Advanced Biofuels Canada applauds government for new funding to support biofuels in Alberta and expand the province’s lower carbon economy.VANCOUVER, BRITISH COLUMBIA, CANADA, December 5, 2017 /EINPresswire.com/ -- The government of Alberta announced today new initiatives to strengthen the biofuels sector in Alberta.
The province has provided $62 million in funding to the extend the Bioenergy Producer Program to March 31, 2020. Under the program, a range of biofuels including advanced biofuels such as biodiesel, waste-derived ethanol, renewable hydrocarbon diesel and biocrude will be eligible for production credits in the period.
Alberta’s existing energy assets and infrastructure, together with abundant natural resources (crops and residues, livestock rendering, forest fibre, municipal solid waste (MSW)) and supportive climate action and energy policies, have attracted significant investment in Alberta’s biofuels sector over the past decade. As a result, Alberta is now Canada’s leading producer of advanced low carbon biofuels.
“Today’s announcement demonstrates that Alberta remains committed to leading the transition to lower carbon fuels,” says Ian Thomson, President of Advanced Biofuels Canada. “Alberta hosts the first commercial scale waste to ethanol facility, and Canada’s largest and third largest biodiesel plants. Alberta-based companies are also pioneering new advanced biofuels technologies to meet the growing global demand for clean renewable transportation fuels. The Bioenergy Producer Program will attract new investments, reduce greenhouse gas emissions, and strengthen Alberta’s rural and resource-based communities.” Advanced Biofuels Canada will continue to work with the province on its Climate Leadership Plan policies to create a competitive, sustainable market for the production and use of advanced biofuels in Alberta.
Advanced Biofuels Canada/ Biocarburants avancés Canada promotes the production and use of low carbon advanced biofuels in Canada, which our members supply across North America and globally. These companies have invested in biofuels processing and supply chain operations across Canada, and are actively bringing to market the next generation of low carbon biofuels. Our organization has a decade of leadership in policy and program design for biofuel demand and sustainable production conditions for our domestic biofuels industry. For information on Advanced Biofuels Canada and our members, please visit: www.advancedbiofuels.ca.
Advanced biofuels reduce carbon emissions at least 50% below the fossil fuels they displace, and are made from sustainable biomass. Canada has approximately 750 million litres of advanced biofuel production capacity, and fuels produced in Canada are used across North America and Europe.
Bioenergy Producer Credit Program information is available on the Alberta Environment and Parks website, http://aep.alberta.ca/climate-change/programs-and-services/bioenergy-producer-program.aspx
For more information:
Ian Thomson, President, Advanced Biofuels Canada
+1 778 233 3889 email@example.com www.advancedbiofuels.ca
Advanced Biofuels Canada
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