|Name of recipient||Sustainable Development Technology Canada (SDTC) for the NextGen Biofuels FundTM *|
|Start date||April 1, 2007|
|End date||Agreement ends September 30, 2027|
|Strategic Outcome||2 – Natural Resource Sectors and Consumers are Environmentally Responsible|
Link to department’s Program Alignment Architecture
2.2 – Technology Innovation
2.2.3 – Clean Energy Science and Technology
SDTC is managing the NextGen Biofuels Fund™ (NGBF), which is designed to support up to 40% of eligible project costs to a maximum of $200 million per project for the establishment of first-of-kind, large-scale demonstration next-generation renewable fuel production facilities to encourage the future sustainability and success of renewable fuels. Next-generation renewable fuels are produced with non-conventional conversion technologies and derived from non-traditional renewable feedstocks, such as forest biomass, fast-growing grasses, and agricultural residues.
Of the $500 million** in total funding announced in Budget 2007, $200 million is statutory funding, and the remaining $300 million was made available by Parliament through a series of grants over the period 2008-09 to 2014-15. Government funding to SDTC’s NGBF is provided in equal amounts by Natural Resources Canada (NRCan) and Environment and Climate Change Canada (ECCC)**.The Fund is now valued at $225 million (the NGBF fund was originally $500 million) as $275 million in to the NGBF have been returned to the fiscal framework over multiple years due to lower than anticipated program uptake.
To date, SDTC has received payments totalling $67 million from Natural Resources Canada and Environment and Climate Change Canada.
|Total funding approved||250,000,000|
|Total funding received (from NRCan)||33,498,873|
|Planned funding in 2016−17||0|
|Planned funding in 2017−18||0|
|Planned funding in 2018−19||0|
|Summary of annual plans of recipient||SDTC Corporate Plan for 2016 released October 2015. Executive summary posted on www.sdtc.ca.|
* On November 4, 2015, an Order-in-Council designated the Minister of Industry (now the Minister of Innovation, Science and Economic Development) as the Minister for the purposes of the Canada Foundation for Sustainable Development Technology Act. As a result, resources allocated to this organization will be transferred to Innovation, Science and Economic Development Canada, thereby, reducing NRCan financial resources. The above financial table does not reflect this reduction. Until the transfer is complete, NRCan will continue to disburse funds from its reference levels toward both the SDTC’s NextGen Biofuels Fund and the SDTC Tech Fund. These disbursements will remain equally shared between NRCan and ECCC, with each department reporting its shares in its respective RPP and DPR.
** All NGBF disbursements to SDTC are split evenly between NRCan and ECCC.
- Date Modified: