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AGRICULTURE: Alberta's new $209-million program to boost bioenergy production

            (AlbertaIndex, August 1, Wednesday) --- The Alberta government has launched the $209-million Bio-Energy Producer Credit Program to encourage investment in the province’s emerging bio-energy industry. The four-year program will provide financial incentives for producers, while advancing new markets for agricultural and forestry products.

            Every litre of ethanol and bio-diesel or kilowatt hour of bio-generated power produced commercially may be eligible to receive the Bio-Energy Producer Credit. The credits will be available to eligible bio-energy products processed in Alberta between April 1, 2007 and March 31, 2011.
           
The program is the centrepiece of the Alberta government’s $239-million Nine-Point Bio-Energy Plan.
            Two other grant programs, the Bio-Refining Commercialization and Market Development Program and the Bio-Energy Infrastructure Development Program, account for an additional $30 million to promote the development of an economically viable bio-energy market in the province.
            The first grant recipients and $5 million in funding were announced in April and additional recipients will be announced in the coming weeks.
            “In addition to the environmental advantages, bio-fuels offer important value-added opportunities for rural Alberta and our agricultural industry that help diversify our energy portfolio,” said Mel Knight, Minister of Energy.
            “This program will encourage increased investment and help create new jobs for Albertans that will promote a sustainable and stable bio-energy industry.”

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