NewswireToday - /newswire/ -
Toronto, Ontario, Canada, 2007/06/01 - GreenField Ethanol, Canada’s leading ethanol producer, today said ethanol demand in Ontario will increase thanks to the adoption of a groundbreaking low carbon fuel standard for the province.
In the agreement signed yesterday Premier Dalton McGuinty committed Ontario to a fuel standard that will reduce greenhouse gas emissions from the province’s transportation fuel by 10 percent by 2020.
“This accord will create the need for more ethanol – a renewable fuel that is less expensive than gasoline, has a low carbon content and is made here in Ontario,” said GreenField Ethanol’s President and CEO Robert Gallant.
Gasoline companies have a variety of low carbon options to help them meet the 10 percent reduction. These include switching refinery feedstock from heavy crude oil to lighter, sweeter grades, expanding the availability of E-85 ethanol and increasing the amount of ethanol in gasoline from the current Ontario mandate of 5 percent.
The most sensible option for oil companies is to blend ethanol with gasoline to help them meet their reduction targets, said Gallant.
GreenField Ethanol (greenfieldethanol.com), formerly Commercial Alcohols, is Canada’s leading ethanol producer. The company produces 250-million litres a year of corn-based fuel ethanol at its plants in Chatham and Tiverton, Ontario and Varennes, Quebec. Two more plants are under construction in Hensall and Johnstown, Ontario, and will be operational in 2008. GreenField Ethanol will be one of the top producers in North America with five operating plants, producing more than 700-million litres of ethanol per year by 2008. GreenField’s Ethanol is available at more than 1,500 gas stations across Canada.
For more information:
Melanie Gruer, Director of Communications
T: 416-304-1700 x238