GreenField Ethanol Johnstown plant to receive new funding from Government of Canada



    TORONTO, June 19 /CNW/ - GreenField Ethanol's Johnstown plant was pleased
to host Gord Brown, Member of Parliament for Leeds-Grenville - today on behalf
of the Honourable Lisa Raitt, Minister of Natural Resources and the Honourable
Gerry Ritz, Minister of Agriculture, where it was announced that the Johnstown
facility will receive investments of up to $117.5 million over seven years
from the Government of Canada in support of biofuels development. Mr. Brown
was joined at today's announcement by Robert Gallant, President and CEO,
GreenField Ethanol.
    "These investments, from both the ecoENERGY for Biofuels and the ecoABC
programs, will help GreenField Ethanol in our committed vision to help broaden
Canadian's fuel choices through the use of innovative technologies and
disciplined leadership," said Bob Gallant. "Not only will they strengthen the
Johnstown community by supporting our plant facility, by saving jobs and by
creating economic growth, they will also ensure an ongoing market for local
area farmers."
    GreenField Ethanol's Johnstown facility will be receiving up to $110.2
million over seven years through Natural Resources Canada's ecoENERGY for
Biofuels program. This program provides an operating incentive - based on
production levels - to Canadian producers of renewable alternatives to
gasoline and diesel.
    GreenField will also be receiving $7.3 million in repayable funding
through Agriculture and Agri-Food Canada's ecoAgriculture Biofuels Capital
(ecoABC), a $200-million initiative to increase Canadian renewable fuels
production capacity and help farmers participate in this emerging market
opportunity. Local farmers are investing a total of $8 million in this
project, which will provide them with a new source of revenue and also broaden
the economic base of the community.
    "Our Government is delivering results for families, farmers and
businesses in Johnstown," said Mr. Brown. "This funding will build market
demand for agricultural products and create economic opportunities in our
community while contributing to a healthier environment for all Canadians."
    Compared to gasoline, grain-based ethanol can reduce greenhouse gas (GHG)
emissions by up to 40 percent on a lifecycle basis. For biodiesel, the
emissions reduction can be as much as 60 percent.

    GreenField Ethanol Inc. (www.greenfieldethanol.com) is Canada's leading
ethanol producer. The company produces 550 million litres a year of ethanol at
its plants in Johnstown, Chatham and Tiverton, Ontario and Varennes, Quebec.
Another plant is in development in Hensall, Ontario. GreenField is actively
involved in the development of biochemical process technology to produce
cellulosic ethanol at its research facilities in Chatham, Ontario. The company
is also working with Enerkem Inc. to build thermochemical cellulosic ethanol
plants. GreenField's ethanol is available at more than 1,300 gas stations
across Canada.





For further information:

For further information: Megan Johnson, GreenField Ethanol, (647)
501-6556, Email: m.johnson@greenfieldethanol.com

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