Article

The Canadian government's announcement of a $370 million biofuel production incentive has elicited mixed responses from the canola industry. While some stakeholders, like the Advanced Biofuels Canada Association, welcomed the initiative aimed at enhancing competitiveness against U.S. producers benefitting from the 45Z tax credit, others criticized it as insufficient. The measures, which include per-litre incentives for renewable diesel and biodiesel, are intended to support domestic production and address the challenges posed by closures of foreign markets, particularly China.