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BIOX Corporation (BX.TO), a renewable energy company that designs, builds, owns and operates biodiesel production facilities, today announced preliminary results for its 2010 third quarter due to the impact of certain ongoing regulatory matters and provided an update on the biodiesel regulatory environment.

The stock gained 17 cents, or 12.8%, to $1.50 on Friday.

Q3 Highlights included;

- BIOX's Q3 2010 results will reflect the impact of the expiry of the U.S. federal excise tax incentive on December 31, 2009 and the further delay and possibility that the biodiesel tax incentive may not bE reinstated.

- On July 1, 2010 the expanded U.S Renewable Fuels Standard (RFS2)

commenced on schedule establishing a minimum volume requirement of 800 million U.S. gallons of Biomass-Based Diesel for 2011, for which BIOX is registered and eligible to supply.

- BIOX received notification from Natural Resources Canada that its application under the ecoENERGY for Biofuels program for a second Hamilton production facility has progressed to a full merit-based assessment based on its advanced state of readiness.

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