The federal government has selected about 60 projects that will receive up to $800 million in funding under the $1.5 billion Clean Fuels Fund (CTF).
With a combined total value of more than $3.8 billion, the projects include production facilities and feasibility and preliminary engineering and design studies in seven jurisdictions, involving five different fuel types.
“Today’s significant investments will strengthen Canada’s competitiveness in clean fuels at a time of increased global demand,” Natural Resources Minister Jonathan Wilkinson said in a May 14 news release. november. “These projects help create sustainable jobs and grow the economy, while reducing emissions and protecting the environment.
Negotiations are underway to finalize the funding arrangements for each project.
Natural Resources Canada is reviewing a second round of projects and expects funding decisions to be finalized in December.
The Clean Fuels Fund was launched in June 2021 to invest $1.5 billion to increase domestic production of clean fuels such as hydrogen, renewable diesel and natural gas, cellulosic ethanol , synthetic fuels and sustainable aviation fuel.
Wilkinson also noted more than $8.8 million was invested in six agencies for 10 hydrogen and natural gas fueling stations to help accelerate the decarbonization of road transport, distributed under the Zero Emission Vehicle Infrastructure Program (ZEVIP) and the Electric Vehicle and Fuel Infrastructure Deployment of replacement (EVAFIDI) from Natural Resources Canada.