Finance and Investment to Commercial Scale in the Biomass Sector

Finance and Investment
17 Jun 2016
Prince George Civic Centre

Finance and Investment to Commercial Scale in the Biomass Sector

Finance and Investment to Commercial Scale in the Biomass Sector

One of the biggest challenges in any industry is making the leap from demonstration to commercial scale. This session will bring together panelists who have the scars and successes to show for long histories developing bioproducts facilities to commercial scale.

  • John May, Managing Director – Stern Brothers & Co.

John is Head of the firm’s Renewable Energy Practice, which he founded in 2003.  He is a seasoned project finance investment banker who has financed over $11 billion in loan and par values for over 100 clients in his 25-year banking career. In the past ten years, he has become one of the top renewable energy bankers in the country, having developed a national practice in renewable energy finance focusing on biofuels, biomass, biochemical and bio-products. He is credited with having pioneered the use of bonds as a form of project finance debt in the renewables market.  He is financial advisor to numerous renewable companies and has placed senior and subordinated debt financing for new projects, expansions and acquisitions. He currently represents approximately 30 biofuels, biomass and biochemical and biorefinery technology, development and feedstock companies worldwide. John has been involved in financing renewable projects in ten states in the U.S., and is currently at work on financings for clients seeking to develop projects offshore in Canada, Latin America and the EU.

  • Jeff Passmore, Principal – Passmore Group

Jeff Passmore has worked in the renewable energy, renewable chemicals, and bio-economy sectors for more than 30 years, both as a consultant, and, for 12 years, as Executive Vice President of Iogen Corporation where he directed the firm’s new market development, project site selection screening, communications, and government liaison operations in Canada, the USA and Europe. Passmore’s expertise includes strategic investor relations, project capital attraction – including government non-dilutive subordinated loans and patient debt, site location assessment – including feedstock availability and price, and corporate communications.

Passmore has served on the CleanTech Advisory Board of the Department of Foreign Affairs and International Trade Canada, and on Canada’s National Advisory Board on Energy Science & Technology. He is the Past Chair of the Canadian Renewable Fuels Association, Past Chair of the Canadian Wind Energy Association, Past Chair of the Solar Energy Society of Canada, Past Vice- Chair of the Independent Power Producers’ Society of Ontario, and Past President of the Ottawa Chapter of the International Association for Energy Economics