Canada's SDTC solicits applications for NextGen Biofuels Fund
Sustainable Development Technology Canada has issued its annual call for applications under its $500 million NextGen Biofuels Fund, which was created by the government of Canada to support the establishment of innovative demonstration-scale biorefining facilities for the production of next-gen biofuels and coproducts.
The NextGen Biofuels Fund supports up to 40 percent of eligible project costs and the contribution is repayable based on free cash flow over a period of 10 years after completion of a given project. The fund is open for applications all 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; and have demonstrated its technology at pre-commercial scale.
SDTC, an arm’s-length nonprofit foundation created in 2001 by the federal government of Canada that funds commercially viable projects promising to reduce greenhouse gas emissions, received $1.09 billion as part of the government’s commitment to create a healthy environment for its citizens. SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. One is the NextGen Biofuels Fund and the other is the $590 million SD Tech Fund, which supports projects that address climate change, air quality, clean water and clean soil.
In early August, SDTC’s SD Tech Fund invested $53 million in 17 new clean technology projects across Canada in the areas of agriculture, transportation, mining and energy. Of those 17, four directly went to biodiesel and biorefining-related projects.
For detailed information on the NextGen Biofuels Fund and on how to apply, visit www.sdtc.ca. Prior to submitting an application for funding, the SDTC recommends communicating intent via email to email@example.com.