The Technology Innovation and Emissions Reduction (TIER) fund is supporting a new facility in southern Alberta that will create jobs and cut emissions by transforming agricultural waste.
Alberta’s government is using $4.7 million from the TIER fund through Emissions Reduction Alberta to create a $28.6-million facility in Lethbridge County that will produce an estimated 70 million litres of high-value renewable fuel. This facility will be the first of its kind in Canada, turning local agricultural waste, inedible animal fats and used cooking oil into biodiesel fuel and glycerin.
The facility will buy more than $375 million of local feedstock from farmers over the next five years, generating about $500 million in revenue and supporting up to 130 local jobs in fields like engineering, construction and transportation. It will also cut about 224,000 tonnes of emissions each year – the same as reducing emissions from the electricity used by 41,000 homes.
The TIER system is funded by large industry that pay into the fund when they do not meet emissions targets. Alberta is using the TIER fund for a range of programs that are reducing emissions, boosting the economy and getting Albertans back to work.
- The new Canary Biofuels facility is expected to be operational by fall 2021.
- TIER helps industrial facilities, which account for more than 60 per cent of Alberta’s total emissions, find innovative ways to reduce emissions and invest in clean technology to save money and stay competitive.
- Emissions Reduction Alberta invests revenues from TIER to accelerate the development and deployment of innovative clean technology solutions.
- Since 2009, Emissions Reduction Alberta has committed $649 million toward 204 projects worth $4.5 billion that are reducing emissions, creating competitive industries and leading to new business opportunities in Alberta. These projects are estimated to deliver cumulative reductions of almost 35 million tonnes of emissions by 2030.