Canada Increases Ethanol Budget
The Canadian government has invested $46 million dollars (along with another $72 million that was already allocated) in ethanol production. The decision has to do, in part, with the quotas that three Canadian provinces have set; Ontario wants 5% ethanol in gasoline by 2007 and 10% by 2010, Manitoba wants 10% by the end of 2005 and Saskatchewan will require 7.5% by the end of 2005. This money should help more than triple Canadian production to approximately 1.4 billion litres per year (360 million gallons). Lets hope that cellulose ethanol will get a push too (we already wrote about it a bit – lets just say that it seems like the most promising kind of ethanol).