Canada: Construction begins on Ensyn’s Cote-Nord biocrude plant
(Montreal, July 20, 2016) Designed to take advantage of the province’s abundant supply of biomass to produce clean fuel, the Cote Nord Project will convert tens of thousands of metric tonnes of slash and other forest industry residues into millions of litres of renewable biocrude each year.
The project, known officially as AE Côte-Nord Canada Bioenergy Inc., will cost $103.9 million to build and is expected to come online by the end of next year. Once completed, the Cote-Nord project is expected to produce approximately 40 million litres of biocrude using 65,000 dry metric tons of forestry byproducts from Quebec every year.
The Canadian and provincial government have agreed to cover the majority of the construction costs. The feds will invest $44.5 million in the project through Sustainable Development Technology Canada (SDTC) and Natural Resources Canada (NRC), while Quebec plans to contribute $32 million. Meanwhile, the three private sector companies collaborating on the project — Ensyn Bioenergy Canada, Arbec Forest Products and Rémabec Group — will invest $27.4-million.
“This project, a first in the country, allows Canada and Quebec to be positioned as leaders in the field of renewable energy production, while addressing climate change,” Cote-Nord president, Serge Mercier, said. (Source: industry reports)
