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GreenField Ethanol Tiverton plant to receive new funding from Government of Canada

TORONTO

GreenField Ethanol's Tiverton plant was pleased to host Ben Lobb, Member of Parliament for Huron-Bruce - today on behalf of the Honourable Lisa Raitt, Minister of Natural Resources, where he announced that the Tiverton facility will receive up to $14 million from the Government of Canada's ecoENERGY for Biofuels program. Mr. Lobb was joined at today's announcement by Marty Cormier, Vice President of Bulk Manufacturing,GreenField Ethanol.

The ecoENERGY for Biofuels program supports the production of renewable alternatives to gasoline and diesel, encourages the development of a competitive domestic industry for renewable fuels and provides an operating incentive to facilities that produce renewable alternatives to gasoline and diesel in Canada.

"These funds will help GreenField Ethanol in our committed vision to help broaden Canadian's fuel choices through the use of innovative technologies and disciplined leadership. They will also result in an important investment that contributes to greater workplace opportunity for the Tiverton community," said Robert Gallant, President and CEO of GreenField.

"This investment is an example of how our Government is working for families in Tiverton," adds Mr. Lobb. "This funding will help create local jobs and economic opportunities for local businesses, both of which are more important than ever given the current global recession. In the long run, increasing our supply of cleaner fuels will also reduce greenhouse gasses and contribute to a healthier environment for all Canadians."

Compared to gasoline, grain-based ethanol can reduce greenhouse gas (GHG) emissions by up to 40 percent on a lifecycle basis. For biodiesel, the emissions reduction can be as much as 60 percent.

Through the ecoENERGY for Biofuels program, the Government of Canada will invest a total of $1.5 billion over nine years to encourage the development of a strong, competitive renewable fuels industry in Canada.