The federal government is committing $1.27 billion towards building new biofuel facilities, aiming to address the growing dependence on U.S. imports to meet clean fuel regulations.
The budget also includes a biofuel production fund of up to $500 million annually to subsidize ongoing operations, supporting projects utilizing Canadian raw materials.
Biofuels play a crucial role as cleaner alternatives, meeting increasing government regulations in Canada, while imports from the U.S. continue to rise.
Canada aims to avoid losing capacity on feedstocks and facility operations for low-carbon products by investing in domestic biofuel production, emphasizing the importance of sustainability and economic benefits.
#biofuel-industry #federal-government-support #competition-with-us-subsidies #clean-fuel-regulations #import-dependence
[
add
]
[
|
|
...
]