Increased manufacturing capacity required to meet 2011 federal government biodiesel target
TORONTO, Dec. 14 /CNW/ - Energy Innovation Corp. (EIC), Canada's leading biodiesel innovator, announced today that it plans to open the City of Toronto's first biodiesel manufacturing facility in the port lands. Working with Invest Toronto and the property owner, Toronto Port Lands Company (TPLC), EIC has selected an existing 8,600 square foot facility on Unwin Avenue to produce market-ready biodiesel and meet the federal government's renewable fuel target.
Canada currently produces just over 200 million litres of biodiesel annually. In 2011, the country's demand will expand to over 650 million litres to meet projections based on the Canadian Government's new regulation requiring diesel fuel and heating oil to contain an average of two per cent biodiesel.
EIC's first full scale manufacturing plant, to open in spring of 2011, will have the capacity to produce over 10 million litres of biodiesel per year. The domestic production of biodiesel will provide the opportunity to meet Canada's mandate without relying on imports, and reduce CO2, soot emissions and green house gases by 99 per cent.
"We are excited to bring the technology that will ensure Canada meets its federal biodiesel mandate to Toronto," said EIC CEO Jon Dwyer. "Setting up our first plant in the Toronto port lands will allow us to partner with the right organizations, such as the City of Toronto, waste management companies and local train operators, to meet this demand and help the city emerge as a player in the burgeoning green energy industry."
The facility will create 12 full-time positions in the port lands. The Unwin Avenue facility is the first of eight EIC biodiesel production centres to be located around the province.
"We are pleased to welcome Energy Innovation Corp. as TPLC's newest tenant," said Mike Williams, Chair, Board of Directors, Toronto Port Lands Company. "Innovative manufacturers in the green fuel industry have the capability to enhance the City of Toronto's economic competitiveness and we are proud Toronto's port lands are becoming an emerging location in the City where these businesses are beginning to recognize the inherent benefits of being close to the downtown core and the waterfront."
The production of biodiesel produces no harmful emissions. Biodiesel is biodegradable, renewable, non-toxic and essentially sulphur free. It is a clean-burning fuel that can run any diesel engine, from trains, buses and waste management vehicles to generators and furnaces, without any engine modification. Due to its organic and reusable nature, EIC's biodiesel is sold below the cost of petro-diesel and is stable enough to be shipped through parcel services.
EIC manufactures its biodiesel from Ontario grown flax seeds and locally collected used coffee grounds. Currently, Canada produces 56 per cent of the world's flax. Flax offers a diversity of applications and is hardy in nature. Since flax oil becomes rancid and inedible when heated, it has a very limited use. Biodiesel from flax is better suited to cold winters than petro-diesel.
"EIC is dedicated to building community applications for the biodiesel industry and accessing Ontario agriculture to help cities like Toronto reduce emissions and provide jobs for local residents," said EIC Director of Agriculture, Daniel Popper.
About Toronto Port Lands Company
The Toronto Port Lands Company is the largest property owner in the port lands with over 400 acres in its portfolio. TPLC adds value and contributes to the City of Toronto's new model for enhanced economic competitiveness by being a proactive property manager and facilitator of development in the port lands. TPLC does this by determining the best economic return for its lands, creating employment and contributing to the broader City Building goals. For more information, visit www.tplc.ca.
About Energy Innovation Corp.
Energy Innovation Corp. is an Ontario fuel and food producer. EIC processes Ontario grown flaxseed into food, fuel and animal feed; solving the 'food vs. fuel' dilemma. EIC uses Ontario developed technology and knowledge to create a renewable fuel for Ontario communities. Flax flour is a healthy, omega-3 rich, high protein food source. Flax animal feed contains omega-3 fatty acids that help create omega-3 rich foods such as eggs, meat and milk. To learn more please visit www.energyic.ca.
For further information: For further information: