Lisa Raitt, Minister of Natural Resources, was joined by David Sweet, Member of Parliament and Tim Haig, president and chief executive officer of BIOX.
“The Government of Canada is delivering results for families and workers in Hamilton,” Minister Raitt said. “By investing in this project, our government is helping to create and sustain local jobs and economic opportunities as well as a healthier environment for all Canadians.”
Compared with gasoline, grain-based ethanol can reduce greenhouse gas emissions by up to 40% on a life-cycle basis. For biodiesel, the emissions reduction can be as much as 60%.
“This announcement today is ensuring new, green, sustainable manufacturing jobs are being created right here at home,” Haig said. “Clean-burning renewable fuels such as biodiesel significantly reduce harmful greenhouse gas emissions and finally give drivers a choice at the fuel pump. BIOX is proud to be a world-leader in advanced biodiesel production, and proud to help Canada grow beyond oil.”
The Government of Canada is also reducing emissions and creating new economic opportunities by investing in the five-year, CAD1-billion Clean Energy Fund and the CAD1-billion Green Infrastructure Fund. These initiatives are part of the Government’s Economic Action Plan, which will provide additional economic stimulus while accelerating progress toward a cleaner, more sustainable energy future for Canadians.
