In Canada, Fred Ghatala, President of Advanced Biofuels Canada Association, said that the Biofuels Production Incentive provides immediate support to protect Canadian biofuel production capacity and will strengthen Canada’s energy security.
“Canadian producers have been operating at a competitive disadvantage since the introduction of the United States’ Inflation Reduction Act and the Clean Fuel Production Credit, which significantly lowered U.S. production costs and reshaped North American capital flows,” the association said.
“The Biofuels Production Incentive supports Canadian jobs, Canadian feedstocks, and Canadian fuel supply, helping keep clean fuel investment and production anchored in Canada amid ongoing trade and policy uncertainty. Biofuels are an immediately deployable solution that reduces emissions while supporting rural economies, well-paying jobs, domestic feedstocks like canola, and greater energy security,” it said.
The association noted that provinces have a central role to play in ensuring Canada remains attractive for capital investments in biofuel production, feedstock processing, and renewable fuel infrastructure, while ensuring that farmers and rural communities capture the long-term jobs, revenues, and value-added benefits these supply chains generate.
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