Canada to invest C$80m in 145m litre/year ethanol plant

02 March 2010 18:09  [Source: ICIS news]

TORONTO (ICIS news)--Canada’s government plans to invest almost Canadian dollar (C$) 80m ($78m) over seven years in an 145m litre/year ethanol plant in Quebec province, officials said Tuesday.

The country's federal ministry of natural resources said the investment at Varennes - near Montreal - would support the production of ethanol in Quebec, sustain job creation and help stimulate the economy. Ministry media officials could not immediately provide additional comment.

A spokesperson for Toronto-based based Greenfield Ethanolwhich owns the project, told ICIS news that the government money was for an existing corn-fed project. She could not immediately provide additional details.

According to Greenfield's website, the company started up a corn-fed ethanol plant at Varennes in 2007.

Biofuels industry trade group Canadian Renewable Fuels Association lists Greenfield as Canada’s largest ethanol producer.

($1 = C$1.03)

Check out Doris de Guzman's Green Chemicals blog for views on sustainability issues
To discuss issues facing the chemical industry go to ICIS connect

By: Stefan Baumgarten
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly