Next-Generation Renewable Fuels to Play Crucial Role in Canadas Transition to a Bio-Based Economy

OTTAWA, ONTARIO — (Marketwire) — 12/20/12 — Sustainable Development Technology Canada (SDTC) is issuing its Annual Call for Applications under the NextGen Biofuels Fund, 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.

“The production of next generation renewable fuels is helping diversify the economy – by supporting market and technology transitions in important sectors through the conversion of municipal, forestry and agricultural waste into sustainable fuels and co-products,” said SDTC President and CEO Vicky Sharpe. “The NextGen Biofuels Fund is helping to create biorefineries, spurring job creation and investment across Canada.”

The NextGen Biofuels Fund 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.

On behalf of the Government of Canada, Sustainable Development Technology Canada (SDTC) helps commercialize Canadian clean technologies, readying them for growth and export markets. With a portfolio of companies under management valued at more than $2 billion, SDTC is demonstrating that cleantech is a driver of jobs, productivity and economic prosperity.

SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $590 million SD Tech Fund supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.

SDTC works with the private sector, the financial sector and all levels of government to meet the Government of Canada’s commitment to create a healthy environment and a high quality of life for all Canadians. SDTC operates as a not-for-profit corporation.