18 June 2013 03:14 [Source: ICIS news]
MONTREAL, Canada (ICIS)--The Canadian government has played a key role in developing the domestic bioproducts sector, most notably through a coordinated strategy for renewable fuels, an agency official said on Monday.
The strategy has helped set up federal regulation that requires the content of renewable fuels to be 5% of the gasoline pool and 2% in the diesel pool, according to Kara Beckles.
The strategy has also expanded Canadian production of renewable fuels through the $1.5bn ecoENERGY for Biofuels programme that provides incentives to producers, she said.
Additionally, the strategy accelerated commercialisation of new generation technologies through a $500m NextGen Biofuels Fund for large-scale renewable fuels demonstration facilities.
The Renewable Fuels Strategy also created new opportunities for farmers through a $200m ecoAgricultural Biofuels Capital Initiative for repayable capital contributions.
The World Congress on Industrial Biotechnology conference runs through Wednesday.
Follow Tracy on Twitter
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.
|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