Two renewable fuel producers scale up to increase productivity and economic growth in rural southwestern Ontario
“These two projects build on our region’s reputation as a strong contributor to innovation in the petrochemical sector. As the world continues to seek cleaner, cost-effective biochemical products, innovative solutions like FORGE’s Lipid to Hydrocarbon technology and IGPC Ethanol Inc.’s corn-based ethanol production methods are continuing to build on the region’s strength as a player in energy production, using cleantech, all while creating jobs in rural southwestern Ontario.”
- Kate Young, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario)
“Apart from the difficulties we are currently facing with the pandemic, the climate crisis remains one of the most important challenges of our time. Investments like these ones demonstrate our government’s vision that the economy and the environment go hand-in-hand and will contribute to make Canada a carboneutral economy by 2050. These projects mean new jobs in rural communities, and new ways to reduce greenhouse gases and mitigate climate change.”
- The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“With our newly expanded production capacity, IGPC Ethanol Inc. contributes significantly to the renewable energy industry and agricultural sectors in Ontario, producing 380 million litres per year of high-octane fuel grade ethanol and 340,000 tonnes of high-protein distillers’ grains from 36 million bushels of Ontario corn. We are very grateful for the financial support provided by FedDev Ontario. This support has allowed us to create an extremely cost-efficient facility producing a fuel that is 60 percent lower in emissions compared to that of gasoline.”
- Kevin Norton, CEO-COO, IGPC Ethanol Inc.
“FORGE is extraordinarily pleased to have this investment from the Federal Economic Development Agency for Southern Ontario. FedDev Ontario’s investment not only adds to the validation received to date for the LTH technology, but also provides a necessary monetary boost to FORGE’s commercialization pathway as we begin to build our facility in and add skilled jobs to the Ontario renewable energy sector.”
- Tim Haig, CEO, FORGE Hydrocarbons
The global biodiesel market is expected to grow from $25 billion in 2019 to $44 billion by 2025.
FORGE will work in partnership with World Energy, which will provide the project site, advice, feedstock for producing biofuel, market services and sales facilitation. In addition to FedDev Ontario’s repayable contribution, FORGE Hydrocarbons has leveraged $25.6 million from private investors.
IGPC Ethanol Inc. is wholly owned by Integrated Grain Processors Co-operative Inc.—one of the largest agricultural co-operatives in Ontario. FedDev Ontario’s repayable contribution to IGPC is towards a total project cost of over $112 million, leveraging more than $107 million in other investments.
FedDev Ontario recognizes the vital role that rural communities play in the region’s economy, as demonstrated by an initial $100 million allocation for projects that drive innovation and growth in rural communities.
FedDev Ontario has invested over $123 million in 60 cleantech projects since 2015.
Office of the Minister of Economic Development and Official Languages
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