July 6, 2006
Funding approved for ethanol and biofuel technology
Ottawa, Ontario – Sustainable Development Technology Canada (SDTC) has approved $48 million in new funding for the development and demonstration of clean technologies that benefit the environment and economy. Allocated to 22 projects, the funding includes $7.3 million for four biofuel technology projects, ranging from the production of ethanol from cellulose, to biodiesel production from mustard seed. The new funding brings SDTC’s total commitment to $59 million for biofuel technology.
The 22 newly-approved projects target a wide variety of sectors, including energy exploration and production, power generation, energy utilization, transportation, agriculture, forestry and wood products, and waste management. The private and public sector consortia partners behind the projects are investing an additional $111 million.