Steven Blaney, Member of Parliament for Lévis-Bellechasse, today announced that the Government of Canada's ecoENERGY for Biofuels program will provide funding of up to $79.75 million over 7 years to GreenField Ethanol's Varennes production facility.
GreenField's Varennes facility will produce about 145 million litres of ethanol a year and is Quebec's first ethanol producer. Compared with gasoline, grain-based ethanol can reduce greenhouse gas (GHG) emissions by up to 40 percent on a life-cycle basis. For biodiesel, the emissions reduction can be as much as 60 percent.
Through the ecoENERGY for Biofuels program, the Government of Canada is to invest up to $1.5 billion in such ventures over nine years. The Government's Economic Action Plan also dedicates $1 billion to the Clean Energy Fund and $1 billion for the Green Infrastructure Fund.