The Canadian biofuel industry has grown significantly over the past 15 years, however current yields account for only 2% of the global production of ethanol and bio-diesel. There is a tremendous opportunity for Canada, and particularly southwest Alberta, to become a global leader in the production of bio-diesel and bio-ethanol to meet global demand.
Bio-fuel plants produce either bio-ethanol or bio-diesel used as fuel additives to reduce carbon emissions. Currently in Alberta there are two renewable fuel plants in operation and three under construction. Southern Alberta is home to the largest biodiesel plant in Canada, Kyoto Fuels, which produces 66 million litres of biofuel a year.
Alberta encourages growth in biofuels through its 2011 Renewable Fuel Standard, requiring five percent renewable alcohol in gasoline and two percent renewable diesel in diesel fuel. Opportunities in the region include the investment of a bio-diesel process equipment manufacturer, and/or local manufacturing under license of bio-diesel process equipment, local design, engineering and structural construction of plants, local design of process control systems and transportation related activities.