Canadian Renewable Fuels Association (CRFA)

Canadian Renewable Fuels Association (CRFA)

September 12, 2007 15:15 ET

New NextGen Biofuels Fund Will Expand Biofuel Benefits

OTTAWA, ONTARIO--(Marketwire - Sept. 12, 2007) - The Canadian Renewable Fuels Association (CRFA) today applauded the launch of the $500 million NextGen Biofuels Fund.

"Next generation biofuels will build on the environmental and economic benefits of renewable fuels such as ethanol and biodiesel," said Robin Speer, Director of Public Affairs at the CRFA. "The NextGen fund will expand biofuel benefits and create whole new innovative economies in Canada."

NextGen biofuels are derived from non-traditional renewable feedstocks, such as corn stocks, wood chips, fast-growing grasses, agricultural residues, and forest biomass. NextGen biofuels will deliver even greater greenhouse gas reductions, and use less energy in the production process than current biofuels.

"Canada is now seriously joining the NextGen biofuels race. This fund will ensure that Canadian companies can innovate and compete on a level playing field with our international competitors," concluded Speer.

Contact Information

  • Canadian Renewable Fuels Association (CRFA)
    Robin Speers
    Director of Public Affairs
    (613) 295-6485