TORONTO - Husky Energy said Thursday it will build a C$145 million (US$123 million) ethanol plant that will replace an existing 25-year-old facility.
The company said the plant, which is scheduled to be fully operational by mid-2007, will have production capacity of 130 million liters of ethanol per year.
The plant will be built on the site of Husky's existing plant at Minnedosa, Manitoba and is the company's second major ethanol facility.
Ethanol, made from grain or other plant sources, reduces greenhouse gas pollutants because the plants absorb carbon dioxides as they grow.
($US1=$1.17 Canadian)
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