By Liz White, UT staffThree-Rivers, Canada-Hackerproof Ltd has completed its acquisition of Alcar Group Inc., a Canadian maker of alternative fuels and advanced materials. The deal is a reverse merger, with the new company being called Alcar Group. "With the merger now completed, we can concentrate all our efforts on completing our new production plant, which will enable us to produce non-petroleum based ethanol and diesel fuels as well as various non-petroleum based plastics and coating materials," said Alcar president Alexander Cavasin, in a company statement. Cavasin said when the plant is operating, it will "quickly generate sales of $250 million," with gross margins of $100 million a year. Alcar has been producing materials for polyurethanes, but in an email Cavasin told Urethanes Techology that, "several other resins will be added shortly, namely polyethylene, polycarbonate and polyester in a first phase and polypropylene and PVC."Our company is truly committed to developing and producing leading-edge technologies, which will contribute to reducing world pollution and especially green-house gas emissions," said Cavasin, in the Alcar statement. Alcar says that "a serious worldwide supply shortage of raw materials for polymers," means a shortage estimated at over 6 million tonnes in 2006. The market price for the materials in question vary between $1000 and $3000 per tonne. Alcar Group has a patented process and bioreactor which allow resin production at costs of up to 40 percent less than current methods. The production process will reach a total capacity of 120 000 tonnes annually of "economical and environmentally friendly materials for polymers," said Alcar. Alcar is presently shutting down its operation in Vercheres in Canada and moving to a new facility near Three-Rivers, Cavasin said. This will accommodate its advanced materials division, formerly producing PU coatings materials, as well as a new R&D centre, adding 45 new jobs this year. "Within the next two years we will have six new plants across North America, employing a total of 75 people and producing 120 000 tonnes per annum of various resins," Cavasin concluded. "