Suncor receives boost from Canadian government

By | September 08, 2008
The government of Canada has invested $25 million in Calgary, Alberta-based Suncor Energy Inc. The funding will help the oil and gas company to double capacity at its 200 MMly (53 MMgy) ethanol production facility in Sarnia, Ontario. The St. Clair Ethanol Plant will be the largest ethanol producer in Canada after the expansion is complete in September 2009. To date, the facility has received $12.5 million in equity investments from farmers. The federal funds will come from the $200 million, four-year ecoAgricultural Biofuels Capital Initiative, which aims to build or expand biofuels production. Farmer investment is one of the conditions for ecoABC funding.