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December 2010 | |  |
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Canola to miss boost from Canada biodiesel
Source : reuters.com
Canada's No. 2 crop, canola, looks to miss out on potential domestic demand from biodiesel until Canada clarifies its fuel mandate and offers new incentives to an already heavily subsidized industry. Canada has finished selecting biodiesel plant proposals to receive funding from a C$1.5-billion ($1.5 billion) program, aiming to cut greenhouse gas emissions by 17% by 2020 from 2005 levels through mandates of 5% ethanol and 2% biodiesel in conventional fuel pools. None of the successful proposals are for large-scale plants in Western Canada that would use canola as the main feedstock. Canada has not set a specific start date for the 2011 biodiesel mandate that would require 500 million liters per year of renewable diesel, creating uncertainty for investors.
read more ...
7 December 2010 |
Legislation ::
Biodiesel ::
United States & Canada
The information in this section is subject to a disclaimer.
Articles from December 2010 (109 articles)
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