According to a recent article in Ethanol Producer Magazine, Canada’s largest ethanol company, GreenField Ethanol located in Varennes, Quebec, will be receiving up to $79.75 million from the Canadian government. The funds are being distributed as part of the ecoENERGY for Biofuels program. The funds will be used to help the plant engage in future research and invest in additional investment projects.

The ecoENERGY program was a result of monitoring similar programs in the United States that support the development of biofuels. “By investing in this project,” said Steven Blaney, a Canadian member of parliament, “we are helping to create and sustain local jobs and economic opportunities while encouraging a healthier environment for all Canadians.”

Greenfield Ethanol has three additional corn-to-ethanol plants located in Chatham, Johnstown and Tiverton, Ontario with a fifth plant under construction. Once the plants are complete the company will have nearly 660 million gallons per year of production.

Last April, the Greenfield Ethanol plant received funding from Sustainable Development Technology Canada and the Johnston plant was awarded $117.5 million last June.