Canadian biofuels firm receives $4.7 million government investment

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Toronto-based biofuels firm Woodland Biofuels has received a total of $4.7 million (€4.2 million) in investments from Natural Resources Canada.

Kate Young, Parliamentary Secretary to the Minister of Science and Sport and Minister of Public Services and Procurement and Accessibility made the announcement on 28 August, on behalf of the Honorable Amarjeet Sohi, Minister of Natural Resources Canada.

The investments will support two initiatives to create jobs, reduce greenhouse gas emissions and develop new technologies in the Canadian forestry sector. The first investment of $1.9 million (€1.7 million) by Natural Resources Canada’s Investments in Forest Industry Transformation Program will enable Woodland Biofuels to develop technology to make ethanol from wood and agriculture waste.

The second investment of $2.8 million (€2.5 million), provided by Natural Resources Canada’s Clean Growth Program, will boost the efficiency of Woodland Biofuels’ cellulosic ethanol demonstration plant. It will also enable the construction of the company’s first commercial-scale ethanol plant.

Greg Nuttall, president and CEO of Woodland Biofuels, said: “By investing in the commercialisation of the revolutionary fuel technology provided by Woodland’s waste treatment, Canada becomes a world leader in reducing fuel costs and fighting climate change.

“The Woodland process not only reduces greenhouse gas emissions by up to 92% but also produces fuel at a lower cost than petrol production from petroleum.

“The funding provided by the Canadian government should allow for the construction of Woodland’s first commercial plant, to be built here in Sarnia. I would like to thank the Government of Canada and the Western Sarnia-Lambton Research Park for their vital support to this project.”