Saturday, November 10, 2007

Canada to subsidize farmers to participate in biodiesel plant

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The Canadian Ministry of Agriculture and Food Industry announced a $638,599 subsidy to build a new biodiesel plant in Alberta that will cost 8 million dollars (Canadian). This aid more than doubles the 275,000 dollars Canadian farmers were already investing in the plant. This subsidy is set in the Federal Investment Initiative for Eco-agricultural in biofuels (IIEB).

It seems that the Canadian government has decided to obtain results in the biofuel industry useful for farmers. The plant will not only produce 19 million liters of biodiesel annually, but officials confirm it will give part of its profits to partner farmers in order to reinforce the local community and the agricultural sector.

[Source: Econoticias]


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