BDO Zone Designation

CORONACH, SASKATCHEWAN ISSUED ‘A’ RATED BDO ZONE FOR FLAX STRAW

– ‘A’ RATING FOR LOCAL FLAX STRAW TO AID IN COAL TRANSITION AND EXPECTED TO DRIVE NEW BIOBASED MARKET DEVELOPMENT–

What is a BDO Zone?

The BDO Zone Initiative is a certification and regional risk rating program that enables economic development agencies and communities to effectively and credibly disclose feedstock-related risks and promote biobased development opportunities to developers and investors around the world.

The BDO Zone ratings identify the regions that are best positioned for low-risk bioeconomy project development.

Applicants for BDO Zone ratings undergo a rigorous and extensive due diligence process to rate supply chain risk using a framework of over 100 standardized, transparent, and validated risk indicators based on the BSCR Standards for biobased investment.

Like credit ratings, BDO Zone Ratings typically range from “AA” to “BBB”. Unlike credit ratings, however, a BDO Zone Rating scores risks related to three key attributes that are crucial for biobased project development: 1) surplus of biomass, 2) low-risk supply chains, and 3) suitable infrastructure to support an operating plant.

How does it help Coronach?

“As we navigate through these uncertain times with coal transition, we are exploring all possibilities to diversify and sustain our economy, and the BDO Zone Initiative allowed us to explore the possibility of flax biomass. We want to make it easy and attractive to new businesses to invest in our area and through this process, we have done the due diligence for investors to provide them with third-party information and confidence to invest in Coronach” says Kelsey Manske, Coronach Community Development Officer.

Project was funded by the Town of Coronach, RM of Hart Butte No 11, and South Saskatchewan Ready Regional Economic Partnership.

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