Next-Generation Renewable Fuels to Play Crucial Role in Canada's Transition to a Bio-Based Economy
SDTC Canada Makes Annual Call for Applications to $500 million NextGen Biofuels Fund(TM)
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 08/24/11 -- Sustainable Development Technology Canada (SDTC) is issuing its Annual Call for Applications under the NextGen Biofuels Fundâ„¢, which was created by the Government of Canada to support the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels and co-products.
"By helping to create biorefineries, the NextGen Biofuels Fundâ„¢ also aims to add value to renewable fuel production while diversifying the economy in rural and agricultural areas and supporting market and technology transitions in the forestry sector," said SDTC President and CEO Vicky Sharpe. "This will be crucial in helping Canada to transition to a bio-based, sustainable economy."
The NextGen Biofuels Fundâ„¢ supports up to 40% of eligible project costs. The contribution is repayable based on free cash flow over a period of 10 years after project completion.
The fund is open for applications all year-round. To be eligible, a project must:
Next-generation biofuels are derived from non-traditional, non-food renewable feedstocks, such as municipal waste, agricultural and forest residues, and perennial crops on marginal land, and are produced through the use of novel conversion technologies.
Detailed information on the NextGen Biofuels Fundâ„¢ and on how to apply is available in the Funding section of the SDTC website at . Prior to submitting an Application for Funding (AFF), candidates should communicate their intent to SDTC by sending an email to .
About SDTC
Sustainable Development Technology Canada (SDTC) is an arm's-length foundation created by the Government of Canada which has received $1.09 billion as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $590 million SD Tech Fundâ„¢ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fundâ„¢ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels and co-products.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
Contacts:
Media Relations:
Patrice Breton
Director, Communications
Sustainable Development Technology Canada
613-234-6313 ext. 295
Applications:
613-234-6313, ext. 354
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Datum: 24.08.2011 - 08:40 Uhr
Sprache: Deutsch
News-ID 1033481
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