Canadian foundation funds 2 bio-coal projects
Sustainable Development Technology Canada has awarded $61.8 million in funding to 23 clean energy projects, including two biomass projects, through its SD Tech Fund. The announcements were made in mid-February by the Joe Oliver, Canada’s Minister of Natural Resources, and Peter Kent, Minister of the Environment.
“Our Government is doing its part to encourage innovation and the next wave of clean technologies to help protect our environment and create high-quality jobs,” Oliver said. “Investment in projects such as these demonstrates our leadership in driving a vibrant clean technology industry in Canada.”
“Our Government’s investments in clean technologies are supporting innovation, jobs and Canada’s rapid transition toward a greener future,” Kent added. “These new projects can only strengthen our position as a global leader in clean technology—something all Canadians can be proud of.”
Laval, Quebec-based Airex Industries was awarded $2.7 million for a biomass torrefaction demonstration plant. According to information published by SDTC, the company has developed a torrefaction technology to produce bio-coal from waste biomass.
Ciacarbon Energy Inc. of Burnaby, British Columbia, has received a $1 million SDTC investment. The company’s thermal biomass refinery uses a slow chemical process to convert biomass into bio-coal, bio-oil and syngas.
“SDTC is proud to add these projects to its portfolio, now valued at more than $2 billion,” Vicky Sharpe, SDTC president and CEO. “When purchased and used by Canadian industry, these technologies will enable a variety of sectors to increase their share of global markets. As Canada works to diversify its export markets, working with new trading partners in emerging countries, these innovative technologies will help make Canadian natural resources and products more globally attractive and competitive.”