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N.S. biofuel project secures government loan

March 20, 2014, Brooklyn, N.S. – CelluFuel Inc. has secured a $500,000 loan from the federal government for its demonstration plant project on the former Bowater site in Brooklyn, N.S.


March 20, 2014
By Canadian Biomass

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March 20, 2014, Brooklyn, N.S. – CelluFuel Inc. has secured
a $500,000 loan from the federal government for its demonstration plant project
on the former Bowater site in Brooklyn, N.S.

 

According to a report in The Chronicle-Herald, the funding
is in addition to a $1.5 million contribution that the province previously gave
for the project. The newest funding will be used to purchase equipment for the
demonstration plant.

 

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Once the project is completed, CelluFuel expects to provide
1.3 million litres per year of renewable diesel for the refinery market using
approximately 6,000 tonnes of fibre.

 

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