Tax credit program attracts investment by biofuels company

Canary Biofuels has qualified for a $1.7-million tax credit under Alberta’s Agri-Processing Investment Tax Credit program for constructing a cold press oilseed crushing plant in Lethbridge. The company is investing $18 million in the project that is expected to create 40 permanent and 25 temporary jobs, process 200,000 tonnes of seed per year and produce value-added products such as canola oil and meal. This is just the latest example of how the province is attracting job-creating investment to diversify Alberta’s economy.