Canadian Renewable Fuels Association (CRFA)

Canadian Renewable Fuels Association (CRFA)

October 07, 2005 12:03 ET

Renewable Fuel Standard Will Boost Fuel Supply, Moderate Price-McGuinty Announcement Will Spur The Construction of 5 Ethanol Plants in Ontario

TORONTO, ONTARIO--(CCNMatthews - Oct. 7, 2005) - The Canadian Renewable Fuels Association today welcomed the final Ontario Renewable Fuel Standard, requiring 5% ethanol in the province's fuel supply by 2007, as good news for consumers hit with high gas prices.

"Canadians feeling the cost high gas prices should welcome today's announcement," said Canadian Renewable Fuels Executive Director Kory Teneycke. "The Renewable Fuel Standard will spur the construction of five new ethanol plants, increase our overall supply of fuel, and as a result moderate prices at the pump."

One of the main reasons of recent gas price spikes is the limited refining capacity in Canada. Canadian refineries currently run at 97% capacity, making the nation's fuel supply extremely vulnerable to natural disasters and political disruptions abroad.

The Renewable Fuel Standard (RFS) is a flexible, market orientated means of achieving a 5% ethanol content in the Ontario gasoline pool by 2007. The RFS will increase the quantity of fuel produced in Ontario by 600 million litres per year.

Today's announcement is also welcome news for Ottawa's Iogen Corporation, the global leader in the development of low C02 cellulose ethanol. The RFS includes a 2.5 to 1 bias for the use of cellulose ethanol in Ontario. This provides a significant incentive for oil companies to blend cellulose ethanol.

"The Renewable Fuel Standard is fueling change across this country," added Iogen Executive VP Jeff Passmore. "This provides a considerable incentive for the construction of advanced bio-refineries, such as an Iogen cellulose ethanol plant, in western Canada."

Founded in 1994, the Canadian Renewable Fuels Association (CRFA) is a non-profit independent organization with a mission to promote renewable fuels for automotive transportation through consumer awareness and government liaison activities.

The CRFA membership is comprised of representatives from all levels of the ethanol and biodiesel industry, including: corn and cellulose ethanol producers, biodiesel producers, fuel technology researchers, agricultural associations, and environmental organizations concerned with air quality.

Contact Information

  • Canadian Renewable Fuels Association
    Christine Albee
    (416) 304-1324