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Clean Fuels Fund – Building New Domestic Production Capacity | Natural Resources Canada (NRCan)

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Value

For capital projects the Program will provide up to 30% of total project costs up to a maximum of $50M.

Description

Canada’s clean fuels industry must significantly increase its current capacity to fulfill its critical role in achieving our net-zero future. To do this, it will be essential to overcome the barrier of the upfront capital investment that industry requires to develop new clean fuel production facilities and increase capacity.

To address this issue, the Clean Fuels Fund provides the investors with cost-shared, conditionally repayable funding. This financial support aims to help build new clean fuel production facilities or retrofit or expand existing ones in Canada.

Eligible Applicants

To be considered for funding under the Program, applicants must be a legal entity validly incorporated or registered in Canada including not-for-profit and for-profit organizations.

Eligible Expenses

Funding the build-out of new production capacity will:

  • grow the domestic production capacity for clean fuels including clean hydrogen, advanced biofuels, renewable natural gas, and sustainable aviation fuel, across Canada
  • offer new opportunities for Canada’s energy sector in the transition to producing cleaner sources of energy
  • support Canada’s efforts to reach net-zero by 2050
  • position Canada globally to reap economic, environmental, and social benefits of the energy transition

Deadline Date

The program is currently accepting proposals.

Contact

Contact Name: Clean Fuels Funds

E-mail Address: cleanfuelsfund-fondsdecarburantspropres@nrcan-rncan.gc.ca

Website: https://natural-resources.canada.ca/energy-sources/clean-fuels/clean-fuels-fund-building-new-domestic-production-capacity

Industry:

Energy & Environment, Non-Profit

Location:

Alberta, British Colombia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Nunavut, NWT, Ontario, PEI, Quebec, Saskatchewan, Yukon

Tags:

Clean Energy

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