Canadian Renewable Fuels Association (CRFA)

Canadian Renewable Fuels Association (CRFA)

December 03, 2007 09:40 ET

Minister Ritz Builds on the Promise of Canadian Biofuels

Delivers New Bill and ecoENERGY Program Details to Open Renewable Fuels Summit

QUEBEC CITY, QUEBEC--(Marketwire - Dec. 3, 2007) - Homegrown biofuels in Canada got a big boost today with the announcement of a new federal biofuels bill and the details of the federal ecoENERGY for biofuels program. Federal Agriculture Minister Gerry Ritz delivered the good news to open the 4th Canadian Renewable Fuels Summit in Quebec City. The summit is the biofuels industry's event of the year in Canada.

"These new measures will deliver on the promise of ethanol and biodiesel for Canada," said , President of the Canadian Renewable Fuels Association. "Biofuels such as ethanol and biodiesel are better for the environment, better for energy supply and gas prices, and better for farmers. The new biofuels bill coupled with the ecoENERGY program will ensure the future growth and development of renewable fuels in Canada."

The new biofuels bill will make the necessary changes in law to ensure the federal government meets its goal of an average renewable content of 5% ethanol and 2% biodiesel in Canadian gasoline and diesel fuel.

The ecoENERGY for biofuels program will invest up to $1.5 billion over 9 years to boost homegrown production. This program will make investment in production facilities more attractive by partially offsetting the risk associated with fluctuating feedstock and fuel prices.

Ethanol and biodiesel help fight global warming by reducing harmful green house gases. It is estimated that Canada's new renewable fuel standard will result in an annual 4.2 megatonne reduction in net GHG emissions - the equivalent of removing more than one million cars from Canadian roads.

"With increasingly unstable oil prices, the case for biodiesel and ethanol has never been stronger. Biofuels enjoy broad multi-party support and it is our hope that legislators in the House of Commons and the Senate will move swiftly to pass the new biofuels legislation." added Quaiattini. "Quick passage will ensure the continued growth of a domestic industry and allow for the introduction of biofuels into the Canadian fuel supply in a timely manner."

Both ethanol and biodiesel are warranted by all major vehicle manufactures for use in low level blends of gasoline and diesel fuel respectively.

Canada's new biofuels industry will help wheat and canola farmers in the west, and corn and soy bean farmers in the east. Twenty new world-class biofuels facilities are expected to be built in the coming years and create over 14,000 new jobs in rural communities. They will provide a new market for over 200 million bushels of Canadian grains and oilseeds.

Contact Information

  • CRFA
    Robin Speer
    (613) 295-6485