IGPC to receive $3.7-million federal loan
Aylmer’s IGPC ethanol plant will receive an interest-free $3.7-million loan from the federal government, part of a $10-million technology investment that will increase the facility’s production by 10 percent.
The announcement was made Tuesday afternoon, Feb. 10 by federal Agriculture Minister Gerry Ritz at the Integrated Grain Processors Cooperative (IGPC) ethanol plant in Aylmer.
The federal government loan, from Agriculture and Agri-Food Canada’s AgriInnovation Program, would go towards a total $10-million investment for the installation of Canada’s first Fibre Separation Technology (FST) system at the Aylmer ethanol plant that, once operational in mid-May, will help boost production through operational efficiencies.
Read more in the Wednesday, February 11, 2015 print edition or the online e-edition.