September 21, 2010
Otoka is a biomass-to-energy corporation, based out of Minnesota, focused on delivering next generation advanced biofuels. The company has committed to starting construction on a 25 megawatt power plant near Drayton Valley, Alberta. Forestry residue will be used in the power plant that is expected to be operational by 2012. Further upgrades will be made allowing the forest residue to be converted into syngas and liquid biofuel. Additionally, Otoka is part of Drayton Valley’s Bio-Mile where one industries by-product becomes another industries feedstock. The goal of Bio-Mile is to change the way we use our natural resources – to obtain the greatest value and let nothing go to waste.
Michael J. Muston – President & Chief Executive Officer
Michael Muston has over 25 years of executive and management experience in the agricultural, energy and biotech industries. From 2006 to 2007, Mike was an Executive Vice President and Board Member for POET Energy. Mike was responsible for negotiating strategic agreements and successfully obtained $100 million in grants from the U.S. Department of Energy and the State of Iowa. He is now the President and CEO of Otoka Energy.
There are lots of ways to get involved!
If you are looking to help out with this event, a list of Volunteer Opportunities can be found here. Any time you can spare is appreciated!
Contact Erich, moc.liamg|nesrednahcire#moc.liamg|nesrednahcire, if you have any questions