06 May 2013 22:33 [Source: ICIS news]MEDELLIN, Colombia (ICIS)--The Canadian Renewable Fuels Association (CRFA) welcomed the proposal of a new renewable diesel mandate in Ontario, the trade group said on Monday. The measure would be based on fuel percentage and carbon intensity and would replace the current biodiesel tax exemption for all diesel sold in the province. It is also expected to boost biodiesel production in Ontario.
"The announcement is welcome news for our renewable fuels industry and the farmers we work so closely with," said CRFA president W Scott Thurlow. "We look forward to participating in these important consultations and encourage political parties of all stripes to support this initiative without delay."
"These consultations are a step in the right direction for Ontario," said Kevin Norton, CEO of BIOX Corporation. "As the largest biodiesel producer in Canada, the implementation of a renewable diesel mandate in Ontario would provide us with market certainty right in our backyard and support the significant capital investment we have made at our Hamilton facility."
BIOX is a renewable energy company that owns and operates Canada’s largest biodiesel production facility, with a nameplate capacity of 67m litres/year (18m gal/year) at their Hamilton plant in Ontario, Canada, according to CRFA.
Biodiesel is an alternative fuel, produced from renewable resources. The most commonly used feedstocks are rapeseed, soy and palm oil.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections