Canada to fund 60 projects via Clean Fuels Funds

In Canada, the government announced that approximately 60 projects have been selected to receive funding under the Government of Canada’s C$1.5-billion Clean Fuels Fund (CFF). These projects represent a first tranche of the highest-ranking applications from last year’s call for proposals and have a total combined value of more than C$3.8 billion. They include production facilities, as well as feasibility and front-end engineering and design studies, spanning seven jurisdictions and covering five different fuel types. and have a total combined value of more than C$3.8 billion. They include production facilities, as well as feasibility and front-end engineering and design studies, spanning seven jurisdictions and covering five different fuel types.

The federal government is undertaking negotiations to finalize the terms of funding for each project, and the total federal investment in these projects will be up to C$800 million. This funding will help project proponents address critical barriers to growth in the domestic clean fuels market and lays the groundwork for the low-carbon fuels of the future.

A second tranche of projects, from last year’s call for proposal, is currently being reviewed, with funding decisions expected to be finalized in December. Once successful applicants have been informed, Natural Resources Canada will start contribution agreement negotiations.