GreenField receives $80 million in government support
A total of $79.75 million (€58.3 million) will be awarded to the GreenField ethanol plant in Varennes, Quebec, Canada, over a period of seven years.
GreenField will receive the funding from the Canadian government’s ecoENERGY for Biofuels programme. ‘What it allows us to do is maintain the right operating margins to support operations,’ said Jean Roberge, the GM of GreenField Ethanol of Quebec.
Roberge added that government financing is needed if research into the relatively new biofuels sector is to continue in Canada and make it competitive with fossil fuels. The funds will also help GreenField’s ethanol plant invest in future research and development schemes.
Canadian MP Steven Blanely said: ‘By investing in this project we are helping to create and sustain local jobs and economic opportunities while encouraging a healthier environment for all Canadians.’
The Varennes refinery produces 150 million gallons of ethanol annually and is one of four corn-to-ethanol plants operated by GreenField.
GreenField will receive the funding from the Canadian government’s ecoENERGY for Biofuels programme. ‘What it allows us to do is maintain the right operating margins to support operations,’ said Jean Roberge, the GM of GreenField Ethanol of Quebec.
Roberge added that government financing is needed if research into the relatively new biofuels sector is to continue in Canada and make it competitive with fossil fuels. The funds will also help GreenField’s ethanol plant invest in future research and development schemes.
Canadian MP Steven Blanely said: ‘By investing in this project we are helping to create and sustain local jobs and economic opportunities while encouraging a healthier environment for all Canadians.’
The Varennes refinery produces 150 million gallons of ethanol annually and is one of four corn-to-ethanol plants operated by GreenField.
Loading ...
