02 October 2009 18:48 [Source: ICIS news]
TORONTO (ICIS news)--Suncor will go ahead with plans to double ethanol production at its site near the Sarnia petrochemicals hub in southern Ontario to 400,000 tonnes/year, the Canadian energy firm said on Friday.
The Canadian dollar (C$) 120m ($111m) expansion plan had been delayed early this year because of the economic downturn.
But Suncor spokesman Brad Bellows told ICIS news that with the improving economy and higher oil prices the company felt confident in continuing its investments in renewable energy.
The expansion would be completed in late 2010 or early 2011, he said.
($1 = C$1.08)
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