This morning, at Lignol Innovations, in Burnaby, Premier Gordon Campbell announced that the provincial government will invest over $32.6 million in support of BC's biofuel and clean technology development.

As the industry association representing the province's bioproducts and bioenergy sectors, LifeSciences BC strongly supports this decision, and congratulates the provincial government in taking action to help foster the growth of this critical sector.

"We are extremely pleased with the support of our industry," commented Karimah Es Sabar, President, LifeSciences BC.

"The provincial government has clearly recognized the world-class and cutting-edge work of our local bioenergy companies, and that science, technology and innovation play a critical role in the future of the provincial economy, and in contributing to the betterment of our environment."

"The BC government is demonstrating strong leadership in the development of this pivotal life sciences sector, which impacts not only British Columbia, but Canada and the world," she added.

"The bioenergy sector is a cornerstone of our industry, and this support from government ensures it will continue to be so going forward. Life sciences touches all aspects of our ecosystem, from the medicines we use, to the food we eat, to the air we breathe, and the energy we use. Bioenergy and bioproducts are essential to this ecosystem."

As per the announcement, $32.6 million in funding was committed to help commercialize BC's clean, alternative energy technologies, reduce greenhouse gas emissions, and create about 1,200 jobs in over 30 BC communities.

The funds come from the Innovative Clean Energy Fund, plus $10 million to support the production of liquid biofuels with low greenhouse gas emissions.

LifeSciences BC member Lignol Innovations will receive $3.4 million of these funds to produce cellulosic ethanol and other products from under-utilized forest resources, especially beetle-killed lodgepole pine.

This and all of the investments announced will significantly enhance British Columbia's position as a leading bioenergy and clean technology centre.