Clean Fuels Fund: Building new domestic production capacity
To address this issue, the Clean Fuels Fund provides the investors with cost-shared, conditionally repayable funding. This financial support aims to help build new clean fuel production facilities or retrofit or expand existing ones in Canada.
Additionally, the fund provides non-repayable funding for feasibility studies, basic engineering studies and detailed front-end engineering studies for new facilities, expansions or conversions of existing facilities.
Offered by Natural Resources Canada (NRCan)
Amount
General Stream capital projects: up to $50M, to a maximum of 30% of total project costs; Indigenous-led Projects Stream capital projects: up to $50M, to a maximum of 50% of total project costs; Feasibility or FEED studies: up to $5M per study, to a maximum of 75% of total project costs, under both streams
Quick eligibility check
Who can apply
To be considered for funding under the Program, applicants must be a legal entity validly incorporated or registered in Canada including not-for-profit and for-profit organizations.
About the funding
To address this issue, the Clean Fuels Fund provides the investors with cost-shared, conditionally repayable funding. This financial support aims to help build new clean fuel production facilities or retrofit or expand existing ones in Canada.
Additionally, the fund provides non-repayable funding for feasibility studies, basic engineering studies and detailed front-end engineering studies for new facilities, expansions or conversions of existing facilities.
For capital projects, repayment will be required when the project starts to generate profit and for a period of up to ten (10) years from the commissioning date. The recipient's repayment amount will be determined annually based on profit for that year. Total Canadian government (includes federal, provincial, territorial, and municipal governments and agencies) contributions may not exceed 75% of total project costs, except in the case where the recipient is an Indigenous Business or Community, or not-for-profit, in which case, the total Canadian government funding authorized will not exceed 100% of total project costs.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| AgriScience Program – Projects | Grant, In-Kind Support | Up to $5 million per project and $10 million per applicant over the program's duration (2023 to 2028) | Open |
| BDC Small business loan | Loan | Up to $350,000 per BDC Small Business Loan: up to $100K (up to 6 months interest-only payments, 5-year amortization) or over $100K and up to $350K (up to 12 months interest-only payments, up to 8-year amortization) | Open |
| Building Retrofits Initiative (BRI) | Loan | No fixed amount | Open |
| Canadian Agricultural Strategic Priorities Program | Grant, Loan | AAFC contribution normally not exceeding $1 million per project, generally not more than $5 million over 5 years for each applicant | Open |
