News section
home news forum careers events suppliers solutions markets resources directories advertise contacts search site plan
 
.
Canada invests an additional C$10 million for biofuel development

.

Fredericton, New Brunswick
March 3, 2007

The Honourable Chuck Strahl, Minister of Agriculture and Agri-Food and Minister for the Canadian Wheat Board, today announced an additional $10 million in funding for the Biofuels Opportunities for Producers Initiative (BOPI).

"Canada's New Government is serious about achieving real results on the environment, and to create new opportunities for our farmers. Expanding this program is part of our commitment to getting that job done," said Minister Strahl. "The additional $10 million investment will give producers the boost needed to develop new market opportunities for the agricultural sector."

"Today's announcement recognizes that farmers are critical to the success of developing and bringing to market alternative fuels for the benefit of our citizens and environment," said the Honourable John Baird, Minister of the Environment. "This initiative will help ensure farmers have a chance to participate in and benefit from helping Canada meet its target of 5 per cent biofuel content in fuels by 2010."

In July 2006, Canada's New Government announced $10 million BOPI. High producer demand to participate in this program led to today's announcement of $10 million which doubles the total BOPI funding up to $20 million over two years.

BOPI helps agricultural producers develop sound business proposals, as well as undertake feasibility or other studies to support the creation and expansion of the biofuel production capacity. This initiative will continue to be delivered through the regional industry councils that administer AAFC's Advancing Canadian Agriculture and Agri-Food (ACAAF) Program.

In addition to this initiative, in December 2006 Canada's New Government announced it would regulate the use of renewable fuels in Canada and has put in place $500 million in programs to assist farmers and rural communities seize new market opportunities in the agricultural bioproducts sector.

 

 

 

 

The news item on this page is copyright by the organization where it originated - Fair use notice

Other news from this source


Copyright © SeedQuest - All rights reserved