EFT signs master license agreement with Highbury Energy Inc for biomass-to-fuel project with First Site License for the

Press Release

Emerging Fuels Technology has licensed its Fischer-Tropsch technology to Highbury Energy Inc. for a project in Fort Frances, Ontario, supported by Wanagekong-Biiwega’iganan Clean Energy Corporation and Treaty 3 First Nations, to produce 20 million liters of low-carbon fuels annually from wood waste.

TULSA, Okla., Jan. 28, 2025 Emerging Fuels Technology (EFT), a leader in Fischer-Tropsch (FT) synthesis and renewable fuel innovation and technology, has signed a Master License Agreement with Highbury Energy Inc. and a Site License with Wanagekong-Biiwega’iganan Clean Energy Corporation (WBCE Corp) — an Indigenous majority-owned and Indigenous-led joint venture with Highbury — aiming to produce renewable fuels from wood waste biomass feedstocks.

Coupled with Highbury’s advanced gasification technology, WBCE Corp will deploy EFT’s proven Fischer-Tropsch technology at its first biorefinery in Fort Frances, Ontario. The facility will process wood waste from local mills and produce 20 million liters of low-carbon renewable fuels, including low-carbon intensity renewable diesel and Sustainable Aviation Fuel (SAF).

Leading the joint venture with Highbury are 10 proactive and forward-thinking Treaty 3 Fort Frances Ontario area First Nations, further underscoring the project’s commitment to Indigenous leadership and environmental stewardship.

WBCE Corp President and Mitaanjigamiing First Nation Chief Janice Henderson noted, “Transportation companies, railways, airlines, and heavy truck operators are increasingly seeking low-carbon fuel sources to meet stricter emissions regulations, and this demand can benefit WBCE Corp. and the First Nation communities.

“It is a chance for First Nations to do something good for our forests, it’s our chance to do something good for the environment, and it’s our chance to be rewarded for doing good things,” said WBCE Corp. board member Chief Wayne Smith of the Naicatchewenin First Nation. “I see ‘our time’ as the time of an energy revolution — when we turn away from fuels that damage the environment and put life at risk and adopt fuels that are better for all living things.”

Project Milestones:

● Process Design Package (PDP): Underway, with completion expected in early 2025.

● Front-End Engineering Design (FEED): Following and leading to a Financial Investment Decision (FID) by mid 2025.

● Federal Government Support: Natural Resources Canada is funding the bulk of the FEED study, highlighting its commitment to renewable energy innovation.

About Emerging Fuels Technology (EFT):

Emerging Fuels Technology (EFT) develops and implements advanced technologies for producing synthetic, renewable, and sustainable fuels and chemicals. Collaborating with syngas technology providers, EFT converts diverse feedstocks — including biogas, biomass, and CO₂ from industrial and biogenic sources, direct air capture, and seawater capture — into customized solutions. EFT licenses its Fischer-Tropsch (FT) synthesis and upgrading technologies to third parties, offering engineering and laboratory support such as process design, simulation, catalyst testing, sample production, training, and more.

For more information, please visit www.emergingfuels.com.

About Highbury Energy Inc.:

Highbury Energy Inc. is a renewable energy company that produces negative carbon intensity fuels from waste biomass. Developed at the University of British Columbia, Highbury’s patented dual-fluidized-bed steam gasification technology has been proven effective through six years of pilot testing at the UBC campus. Backed by 14 years of R&D, lab and pilot plant development, testing, and operations, and a robust IP portfolio — including three patents and 19 proprietary white papers — Highbury’s technology converts diverse biomass feedstocks into a high-grade, medium BTU renewable fuel gas without requiring supplemental oxygen.

For more information, please visit www.highburyenergy.com.

Media Contact

Mark Agee, Emerging Fuels Technology, Inc., 1 9186055456, magee@emergingfuels.com, www.emergingfuels.com

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