Carbon Levy Cash to Finance Biodiesel Refinery in Edmonton
(CBC News) Edmonton company promises cheaper, cleaner biodiesel on a commercial level — An Edmonton based company plans to commercially produce a new biofuel capable of completely replacing diesel by the end of the year, at a lower cost than existing renewable fuels.
SBI Bioenergy in south Edmonton is in the final stages of building a biorefinery to convert canola oil and animal fats into a renewable fuel that can replace or be blended with regular diesel.
CEO Inder Pal Singh said his technology produces a cleaner fuel that other renewable products, because it doesn’t use water or hydrogen. The process also doesn’t produce any waste, he said.
“Any kind of vegetable oil can be converted into renewable diesel or renewable jet fuel using our technology,” he said.
He added the low operating costs allow SBI to market a cheaper product than most renewable fuels. READ MORE