b'Why is COPA so interested in this area? What could this mean in terms of use of canola in Biofuels are a proven and viable solution tobiofuels? decarbonize transportation fuels in the here andWe see the potential for canola use in biofuels now, as Steve said. When we talk about biofu- to grow from about two million metric tonnes els derived from crops like canola, they have a(seed equivalent) in 2020, to about six and a half Chris Vervaet lower carbon footprint than conventional dieselmillion metric tonnes by 2030. We see produc-Executivefuel. When you talk about canola specifically, ittion continuing to increase, farmers continuing Director,has a lower carbon footprint of up to 90 per centto be able to get better yields on their land. We Canadiancompared to conventional diesel fuel. Some ofhave a high level of optimism that well continue Oilseedthe biofuels that people are familiar with includeto see productivity gains for canola, reaching Processorsethanol and biodiesel. Biodiesel, of course, canproduction volumes of about 29 million metric Associationbe made from canola.tonnes by 2030. Of course, when you take 6.5 (COPA) million tonnes used for biofuels by 2030, and How will the Clean Fuel Regulations bolster theabout 29 or 30 million metric tonnes of produc-oilseeds sector? tion between Canada and the U.S. by 2030, thats In order to get biofuels uptake, and to have astill about only a quarter of our canola being market for biofuels, we need policy and regula- used towards biofuels. The rest of our canola will tions like this. We see demand for biodiesel andcontinue to be used for traditional purposes, as a renewable diesel between Canada and the U.S.food and feed ingredient.at roughly 11 billion litres today. Fast forward to 2030, we see the potential for that to grow toCould we see new varieties bred specifically for just over 17 billion litres. By 2025, we could seebiofuel use?renewable diesel production capacity be close toWere just starting to ask some of those ques-18 billion litres in the United States.tions and have those conversations in terms of Not to be outdone, Canada has started to seewhats feasible as it relates to higher oil content. opportunities arise. Right now we have close toTheres a trade-off. If youre going to have higher zero production capacity for renewable dieseloil content, what does that mean in terms of in Canada. In five years that capacity couldprotein content? We want to make sure we have explode to about four billion litres in this coun- maximum value there. We also dont want to try, which is being led by some of the big energycompromise yield. Bushels per acre is important. players like Imperial, Tidewater and Parkland.We need to check all the boxes in terms of main-They are starting to make big announcements,taining protein, maintaining and increasing yield, big investments in renewable diesel, not onlyand also driving higher oil content if possible. It because theyre required to under the Clean Fuelcould also pave the way for other oilseeds like Regulations, but they also see its one of the bestcamelina, carinata and pennycress.ways to decarbonize fossil fuels.What does this mean for crush expansion?Major announcements have been made in Canada by Richardson, Viterra, Cargill, and Federated Co-op/AGT with regards to canola processing. If all of those processing plants come to fruition as announced, that could grow crush capacity by close to six million metric tonnes by around 2027. And that would make the entire industrys crush capacity grow by about 50 per cent. Weve never before seen that type of expan-sion taking place here in Canada.NOVEMBER 2022GERMINATION.CA 33'