Grants and Contributions:
Title:
Biofuels Production Incentive for VERBIO Diesel Canada Corporation
Agreement Number:
BPI-0001
Agreement Value:
$56,099,983.00
Agreement Date:
Jul 7, 2026 - Jun 30, 2028
Description:
The purpose of this agreement is to support VERBIO Diesel Canada Corporation in the production of biodiesel volumes that are eligible for funding under the Biofuels Production Incentive Program, in accordance with the program's terms and conditions and all applicable regulatory requirements.
Organization:
Natural Resources Canada
Expected Results:
This Project will help provide cost certainty and product reliability for consumers, boosting the value of Canada’s clean fuels sector.
Location:
WELLAND, Ontario, CA L3B 6A7
Reference Number:
115-2026-2027-Q2-18917
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
711384511
Recipient Type:
For-profit organization
Additional Information:
Grant or contribution awarded and spanning more than one fiscal year.
Amendment Date
0001-01-01T00:00:00
Recipient's Legal Name:
VERBIO DIESEL CANADA CORPORATION
Program:
The Biofuels Production Incentive Program
Program Purpose:
The objectives of this program are to provide an incentive to eligible facilities that produce biodiesel and renewable diesel in Canada based on production volumes, use of North American Feedstocks, and domestic offtake.
Amendments: