/24-7PressRelease/ - VARENNES, QUEBEC, April 06, 2007 - Minister of Finance Jim Flaherty and Secretary of State (Agriculture) Christian Paradis toured the plant today with GreenField Ethanol's President and CEO Robert Gallant.
GreenField's Varennes plant will produce 120 million litres of ethanol each year from 12 million bushels of Quebec-grown corn. The Varennes plant is GreenField's third plant in operation in Canada. Two others are located in Chatham and Tiverton, Ontario, and two more are under construction in Johnstown and Hensall, Ontario, and scheduled to be operating in 2008.
GreenField Ethanol will be one of the top producers in North America with five operating plants, producing more than 700-million litres of ethanol per year by 2008.
"We are extremely proud to be the pioneer of ethanol production in Quebec," said Gallant. "The recent federal government's budget commitment to provide $2 billion to renewable fuels is a tremendous boost to the industry, both in Quebec and across the country."
The ethanol produced at GreenField's Varennes plant will be available at Petro-Canada stations across the province. "Our ethanol will provide consumers with a fuel that is cleaner and more beneficial to the environment," said Gallant.
Bernard Marin, Vice-President of Pro-Éthanol, was also on hand to welcome the Minister of Finance. Pro-Ethanol represents 500 corn farmers from Quebec's five main corn-growing regions.
"Through Pro-Ethanol, hundreds of Quebec farmers have invested in GreenField Ethanol's Varennes plant, " said Marin. "We are excited that this ethanol plant will provide a new market for 12 million bushels of Quebec corn."
GreenField Ethanol, formerly Commercial Alcohols, is Canada's leading ethanol producer. The company produces 250-million litres a year of corn-based fuel ethanol at its plants in Chatham and Tiverton, Ontario and Varennes, Quebec. Two more plants are under construction in Hensall and Johnstown, Ontario, and will be operational in 2008. GreenField Ethanol will be one of the top producers in North America with five operating plants, producing more than 700-million litres of ethanol per year by 2008. GreenField's Ethanol is available at more than 1,500 gas stations across Canada.
For more information visit the GreenField Ethanol website at http://www.greenfieldethanol.com
For further information:
Melanie Gruer
Director of Communications
GreenField Ethanol
Cell: (416) 902-0595
Email: m.gruer@greenfieldethanol.com
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