Climate Change and Emissions Management (CCEMC) Corporation

Climate Change and Emissions Management (CCEMC) Corporation

June 28, 2011 10:17 ET

Climate Change and Emissions Management (CCEMC) Corporation Announces $12.65 Million in Funding for Renewable Energy Projects

Projects in Lacombe and Carseland valued at more than $37.18 million

EDMONTON, ALBERTA--(Marketwire - June 28, 2011) - Lacombe and Carseland will benefit from renewable energy projects supported by the Climate Change and Emissions Management (CCEMC) Corporation. Combined, the two projects will reduce greenhouse gas emissions by more than 406,659 tonnes of carbon dioxide equivalent over 10 years.

"This is an important milestone for CCEMC," said CCEMC Chair Eric Newell. "In separate announcements over the past 12 months the CCEMC has announced support for 27 clean technology projects with a combined total project value of more than $630 million."

Together, the projects are estimated to reduce greenhouse gas emissions in Alberta by 23 megatonnes over 10 years. For every dollar CCEMC has invested to date, about another $4 are also invested.

"Alberta has both a responsibility and an opportunity to take decisive action to reduce carbon emissions," said Alberta Environment Minister Rob Renner. "And decisive action is exactly what we are doing with a greenhouse gas emissions regulatory system designed to drive investment towards clean energy technology. And these two renewable energy projects are further examples of the types of technology that are key to achieving the goals of Alberta's climate change strategy."

"By supporting renewable energy projects the CCEMC is helping to reduce emissions while diversifying our economy and building our expertise in clean technology," said Newell.

Coastal Hydropower Corporation is receiving $2.65 million in support of a program to demonstrate a new Very Low Head (VLH) water turbine at Alberta Environment's Carseland Weir on the Bow River.

Biorefinex, a subsidiary of Biosphere Technologies is receiving $10 million in support to develop the Lacombe Biorefinery. The facility is an energy-from-biomass and organic fertilizer manufacturing project. The project will showcase thermal hydrolysis technology used to process organic waste that typically would be sent to landfills. The process, certified internationally for the destruction of all disease agents, is now one of the safest, validated processes in the world for transforming organic wastes into energy and nutrient products.

The CCEMC issued its third call for proposals in September 2010, with $50 million available for renewable energy projects. Sixty-three projects were evaluated, 17 applicants were qualified to submit full project proposals and 14 proposals were received. Three other renewable energy projects in High Level, Hairy Hills (near Vegreville) and Slave Lake were announced June 21.

Since 2007, Alberta companies that annually produce more than 100,000 tonnes of greenhouse gas emissions are legally required to reduce their greenhouse gas intensity by 12 per cent. One compliance option is to pay into the Climate Change and Emissions Management Fund at $15/tonne.

The CCEMC is a not-for-profit organization whose mandate is to establish or participate in funding for initiatives that reduce greenhouse gas emissions and support adaptation. The CCEMC invests in discovery, development, and operational deployment of clean technologies.

For additional detail on the projects and contact information for funding recipients, see our backgrounder on ccemc.ca or visit the following link: http://media3.marketwire.com/docs/628ccemc_backgrounder.pdf

Contact Information

  • For more information or to arrange an
    interview with CCEMC Chair Eric Newell
    contact: Celia Sollows
    Climate Change and Emissions Management Corporation Cell:
    (780) 239-4150
    celia@ccemc.ca