ecoAgriculture Biofuels Capital Initiative
Important Notices
- Program Extension
The deadline for the construction or expansion of biofuels facilities funded by the ecoAgriculture Biofuels Capital Initiative (ecoABC) has been extended from March 31, 2011 to September 30, 2012. This will provide more time for projects to secure necessary financing and complete construction.
The ecoABC Initiative is a federal $200 million four-year million program that provides repayable contributions for the construction or expansion of transportation biofuel production facilities. Funding is conditional upon agricultural producer investment in the biofuel projects, and the use of agricultural feedstock to produce the biofuel.
The ecoABC Inititiave is delivered nationally by Agriculture and Agri-Food Canada. It is designed to provide an opportunity for agricultural producers to diversify their economic base and participate in the biofuels industry through equity investment/ownership in biofuels production facilities. As well, ecoABC will help achieve the federal government's goal of reaching an average of 5% renewable content in gasoline by 2010 and 2% renewable content in diesel fuel and heating oil by 2012.
Objectives
Provides repayable contributions for the construction or expansion of transportation biofuel production facilities.
Available Funding
The ecoABC Inititiave provides repayable contributions of up to $25 million per project. Funding is provided for projects that use agricultural feedstocks to produce biofuels and that have new agricultural producer equity investments in the projects equal to, at minimum, five percent (5%) of the total eligible project costs.
Program Delivery
The ecoABC Inititiave is delivered nationally by Agriculture and Agri-Food Canada. It is designed to provide an opportunity for agricultural producers to diversify their economic base and participate in the biofuels industry through equity investment/ownership in biofuels production facilities.
Administrative Guidelines
The ecoABC Inititiave Funding Proposal Guide and Template offers detailed information on the program.