OSHAWA, ON, Sept. 3 /CNW/ - The release of the long awaited Crombie
Report recognizes that the industrial Port of Oshawa is the right location for
FarmTech Energy Corporation to build a $185 million ethanol facility.
"It's great to see that Mr. Crombie recognizes the importance of a
mixed-use waterfront in Oshawa with industrial, residential, retail and
recreational users," said Dan O'Connor, President of FarmTech Energy
The Crombie Report also recognizes that as a condition of the transfer of
port lands to the City, that the municipality agree to respect and recognize
all existing leases, business contracts and undertakings.
"And that includes the FarmTech project," O'Connor added. "The Crombie
Report paves the way for this ethanol facility to play an important role in a
revitalized Port of Oshawa through new investment, and by creating hundreds of
jobs. Both the federal government and Mr. Crombie realize the importance of
the H20 highway to our economy and Oshawa can capitalize on this. The port is
the reason we chose this location."
The Crombie Report also recognizes the importance of a buffer zone in
preserving a balanced waterfront. The FarmTech project recognizes this buffer
zone and goes even further by expanding a naturalized area between the ethanol
facility and the Second Marsh with 17 acres of trees, shrubs, grasses and a
pond. This will increase the natural habitat for a number of species including
meadow and field birds as reported in an Environmental Assessment report now
filed with the Federal Government.
"I'm very proud of our farmer led $185 million ethanol project. It's
clean, it's green. It will create 700 new jobs, bring new investment to
Oshawa, and increase the natural habitat next to the Second Marsh," said
O'Connor. "I think this project will do a great deal for the City by playing
an important part in a renewed vision of the Port and Harbour."
Planning applications have been filed and are being considered by Oshawa
For more information on FarmTech Energy Corporation visit:
For further information:
For further information: Danna O'Brien, (416) 500-0699