annette’ to open Cannes Film Festival

Leo Carax’s “Annette,” starring Marion Cotillard and Adam Driver, will open the… Continue reading

From left, Producer Doug Mitchell, actor Chris Hemsworth and director George Miller attend at a press conference to announce the new "Mad Max" film at Fox Studios Australia in Sydney, Monday, April 19, 2021. (Mick Tsikas/AAP Image via AP)
‘Mad Max’ prequel shot in Outback to be released in 2023

SYDNEY, Australia — A prequel to the “Mad Max” movie franchise starring… Continue reading

In this Feb. 1, 2021 file photo, emissions from a coal-fired power plant are silhouetted against the setting sun in Independence, Mo. President Joe Biden faces a vexing task as he convenes a virtual climate summit on Thursday. He is expected to present a nonbinding but symbolic goal to reduce greenhouse gas emissions that will have a tangible impact not only on climate change efforts in the U.S. but throughout the world. (AP Photo/Charlie Riedel, File)
Biden pressed on emissions goal as climate summit nears

WASHINGTON — When President Joe Biden convenes a virtual climate summit on… Continue reading

Women wearing masks wait near an advertisement ahead of the Auto Shanghai 2021 show in Shanghai on Sunday, April 18, 2021. Automakers from around the world are showcasing their latest products this week in the world's biggest market for auto vehicles. (AP Photo/Ng Han Guan)
VW, Ford unveil SUVs at China auto show under virus controls

SHANGHAI — Volkswagen, Ford and Chinese brands unveiled new SUVs for China… Continue reading

Investigators from the Vancouver Police Department were in Chilliwack Saturday, collecting evidence connected to a double homicide. (file photo)
Police investigate shooting death of man outside downtown Vancouver restaurant

Vancouver police say one man was killed in what they believe was… Continue reading

Dr. E. Kwok administers a COVID-19 vaccine to a recipient at a vaccination clinic run by Vancouver Coastal Health, in Richmond, B.C., Saturday, April 10, 2021. THE CANADIAN PRESS/Jonathan Hayward
B.C. to start registering people 18 years and older for COVID-19 vaccines

VICTORIA — The British Columbia government says it’s inviting people 18 years… Continue reading

Most Read