SaskBIO

PROGRAM OVERVIEW

The Saskatchewan Biofuels Investment Opportunity (SaskBIO) Program, administered by the Ministry of Enterprise and Innovation (EI), is a four-year, $80 million provincial program that provides repayable contributions of up to $10 million per project for the construction or expansion of transportation biofuels production facilities in Saskatchewan.

Corporations (including co-operatives), individuals or partnerships are eligible to apply for funding.  To be eligible, applicants must meet the following requirements:

• program applicants must have a minimum of five per cent Saskatchewan ownership in their project; and
• the minimum annual production capacity of a new facility or the increased capacity of an existing facility must be at least two million litres per year.

Funding is based on a rate that increases with the level of eligible Saskatchewan investment.

PROGRAM MANDATE

SaskBIO was created to provide an opportunity for farmers and communities to participate in value-added biofuel production in Saskatchewan through investment ownership in biofuels facilities.  The program will ensure that Saskatchewan is an attractive jurisdiction in which to build a sustainable biofuels industry.

PROGRAM GOALS

• To create more jobs and economic spin-offs in rural Saskatchewan.
• To create new markets for Saskatchewan agricultural producers.
• To create increased activity in the Saskatchewan economy.
• To create the opportunity to decrease our impact on the environment.

More information on the SaskBIO program:

• Program Guidelines
• Administration Details
• Application Information
• Approved Applicants

Contact:

SaskBIO Program
Ministry of Enterprise and Innovation
200, 3085 Albert Street
Regina, SK S4S 0B1
E-mail: SaskBIO@gov.sk.ca  
Telephone: 306-787-4484