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Renewable chemicals company receives $22.1 million in federal funding

Don Horne   

News

Two federal ministers were at Ecosynthetix in Burlington, Ont. to announce Ottawa’s investment of up to $11.2 million to the Bioproducts Cluster under the Canadian Agricultural Partnership.
“Our Government is proud to support the growth of the agricultural bioeconomy and to provide added value to the agricultural sector by helping create more bio-based products and opening alternative markets for Canadian farmers.” said Marie-Claude Bibeau, Minister of Agriculture and Agri-Food. “Supporting cutting-edge research and investing in this project will help reduce harmful emissions, provide new opportunities for farmers, drive good jobs and grow the clean economy.”
The cluster, led by Bioindustrial Innovation Canada, will include an additional $10.9 million in contributions from industry, for a total investment of $22.1 million.
The cluster will support cutting-edge research to develop new applications for farm crops and residues; from energy, to chemicals, to industrial products. One of the projects that will be supported includes an investment of up to $2 million to Ecosynthetix, a renewable chemicals company specializing in bio-based materials, to develop new green resins for adhesive binders in wood products. This could potentially benefit the environment by providing the construction industry with a greener building product.
“Ecosynthetix is an important partner in Canada’s transition to a more sustainable, low-carbon economy,” said Karina Gould, Minister of Democratic Institutions and Member of Parliament for Burlington. “As a leader in biochemical innovation, they continue to provide opportunities for job growth and economic development here in southern Ontario, while creating new markets for Canada’s farmers.”
The goal is to provide alternatives to non-renewable based materials that will help meet Canada’s commitment to reducing Greenhouse Gas (GHG) emissions and shift towards a renewable-based economy.




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