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Canadian biofuels fund solicits applications

By Susanne Retka Schill
Web exclusive posted August 20, 2008 at 1:55 p.m. CST

Sustainable Development Technology Canada has announced that its $500 million NextGen Biofuels Fund is accepting applications for demonstration-scale facilities producing next-generation fuels.

"The future of biofuels lies in cellulosic ethanol and next-generation biodiesel, produced from non-food feedstocks that do not encourage land-use changes," said Vicky J. Sharpe, president and chief executive officer of SDTC. "The projects that SDTC wants to support under its NextGen Biofuels Fund will bring cellulosic ethanol and next-generation biodiesel one step closer to market and help secure Canada's position as a world leader in the renewable fuels industry."

The SDTC fund will support up to 40 percent of eligible project costs. The contribution will be repayable based on free cash flow over a 10 year period after the project is completed.

The fund is open for applications year-round. To be eligible, a project must:
  • be a first-of-kind facility that primarily produces a next-generation renewable fuel at large demonstration-scale

  • be located in Canada

  • use feedstocks that are or could be representative of Canadian biomass

  • have demonstrated its technology at pre-commercial scale


Detailed information on the NextGen Biofuels Fund is available in the funding section of the SDTC website, www.sdtc.ca.
 

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