Biofuel Review - international biofuel news updated daily - Nearly Can$1m investment for Quebec's biofuels industry
Nearly Can$1m investment for Quebec's biofuels industry Print E-mail
Written by Bill Bradshaw   
Tuesday, 21 August 2007

The Canadian government is investing $992,563 in 12 projects designed to help the biofuels industry in Quebec. "Canada's New Government is helping to ensure that producers are able to participate in and benefit from increased biofuels production in Canada," said Secretary of State Paradis. "The renewable energy industry holds great potential for enhancing the economic prosperity of Quebec."

Through the Biofuels Opportunities for Producers Initiative (BOPI), 12 organizations will receive funding to conduct feasibility studies and develop business plans that will lead to the development of biofuels production facilities.

"Through their involvement in developing biofuels, Quebec's farm producers have once again shown that they share the environmental concerns of their fellow citizens while exploring new markets," said Mr. Laurent Pellerin, Chair of the Conseil pour le developpement de l'agriculture du Quebec (CDAQ), which administers the BOPI program in Quebec.

BOPI is a two-year $20 million commitment by Canada's New Government designed to provide farmers and rural communities with opportunities to participate in, and benefit from, increased Canadian biofuels production. The initiative helps agricultural producers and others develop sound business proposals, as well as undertake feasibility or other studies to support the creation and expansion of biofuel production capacity. It is delivered through the industry councils in each province and territory that administer Agriculture and Agri-Food Canada's Advancing Canadian Agriculture and Agri-Food Program.

On July 5, 2007, Prime Minister Harper announced that the government will provide up to $1.5 billion over nine years to support the production of renewable fuels. In addition, since coming to office, Canada's New Government has announced it will invest $500 million in biofuels and bio-products initiatives to assist farmers and rural communities to seize new market opportunities in the bio-economy.




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