Benefuel looking to British Columbia for new biodiesel facility

Benefuel Inc. responded to British Columbia’s recently publicized climate change plan that included an expanded Low Carbon Fuel Standard by announcing Dec. 11 that it has begun a site search and discussions with interested parties on a few specific locations for Benefuel’s next state-of-the-art biodiesel facility. This announcement has assisted Benefuel in prioritizing its expansion efforts, given that British Columbia has specific target volumes for biodiesel blending and carbon reductions as well as enticing funding support. 

“BC’s LCFS and climate change strategy have made BC a very attractive jurisdiction to locate and invest in a biodiesel facility,” said Rob Tripp, CEO of Benefuel. “Our company and our shareholders are committed to building a world-class biodiesel facility in Canada in the most attractive jurisdiction.”

Benefuel will immediately begin the search for a suitable location in British Columbia to build a 150 MMly (40 MMgy) plant. Benefuel’s refining process is one of the most capital-efficient refining solutions for carbon reduction in liquid transportation fuels.

The fuel produced at this facility will have a negative carbon intensity score and is capital efficient. Every dollar of invested capital in Benefuel provides more than four times the greenhouse gas (GHG) reduction compared to ethanol or hydrotreated renewable diesel and will displace any international competitors.

The total project, which will produce roughly 150 million liters annually, will reduce GHG emissions by more than 550,000 metric tons per year, which is equal to roughly 10 percent of British Columbia’s 2030 target reduction for transportation as detailed in the CleanBC Report. 

Benefuel is an alternative energy company focused on producing fuels, lubricants and chemicals derived from nonfood-related fats and oils and is committed to the principles and practices of sustainability. Benefuel shareholders include both Suncor and Koch Industries, which are supporting Benefuel’s efforts to build a world-class biodiesel facility in Canada.