The biodiesel business unit created by Elbow River Marketing in 2006 has been a success during the last three years. However, due to the nature of the biodiesel business, it was determined not to be the best fit for the income trust model. “Although we liked the profits generated by the business, the international nature of the Biodiesel business and the associated risks were not a good fit for the income trust model, “ said Ed Malcolm, President of Elbow River Marketing. “Nidera represents an outstanding opportunity for the former Elbow team to take their business further than they could with Elbow River.” Malcolm said.

Nidera's existing biodiesel business is well established. The move into North America completes its global reach to match with Nidera's well established global presence in other commodities and businesses like vegetable oil processing, seed development and commodity distribution/trading. “Early in 2008, we were looking to expand into North America by joining forces with someone like Elbow River Marketing.” said Steven Verbeek of Nidera. “There was excellent chemistry between the teams on a commercial basis and that simply grew toward a natural fit to bring them together when the opportunity arose”.

The Calgary based Nidera Energy Canada and the related entity Nidera Energy US will continue to grow its biodiesel distribution footprint throughout North America through partnerships with major oil companies and independent terminals.

Nidera Handelscompagnie (NHBV) is the international arm of the Nidera Group; NHBV is a privately held company founded in 1920 in Rotterdam. The company provides services and solutions in the field of supply chain management, including commodity origination, processing and marketing, logistics, risk management and trading. Nidera is active in the agriculture and energy markets, such as grains, oilseeds, vegetable oils and meals, bio-diesel, bio-ethanol, biomass, (green) power, carbon emissions and freight. NHBV is directly present in over 20 countries across Europe, North America, the Black Sea and Former Soviet Union, Africa and Asia-Pacific. Nidera Energy Canada and Nidera Energy US are newly established companies for the purpose of developing biofuels and fuels business within North America.

Elbow River Marketing L.P. is a wholly owned subsidiary of Avenir Diversified Income Trust (AVF.UN) which trades on the Toronto Stock Exchange. Elbow River Marketing has been in business since 1982 and will continue to trade and distribute LPG’s, asphalt, and ethanol to its customer base throughout North America.