OTTAWA, Ontario, Nov. 30, 2017 (GLOBE NEWSWIRE) -- Renewable Industries Canada (RICanada) applauds the publication of draft amendments to Ontario’s Ethanol in Gasoline Regulation by the Ontario Ministry of the Environment and Climate Change (MOECC).
The ambitious changes would increase the mandated volume of ethanol in regular gasoline from 5% to 10% by 2020. Additionally, the ethanol used must emit at least 35% fewer greenhouse gas (GHG) emissions on a lifecycle basis than petroleum gasoline. Lifecycle modelling is to be calculated using GHGenius version 4.03. Canadian ethanol reduces GHGs by 62% compared to gasoline, leading to even greater GHG reductions.
Jim Grey, Chair of RICanada and CEO of IGPC Ethanol Inc., commended the Ontario Government’s approach: “In moving to a 10% ethanol requirement, Ontario is showing leadership in the fight against climate change. This policy will generate a substantial reduction in GHG emissions, while creating jobs and economic growth. This is what clean growth is all about.”
“Ethanol is the cleanest, cheapest way to reduce carbon in gasoline available today,” said Howard Field, President and CEO of Greenfield Global. “Coupled with its cap and trade program, the proposed increase of Ontario’s ethanol mandate to 10% starting in 2020 will help the province achieve its GHG emission targets while ensuring continued local investment, innovation, and job creation.”
An October 2017 study by Doyletech Corporation found that the economic impact of increasing the provincial ethanol mandate to 10% ethanol will contribute an additional $638 million per year to Ontario’s economy.
About RICanada:
Founded in 1984, Renewable Industries Canada (RICanada) is a non-profit organization with a mission to promote the use of value-added products made from renewable resources through consumer awareness and government liaison activities.
For more information please contact:
Alison Matthews
Executive Director, Renewable Industries Canada
a.matthews@ricanada.org
T: 416.471.5332
Twitter: @renewcan
www.ricanada.org