Biofuel date draws near

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Published: October 5, 2006

Saskatchewan groups considering a biofuel project have until Oct. 13 to apply for federal funding to develop a business plan or a feasibility study.

Deadlines for the $10 million Biofuels Opportunities for Producers Initiative in Alberta and Manitoba have already passed.

Individual project funding is capped at $300,000 and at least 25 percent of the project cost has to be provided by the industry applicant.

The first $5 million was divvied up based on a formula. Saskatchewan’s share was $591,180, while Alberta led the prairie provinces with $920,878 and Manitoba got $376,762. That money will be allocated to projects by November.

The second $5 million in federal funding will be distributed in January based on demand.

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