Ottawa Hands Out First Green Credit Funds
By 250 News
Casltegar, B.C. - The federal government has handed out the first dollars under its Pulp and Paper Green Transformation Program for green energy projects.
The Zellstoff Celgar Pulp Mill in Castlegar has been given $40-million dollars to generate green energy from forest biomass.
Okanagan-Shuswap MP Colin Mayes says, "This project shows that smart investments enable pulp mills to increase their capacity to produce renewable energy from forest biomass, while providing important forest products for consumers."
38 pulp and paper mills across Canada, representing 24 companies, have generated credits under the $1-billion program, based on
their 2009 production levels of black liquor - a liquid by-product of the pulping process used to generate heat and power.
Just last week, Canfor Pulp Limited Partnership announced it would be submitting two proposals, worth approximately $16-million dollars, to Ottawa by the end of this month to begin accessing its $122-million dollars in credits under the PPGT program. (click here, for previous story)
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