From Bioenergy Canada, April 2009 issue
By Online Reporter
Web exclusive posted April 23, 2009 at 8:50 a.m. EST
Last week proved a significant week for ethanol producer, GreenField Ethanol Inc. when two investments of up to $86.8 million in funding were announced for the company under the Government of Canada’s ecoENERGY for Biofuels program. The funding will be invested in maintaining the operations of its Chatham and Tiverton, Ontario, plants in order to continue to develop and produce grain-based ethanol.
GreenField’s Chatham facility will receive up to $72.8 million, which will be awarded over the course of seven years. The Chatham facility produces 100 MMly to 130 MMly of ethanol from 19 million bushels of corn, 150,000 tonnes of distillers grains, and is home to the company’s biochemical process technology research facility where it is developing cellulosic ethanol technology.
A previous $14 million was also announced for the company’s 3.5 MMly ethanol facility in Tiverton. Additional funding announcements are also expected to be made regarding the company’s two other plants in Johnstown, Ontario, and Varennes, Quebec, later this year.
“These funds will help GreenField Ethanol in our mission to utilize innovative technologies to help broaden Canadians’ fuel choices,” said Robert Gallant, president and CEO of GreenField. “This investment will also result in greater workplace opportunities for the Chatham [and Tiverton] communit[ies].”
The ecoENERGY for Biofuels program will invest a total of $1.5 billion over nine years to support the production of renewable fuels and encourage the development of a competitive renewable fuels industry in Canada. The program, which was launched in April 2008, also aims at creating jobs and increasing economic opportunities for local businesses. To date, the ecoENERGY for Biofuels program has received 46 applications, 24 of which are currently eligible for funding.
Source – Bioenergy Canada, April 2009 issue
http://bioenergymagazine.ca/article.jsp?article_id=374