Advanced Biofuels Canada releases recommendations to grow Canada’s biofuel sector
In Canada, Advanced Biofuels Canada (ABFC) released its fiscal recommendations to attract $7.2-1.08 billion of new clean fuel capital investments to build new Canadian clean fuel production capacity and infrastructure by 2030.
ABFC’s ‘Clean Fuels Strategy’ report profiles fiscal measures that will assure that Canadian-based clean fuel production remains competitive in the global market and, specifically, position the sector to compete against US-based producers subsidized by the measures in the US Inflation Reduction Act (IRA).
“Canada needs a complete climate action strategy to ensure that the conventional transportation has access to affordable, made-in-Canada clean fuels. Our recommendations complement policies to transition to electric and clean hydrogen mobility, with fiscal measures directed at non-ZEV transport in hard-to-decarbonize sectors, such as long-haul trucking, aviation, marine, and rail,” Ian Thomson, President, at ABFC said.
“These sectors are rapidly adopting low-carbon-intensity fuels (LCIF), such as renewable diesel and sustainable aviation fuel (SAF). Total Canadian LCIF capacity is sufficient to meet about 75% of current market demand but, without new capital investment, this will shrink to less than 50% by 2030 and increase our reliance on imported clean fuels,” he added.
The ABFC analysis primarily focuses on expanding the production and use of renewable diesel and SAF. However, the fiscal measures will support the full range of clean fuel feedstocks, technologies, and clean fuel types, including renewable methanol, renewable gasoline, and bio-based low-carbon hydrogen.
Category: Fuels
