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Canadian Government Program Invests Money In SK Ethanol Plant

Posted on: Tue, 10 Nov 2009 15:54:00 EST

Symbols: NTRI

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Winnipeg, MB, Nov 10, 2009 (Resource News International via COMTEX) --
NTRI | Quote | Chart | News | PowerRating -- The Government
of Canada announced Tuesday that it would invest up to C$77.75
million over seven years to help support ethanol production in
Saskatchewan, said National Resources Canada in a press release
November 10. The money is being delivered to Terra Grain Fuels'
ethanol facility in the province under the federal government's
ecoENERGY for Biofuels program.

"Terra Grain Fuels is very pleased to be a qualified member
of the ecoEnergy Biofuels program and encouraged by the
government's commitment to the emerging renewable fuel industry,"
said Tim LaFrance, President of Terra Grain Fuels in the news
release. "There has been a significant positive impact on the
local communities and area producers in and around the Belle
Plaine facility," he added.

Terra Grain Fuels ethanol plant in Belle Plaine,
Saskatchewan currently has the capacity to produce 150 million
litres of ethanol per year, using wheat as its primary feedstock.

The Government of Canada will invest up to C$1.5 billion
over nine years through the ecoENERGY for Biofuels program, which
was originally set up in July 2007. The government's Economic
Action Plan also dedicates C$1 billion to the Clean Energy Fund
and C$1 billion for the Green Infrastructure Fund to provide
additional economic stimulus while promoting a cleaner, more
sustainable energy future for Canadians, said the release.

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