NEWS Press releases May 26, 2010

Ethanol & Biodiesel Add $2 Billion To Canadian Economy Annually

OTTAWA – The Canadian Renewable Fuels Association today released the first-ever comprehensive third party economic impact assessment of renewable fuels investments in Canada. The assessment conducted by econometric firm Doyletech Corporation, concluded that, “the grand total of the annual positive economic impact of renewable fuels is $2.013 billion.”

The report studied 28 ethanol and biodiesel plants across Canada and added that there were major benefits from renewable fuels in “rural re-vitalization, increased oil exports from western Canada, industrial development, and valuable options for re-balancing fuel “mix”.”

Open PDF