What are the repayment terms under the ecoABC Initiative?
Repayment will be determined by a project’s profitability. Repayment will begin on January 1, three years after the facility begins producing at its annual production capacity (nameplate capacity), and will continue for seven subsequent years or until repayment totals the amount of the original contribution to the recipient, whichever comes first. For each calendar year, the recipient will repay an amount calculated as of December 31st of each year as follows: (Average Gross Income Per Litre – $0.20 per litre) X the total biofuels produced in the previous twelve months X 0.25. If the Average Gross Income Per Litre is $0.20 or less, the repayment for that year will be zero.
