Federal government invests $2M in opening of Thunder Bay TMP-Bio plant
The government of Canada today announced $2 million for FPInnovations at the opening of its thermo-mechanical-pulp bio-refinery (TMP-Bio) plant in Thunder Bay, Ont.
According to a government news release, the government had previously announced $5.8 million in funding for the pilot facility to accelerate the development, production and commercialization of green bio-chemicals derived from sustainably sourced wood.
The additional $2 million – provided through Natural Resources Canada’s Clean Growth Program – will support the development of the process, which involves converting wood sugars to biomaterials.
“FPInnovations welcomes Natural Resources Canada’s support towards clean innovation in the Canadian forest sector. This investment demonstrates the enormous potential of our forest sector and paves the way for a stronger bio-economy. In collaboration with our partners, we will demonstrate the strength of our industry in finding environmental solutions that will benefit future generations,” said Stéphane Renou, president and CEO of FPInnovations, in a statement.