FCL buys True North’s assets to ensure biofuel project gets completed

April 13, 2021 |

In Canada, renewable fuels are a critical component of Federated Co-operatives Limited’s climate change strategy and are the reason the company pursued the purchase of True North’s assets. After careful analysis of the work True North has completed with regard to biofuel production, FCL felt that the acquisition of True North’s current assets would supplement the work FCL has already completed and give the company a strategic and competitive advantage in our pursuit of sustainable solutions. As a company, FCL understands the need to reduce our reliance on traditional fossil fuels, and the production of alternative energy sources will play an important role in reducing emissions from transportation fuel.

“We are pleased that FCL and True North have reached this agreement,” said Mayor Sandra Masters. “After our original discussions with True North, we knew they had identified an exciting potential opportunity for bio-fuel technology. With FCL’s acquisition of True North, we are confident the city has a prominent business partner that can take that vision from concept to reality. This is an incredibly positive step for our city and our long-term sustainability goals.”

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Category: Fuels

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