Canadian Biofuel Seen Rising 76 pct in Two Years
(Reuters) Canadian biofuel production should rise 76 percent in two years, as government subsidies for production plants and renewable-fuel requirements take effect. Total biofuel production will reach 2.5 billion litres (660 million gallons) annually by 2011, including 2 billion litres of ethanol and 500 million litres of biodiesel, said Gordon Quaiattini, president of the Canadian Renewable Fuels Association. “We’re certainly on track to build that production capacity, no question,” Quaiattini said.
Canada currently produces 1.3 billion litres of ethanol annually and 120 million litres of biodiesel, he said. Recently, the federal government gave operating subsidies of C$70 million ($64.2 million) annually to Husky Energy’s Lloydminster, Saskatchewan, ethanol plant and C$5.4 million to Methes Energies Inc’s biodiesel plant in Mississauga, Ontario. READ MORE
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