Husky Energy gets ethanol investment
With ethanol plants in Lloydminster and Minnedosa, Husky is Western Canada's largest ethanol producer, making 260 million litres a year which is added to its Husky and Mohawk petrol.
Last year, the Lloydminster plant purchased $22 million worth of low-quality grain from area grain producers. But price volatility has added a huge risk to the ethanol business.
The federal assistance works out to $0.10 per litre of production, an amount that will be reduced as profitability in the ethanol market improves.