$10 million from Alberta’s carbon levy earmarked for $20-million biodiesel facility
The pilot plant will use a unique manufacturing technology from SBI BioEnergy to produce biodiesel from Alberta-grown Canola
The Alberta government will contribute $10 million to a $20-million biodiesel facility near Edmonton.
There is already a local market for the fuel. Commercial fuel producers in Alberta are required by law to blend renewable products into their fuels.
The government says it will fund its contribution to the facility using revenue generated from the carbon levy paid by large emitters.
What can you get for $10 million?
- 10 million litres of renewable diesel fuel produced each year
- 35 jobs generated
- 112,000 tonnes of GHGs reduced by 2020
- new market for Alberta’s off-grade canola
Alberta’s carbon tax
- $20 per tonne by 2017
- $30 per tonne by 2018
- Large emitters, who currently pay $20 per tonne, will pay $30 per tonne by 2017
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