uAlberta startup receives major investment to build biofuel plant

March 23, 2016

Canada has invested $4.2 M to help a University of Alberta biofuel startup build a $12.7 M production plant. The company, Forge Hydrocarbons, received the grant from Sustainable Development Technology Canada. Lead Scientific Adviser David Bressler has been working to convert animal fats and cooking grease into fuel for the past twelve years, and he deems the funding to be “a huge validation. It’s capital investment. It’s not a research project anymore.” The design stage for the new biofuels plant is projected to begin later this year after its location is finalized. uAlberta