Saturday, December 24, 2011

Alberta biofuels gets investment from government

Alberta-based Kyoto Fuels Corporation will get an investment from the federal government worth up to $31.14 million over six years through the ecoENERGY for Biofuels program.

Kyoto Fuels will generate up to 66 million litres of biodiesel every year, converted from animal fat or cooking or vegetable oil. The firm plans to sell the product to diesel producers in the northwestern United States and Western Canada.

Greenhouse gas emissions from biodiesel can be reduced up to 80 percent over regular diesel, said the government.

Canada is spending up to $1.5 billion via the ecoENERGY for Biofuels program over a period of nine years to generate jobs in the clean energy sector and cut greenhouse gas emissions. Current regulations require a 2 percent in heating oil and diesel fuel and 5 percent renewable fuel content.

For the original article, click here.

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