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.
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