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September 25th, 2006Committee meeting

Kory Teneycke

Finance committee  It's 10%, and at 10% you don't have any change. It's not that 10% is 2.5% because 85% is 25%; it doesn't work like that. Because of the higher octane level of ethanol, at 113, it boosts the octane level of the rest of the gasoline. That offsets the energy loss when you're looking

September 25th, 2006Committee meeting

Kory Teneycke

Finance committee  All right.

September 25th, 2006Committee meeting

Kory Teneycke

Finance committee  Yes, depending on what rate you blend it at. Ethanol has a lower energy value than petroleum. That's not to be mistaken for energy balance, which is how much energy you get out of it versus how much it takes to produce it; that's positive, at about twice as much energy out. But t

September 25th, 2006Committee meeting

Kory Teneycke

Finance committee  You'll notice that those plants aren't being built in Canada. There are about two plants a month being built in the United States right now, with countless plants in Brazil and other countries. Despite the past government's ethanol expansion program, which found 14 projects that

September 25th, 2006Committee meeting

Kory Teneycke

Finance committee  That's right.

September 25th, 2006Committee meeting

Kory Teneycke

Finance committee  Thank you very much. Let me make this very quick. Members of the committee, thank you for the opportunity to appear as part of your pre-budget consultations. I'm here today to make a case for reducing the tax burden of the ethanol and biodiesel industry to a level that is comp

September 25th, 2006Committee meeting

Kory Teneycke

Natural Resources committee  I think Jack just made the point I was going to raise. The reason there's such a variation and why you've seen different numbers is that it's very affected by what feedstock was used to make the biodiesel. And even those have their pluses and minuses. The rendered animal fats hav

June 15th, 2006Committee meeting

Kory Teneycke

Natural Resources committee  The CGSB is looking at these issues. They have a B1 to B5 standard in place. The ASTM is looking at the cold flow issues as well. The Europeans are. It looks like the North American standards are going to tighten a bit and the European standards may loosen a bit, and we may have

June 15th, 2006Committee meeting

Kory Teneycke

Natural Resources committee  Yes. I'll give one illustration of what Alain's talking about. Jesse referred to it earlier as well; it is this problem with commercialization. Many of the members of this committee have toured the facility at Iogen. It is state-of-the-art technology; it's getting press all a

June 15th, 2006Committee meeting

Kory Teneycke

Natural Resources committee  Yes, I think it's going to be very regionally specific. More of these fuels will be produced in areas closer to where their feedstocks are. So you're correct in pointing out that this is a bigger story on the prairies than it's going to be in the Maritimes. However, that's not to

June 15th, 2006Committee meeting

Kory Teneycke

Natural Resources committee  Surprisingly, I don't think the issue with potatoes is so much energy intensity as it is that the starch content of potatoes is a lot lower than it is for corn and wheat. So I think it's less an issue of energy intensity and more an issue of feedstock supply and volume. It takes

June 15th, 2006Committee meeting

Kory Teneycke

Natural Resources committee  Well, maybe I'll talk about the ethanol expansion program, because it's something we're working on very closely with the government right now. I think the ethanol expansion program was captured, along with many other government spending programs where the money hadn't actually r

June 15th, 2006Committee meeting

Kory Teneycke

Natural Resources committee  Mr. Chair, on that point, we've done some modelling on capital cost allowance. I think for our industry, it's a little different. It depends on what technology you're looking at and how high your capital costs are, versus how high your operating costs are. Some of these technolog

June 15th, 2006Committee meeting

Kory Teneycke

Natural Resources committee  I think the biggest change has more to do with the price of crude globally than it does with one government or another. Going into the last campaign Liberals, Conservatives, and NDP had virtually identical policies for our sector, so there's been a fairly strong consensus around

June 15th, 2006Committee meeting

Kory Teneycke