Lethbridge, Alberta – The federal government will invest up to $31.14 million over six years in Alberta’s Kyoto Fuels Corporation through the ecoENERGY for Biofuels program.
Located in Lethbridge, Kyoto Fuels will produce up to 66 million litres of biodiesel each year, converted from vegetable or cooking oil, or animal fat. The company intends to sell the product to diesel producers in Western Canada and the northwestern United States.
The government said that the reduction of greenhouse gas emissions from biodiesel can be as much as 80 per cent over regular diesel.
The Canadian government is investing up to $1.5 billion through the ecoENERGY for Biofuels program over nine years to reduce greenhouse gas emissions and create jobs in the clean energy sector. Regulations now require a 5 per cent renewable fuel content in the national gasoline pool, and 2 per cent in diesel fuel and heating oil.