Natural Resources Canada

Natural Resources Canada

August 21, 2009 09:00 ET

Natural Resources Canada: Government of Canada Invests in Hamilton Biofuels

HAMILTON, ONTARIO--(Marketwire - Aug. 21, 2009) - Hamilton's BIOX facility will receive up to $72.4 million to support the production of biodiesel, thanks to an investment by the Government of Canada. This investment is provided through the ecoENERGY for Biofuels program, which works to help stabilize the Canadian renewable fuel industry.

The Honourable Lisa Raitt, Minister of Natural Resources, was joined at today's announcement by David Sweet, MP for Ancaster-Dundas-Flamborough-Westdale, and Tim Haig, President and CEO of BIOX Canada Ltd.

"The Government of Canada is delivering results for families and workers in Hamilton," said Minister Raitt. "By investing in this project, our government is helping to create and sustain local jobs and economic opportunities as well as a healthier environment for all Canadians."

Through the ecoENERGY for Biofuels program, the Government of Canada will invest up to $1.5 billion over nine years to encourage the development of a strong, competitive renewable fuels industry in Canada. Compared with gasoline, grain-based ethanol can reduce greenhouse gas (GHG) emissions by up to 40 percent on a life-cycle basis. For biodiesel, the emissions reduction can be as much as 60 percent.

"This announcement today is ensuring new, green, sustainable manufacturing jobs are being created right here at home," said Mr. Haig. "Clean-burning renewable fuels such as biodiesel significantly reduce harmful greenhouse gas emissions and finally give drivers a choice at the fuel pump. BIOX is proud to be a world-leader in advanced biodiesel production, and proud to help Canada grow beyond oil."

The Government of Canada is also reducing emissions and creating new economic opportunities by investing in the five-year, $1-billion Clean Energy Fund and the $1-billion Green Infrastructure Fund. These initiatives are part of the Government's Economic Action Plan, which will provide additional economic stimulus while accelerating progress toward a cleaner, more sustainable energy future for Canadians.

FOR BROADCAST USE:

The Government of Canada will provide up to $72.4 million in new funding over the next seven years to a biodiesel plant in Hamilton, Ontario. Natural Resources Minister Lisa Raitt said that this funding will help create local jobs and economic opportunities for local businesses as well as provide cleaner fuels to reduce Canada's greenhouse gas emissions.

The following media backgrounder is available at www.nrcan.gc.ca/media: ecoENERGY for Biofuels

NRCan's news releases and backgrounders are available at www.nrcan.gc.ca/media.

Contact Information

  • Natural Resources Canada, Ottawa
    Office of the Minister
    Jocelyne Turner
    Press Secretary
    613-996-2007
    or
    Natural Resources Canada, Ottawa
    Media Relations
    613-992-4447
    or
    BIOX Corporation
    Tim Haig
    President and CEO
    905-337-4973 or 905-815-7786