Canadian biofuels producers are threatening to build their next projects in the United States to cash in on rich subsidies for clean fuel and stay competitive, a move that could cost Canada C$10 billion ($7.5 billion) of investment and undermine Prime Minister Justin Trudeau's efforts to build a greener economy.
. But Canada's location bordering the United States makes it especially vulnerable to a possible future flood of cheaper U.S. biofuels, said Ian Thomson, president of Advanced Biofuels Canada.
The companies considering investment in the United States include Arbios Biotech, a joint venture of forestry company CanforArbios, which is building a demonstration bio-oil plant in British Columbia, will consider a U.S. location for its planned commercial plant unless Ottawa narrows the gap in financial support, said chairperson Don Roberts.
Canadian companies collecting lower subsidies may have to charge more for their fuel than U.S. producers to make similar profits, and may be outbid for feedstocks used in production, such as canola and restaurant grease, Thomson said.Biofuels companies are pressing Ottawa to increase supports in the next fiscal update, expected late this year.
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