Investment in clean tech in Quebec
Feb. 17, 2015, Quebec City - The Honourable Greg Rickford, Canada's Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario, today announced funding totalling over $29.5 million to support the development of clean technologies in Quebec. The funding was provided through Sustainable Development Technology Canada's (SDTC) SD Tech Fund in support of six projects that will further the Government of Canada's goal of creating and protecting jobs and opportunities.
Included in the announcement, CelluForce Inc. will receive $4,004,000 to improve and optimize their process to extract nanocrystalline cellulose (CelluForce NCC) from dry wood pulp and ultimately develop applications for the oil and gas sector. Orbite Aluminae Inc. will receive $4,500,000 to further a process that turns waste into marketable products including elements essential to manufacturing aluminum. The SD Tech Fund supports projects that address climate change, air quality, clean water and clean soil, providing solutions to key Canadian industries that increase efficiency and enhance environmental responsibility.
In Budget 2013, the Government of Canada provided SDTC with an additional $325 million over eight years to continue supporting the development and demonstration of new, clean technologies that create efficiencies for businesses and contribute to sustainable economic development.