ecoAgriculture Biofuels Capital Initiative

The ecoABC Initiative is a federal CAD 200 million four-year programme ending on 31 March 2011, that provides repayable contributions for the construction or expansion of transportation biofuel production facilities. Funding is conditional upon agricultural producer investment in the biofuel projects, and the use of agricultural feedstock to produce the biofuel. The ecoABC Initiative is delivered nationally by Agriculture and Agri-Food Canada. It is designed to provide an opportunity for agricultural producers to diversify their economic base and participate in the biofuels industry through equity investment/ownership in biofuels production facilities. As well, ecoABC will help achieve the federal governments goal of reaching an average of 5% renewable content in gasoline by 2010, and 2% renewable content in diesel fuel and heating oil by 2012.

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