Alberta Index - AGRICULTURE: Fort Saskatchewan bioenergy plant receives more than $4 million grant

AGRICULTURE: Fort Saskatchewan bioenergy plant receives more than $4 million grant

(AlbertaIndex, October 18, Thursday) --- The provincial government has approved more than $4 million in grant for Canadian Bioenergy Corporation’s biodiesel plant in Fort Saskatchewan. As one of the largest biodiesel plants to be constructed in Western Canada, it will support the economy of rural Alberta and the farming industry.
The funding was allocated through the Bio-refining Commercialization and Market Development Program and the Bio-energy Infrastructure Development Program. Both grant programs are part of the Alberta government’s $239 million nine-point bio-energy plan designed to encourage the growth of a clean, renewable fuel industry in Alberta.

Canadian Bioenergy Corporation will use the funding to develop biodiesel production capacity for transportation and industrial use, as well as a number of co-product opportunities. Biodiesel is a bio-fuel made by converting renewable feedstocks like vegetable oil and animal fats through chemical conversion.

During the second round of funding, 24 companies will receive grants to support product development, market research, and feasibility studies to assist bio-refiners in adopting new technologies and meeting market requirements.

“Opportunities to involve communities throughout Alberta in bio-energy projects show that Albertans, as well as businesses, are aware of the benefits of bio-energy,” said Mel Knight, Minister of Energy. “These grants will increase investment and help offset some of the start-up costs companies may face.”

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