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Expander Energy and IMG Industries form partnership to create Expander Technologies Inc.

CALGARY — Expander Energy Inc. and IMG Industries have formed a partnership to establish Expander Technologies Inc., a clean technology company based in Penticton, B.C.

Expander Technologies Inc. (ETI) will manufacture Expander Energy’s biomass gasifiers under license. These gasifiers have a design that produces clean, tar-free synthesis gas from various cellulosic feedstocks such as forestry waste, agricultural waste, urban wood-waste, and municipal solid waste. When combined with Expander’s Enhanced Biomass to Liquids (EBTL) process, the syn-gas will be used to produce low carbon intensity renewable fuel. The gasifier technology has a proven track record in Europe for producing green power from woody biomass feedstock, demonstrating exceptional operating efficiencies.

The initial project for Expander Technologies will involve constructing a gasifier for Expander Energy’s recently announced Expander Bio-SynDiesel® Project in Carseland, Alberta. This project will produce 8 million liters/year of renewable Bio-Synthetic Diesel fuel, with an estimated Carbon Intensity (CI) of 32.5 gCO2e/MJ. Production is expected to begin in mid-2025.

Expander Energy Inc. has enlisted Expander Technologies Inc. to manufacture the gasifier for the Carseland project. Expander Technologies Inc. is an ‘Eligible Corporation’ under the British Columbia Venture Capital Tax Credit Program allowing qualified individuals and corporations in British Columbia to benefit from a 30% provincial tax credit.

Additionally, Expander Technologies has entered into a share sale agreement with ABCT Pacific, a provincially certified Venture Capital Corporation in British Columbia. This share investment will also qualify for a 30% British Columbia tax credit for qualified individuals and corporations residing in the province.

“The establishment of Expander Technologies Inc. marks a significant milestone in Expander Energy’s commercialization process. By partnering with IMG Industries and manufacturing our patented gasifier design in British Columbia, we are well-positioned to meet the market demand for low carbon intensity and renewable fuels,” said James Ross, Expander Executive Chairman and CFO.