Saskatchewan adopts five year biodiesel subsidy, mandate
In Canada, Saskatchewan’s 2011 Budget will now boast a five-year $26 million program that will provide a 13 cent-per-litre grant to biodiesel producers effective April 1 2011 and a 2% renewable biodiesel mandate that comes into effect on July 1 2012.
“Saskatchewan’s 2011 budget will be welcome news to farmers and biodiesel producers alike,” said Gordon Quaiattini, President of the Canadian Renewable Fuels Association in responding to the budget. “With this budget Saskatchewan will tap into the new opportunities of biodiesel, and lay the foundation for a whole new advanced biofuel industry.”
The Canadian Renewable Fuels Association reports that renewable fuels such as ethanol and biodiesel in Canada are a substantial source of economic and financial benefit to rural Canada. Construction of biofuels facilities has generated roughly $3 billion in economic activity and ongoing operations represent a $2 billion annual economic contribution.
Category: Policy
