$185 Million Biofuel Plant Will Mean ‘Major Changes’ For Canadian Town

Botwood is one step closer to an economic boost that the mayor hopes could bring financial stability to the central Newfoundland town and neighboring communities for decades to come. The Newfoundland and Labrador government has signed an agreement in principle with NewGreen Technologies for a proposed $185-million biofuel plant to be built in Botwood. “It’s […]

Botwood is one step closer to an economic boost that the mayor hopes could bring financial stability to the central Newfoundland town and neighboring communities for decades to come. The Newfoundland and Labrador government has signed an agreement in principle with NewGreen Technologies for a proposed $185-million biofuel plant to be built in Botwood.

“It’s hard to put into words,” Botwood Mayor Scott Sceviour told CBC News on Friday. “I think most importantly it’s going to be a huge benefit to the Exploits Valley and the central region, and of course the province as a whole.”

The agreement “focuses on the development of a comprehensive business plan from NewGreen Technology Inc. and potential fiber arrangements to be provided by the government to support the project,” according to a statement from the Department of Fisheries, Forestry and Agrifoods.

The plant could mean between 400 to 600 jobs to the region during construction, and 150 full-time jobs during production. Sceviour says the province has been able to allocate the wood needed for the biofuel plant to operate. It’s now up to NewGreen Technologies Inc. to provide a business plan and to secure funding.

He expects big changes if the project goes ahead. “We’re not going to be that quiet little, quaint town anymore,” said Sceviour. “We’re going to be more vibrant. You’re going to see some major changes, some major construction and of course some commercial activity within the town — which is positive, and that’s the way we got to look at it.”

From CBC News: http://www.cbc.ca/news/canada/newfoundland-labrador/biofuel-botwood-agreement-in-principle-province-1.3987650

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