Kyoto Fuels News
Kyoto Fuels Receives $31.4M in ecoENERGY funding
News from December 21, 2011

News Release

2011/136

December 21, 2011

Government of Canada Invests in Clean Energy in Alberta

 

LETHBRIDGE, Alberta Canada strengthened its position as a clean energy superpower today with a Government of Canada investment that will support the production of biodiesel, sustain job creation and help stimulate the economy. Jim Hillyer, MP for Lethbridge, on behalf of the Honourable Joe Oliver, Minister of Natural Resources, announced an investment of up to $31.14 million, over six years, in Kyoto Fuels Corporation through the ecoENERGY for Biofuels program.

“Our Government is working to advance clean energy solutions and reduce greenhouse gas emissions through our ecoENERGY for Biofuels program,” said MP Hillyer. “By investing in projects like this, we are helping to sustain local jobs and create economic opportunities while maintaining a healthier environment for all Canadians.”

Kyoto Fuels Corporation, located in Lethbridge, Alberta, will produce up to 66 million litres of biodiesel a year. The project consists of converting vegetable or cooking oil or animal fat into biodiesel. The company intends to sell the product to diesel producers in Western Canada and the northwestern United States. The reduction of greenhouse gas emissions from biodiesel can be as much as 80 percent over regular diesel.

 “Kyoto Fuels looks forward to providing quality renewable fuels through the ecoENERGY for Biofuels program, which represents a vital aspect of our ability to participate in this evolving sector of Canada’s economy,” said Kelsey Prenevost, President and Chief Executive Officer, Kyoto Fuels Corporation. “In addition to employing 20 well-qualified technicians, other industries such as transportation and distribution will benefit from our production.”

The Government of Canada is investing up to $1.5 billion through the ecoENERGY for Biofuels program over nine years and recognizes that the increased use of biofuels contributes to reducing Canada’s greenhouse gas emissions as well as creating clean energy jobs for today and in the future.

Regulations now require a five percent renewable fuel content based on the national gasoline pool and a two percent requirement for renewable content in diesel fuel and heating oil.

 

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Media may contact:

Patricia Best

Director of Communications

Office of the Minister                       

Natural Resources Canada               

Ottawa                           

613-996-2007

 

or

 

Media Relations

Natural Resources Canada

Ottawa

613-992-4447

 

or

 

Kelsey Prenevost

President & CEO

Kyoto Fuels Corp.

403-388-8950 or 403-795-7070

 

                                                               

The general public may contact:

 

Mon.–Fri., 8:30 a.m.–4:30 p.m. EDT

Telephone: 613-995-0947

TTY: 613-996-4397

(teletype for the hearing-impaired)

E-mail: questions@nrcan.gc.ca

 

The following media backgrounder is available at

http://www.nrcan.gc.ca/media-room/home/1784

       

ecoENERGY for Biofuels

http://www.nrcan.gc.ca/media-room/home/1784