Saskatchewan commits C$80 million to development of biofuel plants - community ownership
The government of the Canadian province of Saskatchewan unveiled an C$80 (€56.3/US$74.9) million strategy to assist producers and communities in the construction and expansion of transportation ethanol or biodiesel production facilities in the province.
The Saskatchewan Biofuels Investment Opportunity (SaskBIO) Program was announced at the North East Saskatchewan Ethanol Forum in Tisdale. The four-year program that repayable contributions of up to C$10 million per project. An additional C$2 million will also be provided for biofuels and bioproducts research and development.
Community ownership
Corporations, individuals or partnerships, including co-operatives, are eligible to apply for funding to construct new or expand existing biofuels production facilities. But program applicants must have a minimum of five per cent farmer-community investment, and a minimum production capacity of two million litres per year for both new and expanding facilities.
Stressing the community-ownership factor Premier Lorne Calvert said "We created SaskBIO to provide an opportunity for farmers and communities to participate in the value-added biofuels industry in Saskatchewan through ownership of biofuels facilities. This program will also ensure that Saskatchewan is an attractive jurisdiction in which to build a sustainable biofuels industry."
SaskBIO is expected to have the following outcomes:
bioenergy :: biofuels :: energy :: sustainability :: ethanol :: biodiesel :: social sustainability :: Saskatchewan :: Canada ::
"The Government and people of Saskatchewan have embraced ethanol and biodiesel as a means to help end our reliance on non-renewable oil, bring new prosperity to rural areas and contribute to the fight against climate change," Minister of Regional Economic and Co-operative Development Lon Borgerson said. "Today's announcement will help us maintain our leadership role in the Canadian renewable fuels industry."
Under the eligibility criteria, a "farmer-community investor" is defined as follows:
Government of Saskatchewan: Saskatchewan Biofuels Investment Opportunity (SaskBIO) [*.pdf]
Government of Saskatchewan: Province commits $80 million to development of biofuel production facilities - June 12, 2007.
The Saskatchewan Biofuels Investment Opportunity (SaskBIO) Program was announced at the North East Saskatchewan Ethanol Forum in Tisdale. The four-year program that repayable contributions of up to C$10 million per project. An additional C$2 million will also be provided for biofuels and bioproducts research and development.
Community ownership
Corporations, individuals or partnerships, including co-operatives, are eligible to apply for funding to construct new or expand existing biofuels production facilities. But program applicants must have a minimum of five per cent farmer-community investment, and a minimum production capacity of two million litres per year for both new and expanding facilities.
Stressing the community-ownership factor Premier Lorne Calvert said "We created SaskBIO to provide an opportunity for farmers and communities to participate in the value-added biofuels industry in Saskatchewan through ownership of biofuels facilities. This program will also ensure that Saskatchewan is an attractive jurisdiction in which to build a sustainable biofuels industry."
SaskBIO is expected to have the following outcomes:
- expansion of a biofuels industry in Saskatchewan that creates more jobs and economic spin-offs in rural Saskatchewan
- development of new markets for Saskatchewan agricultural producers
- increased activity in the Saskatchewan economy
- decreased our impact on the environment
- the creation of new opportunities for Saskatchewan's premiere research community
bioenergy :: biofuels :: energy :: sustainability :: ethanol :: biodiesel :: social sustainability :: Saskatchewan :: Canada ::
"The Government and people of Saskatchewan have embraced ethanol and biodiesel as a means to help end our reliance on non-renewable oil, bring new prosperity to rural areas and contribute to the fight against climate change," Minister of Regional Economic and Co-operative Development Lon Borgerson said. "Today's announcement will help us maintain our leadership role in the Canadian renewable fuels industry."
Under the eligibility criteria, a "farmer-community investor" is defined as follows:
- agricultural producers (farmers) are defined as persons who filed their Saskatchewan income tax as farmers in at least one of the five years previous to the signing of the Contribution Agreement
- a community investor is an individual or business whose primary address is located in a municipality in Saskatchewan, within a 100 kilometre radius of the applicant and
- who files their income taxes as a Saskatchewan resident or business
- a maximum of C$1 million investment per individual farmer or community investor will be recognized when calculating the total farmer-community investment in a project
Government of Saskatchewan: Saskatchewan Biofuels Investment Opportunity (SaskBIO) [*.pdf]
Government of Saskatchewan: Province commits $80 million to development of biofuel production facilities - June 12, 2007.
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