Highbury is greatly encouraged by a new BC Government report that foresees a sharply rising demand for biofuels and suggests a bright future for companies that can satisfy it.
The 66-page report, entitled Clean BC: our nature, our power, our future, outlines the current government’s environmental goals and the legislation it has designed to achieve them. The province’s Renewable and Low Carbon Fuel Standard, for example, calls for a 20 percent reduction in the carbon intensity of fuels by 2030 – double the minimum of 10 percent mandated for 2020.
The report says 10% of gasoline and 40% of diesel from biofuels by 2030 – 650 million litres per year – could be part of the solution. Highbury management believes that its release strongly affirms and vindicates the validity of our commercial roll-out, whose next step is a full-scale Demonstration Plant built in concert with our design and manufacturing partners.
The report notes that as a producer of vast amounts of organic waste from forestry, agriculture municipalities and other sources, BC is well positioned for biofuel production.
The report also mentions potential employment benefits arising from the production process. “Refining our own renewable fuels, with BC materials and BC workers, will lead to job growth and reduce the need to import fossil fuels and feedstock from other jurisdictions,” it says.
With our ultra-efficient conversion process, we expect to be playing a leading role in meeting BC’s biofuel needs.