Canada’s bioenergy future

What is the future like for bioenergy companies? In order to help this situation for bioenergy companies especially new start-ups in need of funding for newly developing projects, companies have tried obtaining loans from banks for a portion of the overall project cost. In Canada, a major source of funding for small businesses in need of support for bioenergy enterprises is Sustainable Development Technology Canada (SDTC). Since its creation back in 2001, SDTC has allocated $464 million to 183 clean technology projects. Start-up bioenergy businesses can send the SDTC a ‘statement of interest’ outlining what funding is required.

Funding For Bioenergy Companies

The SDTC is a non-profit organization that was initiated by the Canadian government to provide grants for Canada groups at the pre-commercial phase. In Canada and America, you will find a number of companies to discuss issues concerning bioenergy, for instance, the U.S. company, Seneca BioEnergy, This is a company that took out grants and funds for big bioenergy projects. Moving forward and understanding that you need to today is essential. Another great bonus for Canada is Alberta who have just announced a $60M in grants.

For businesses in the United States, the U.S. Department of Energy (DOE), the U.S. Department of Agriculture and federal lawmakers are all legitimate sources for locating the appropriate funding for bioenergy start-up projects. Grant funding is another source of capital for bioenergy businesses. A company like Bluefire Ethanol, which was listed as one of the “50 Hottest Companies in Bioenergy,” has been awarded a series of grants from the U.S government and these days Canada is matching, the Canadian government is also big on funding bioenergy start-ups.

Casinos with 100% renewal energy at Canadian Casinos never existed and it used to be devastating concerning renewable energy. Today Canada’s casino culture is way greener than you might expect. Many say how you can’t rely solely on renewable energy but it’s important for companies to fight climate change.

The company was selected as one of four to construct a cellulosic ethanol production facility on a commercial scale-to be completely funded by the U.S. Department of Energy. The Environmental Protection Agency has also recently awarded $2.83 million to 34 different endeavors within the Small Business Innovative Research program, four of which fall under the biofuels and vehicle emissions category for research and development firms working on technology related to biofuels.

In Europe, small businesses looking to develop in the bioenergy industry might be able to secure funding through their national governments. In addition, financers have the opportunity to learn about bioenergy and the huge promise this field holds for the future. For instance, the European Bioenergy Conference which takes place every year in Brussels, Belgium offers a platform for these type of negotiations between investors and bioenergy business prospects.