Ontario Creates $520M Fund for Ethanol
17 June 2005
The government of Ontario, Canada, is establishing a Can. $520-million (US$421-million), 12-year fund to support ethanol production and retailing.
In November 2004, Ontario announced a Renewable Fuels Standard, requiring an average of five per cent ethanol in all gasoline sold in Ontario by January 1, 2007.
The Ontario Ethanol Growth Fund, announced today, provides:
Capital assistance to help meet financial challenges in plant construction.
Operating assistance to address changing market prices.
Support for independent retailers selling ethanol blends.
A research and development fund to pursue opportunities for research and innovation.
I am trying to figure out how I was so ignorant about E85, etc...it is a complete surprise to me that a regular, buy-off-the-lot Mercedes C-class can use E85 or gasoline, in whatever mixture.
I read about Brazilian ethanol production only this morning...from what I've read this isn't going to make too much of a difference with greenhouse gases, but at least it can make a difference with oil...
Great site! You're on my "read" list!
Posted by: Ross Judson | 18 June 2005 at 12:50 PM