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Providing coverage of Alaska and northern Canada's oil and gas industry
July 2006

Vol. 11, No. 31 Week of July 30, 2006

Biofuels sector gets seed money in Canada

Canadian farmers and rural communities are getting an C$11 million injection of federal money to ensure they don’t miss out on the benefits of a growing renewable fuels market.

Agriculture Minister Chuck Strahl said the initiatives will primarily help farmers hire the expertise to develop business plans and feasibility studies on what kind of plants are possible in their region and what products they can produce.

The kick-start is part of a C$1.5 billion investment program included in the 2006-07 budget as the government delivers on a promise to mandate that gasoline and diesel contain 5 percent renewable energy by 2010.

That target translates into the need for 8 million metric tons of grain, oil seeds and biomass a year to produce 3 billion liters of renewables.

—Gary Park






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