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Promising Green Technologies Get Government of Canada Support

ID: 1025580

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 07/28/11 -- The Government of Canada is showing its commitment to a green Canadian economy with a $53 million investment to help 17 new clean technology projects from across the country reach commercialization. The announcement was made today by the Honourable Joe Oliver, Minister of Natural Resources, and Sustainable Development Technology Canada's (SDTC) President and CEO Vicky Sharpe.

"Through our support for cutting-edge clean energy technology we are creating high-quality jobs and protecting our environment," said Minister Oliver. "These projects demonstrate our leadership in driving technology innovation to help create a vibrant clean energy industry in Canada."

"Canada's green future lies on the intersection of the economy and the environment, and technologies like the ones receiving funding as part of this round can play a vital role in bringing these two crucial elements together," said SDTC Chair Juergen Puetter. "In addition to the obvious environmental benefits they can bring, they also have the potential to stimulate our economy in the short and long term."

The 17 innovative clean technologies involve many of Canada's main economic sectors. Some highlights of this round include:

SDTC's SD Tech Fund™ has completed eighteen funding rounds, committing $548 million to 223 clean technology projects. These figures include adjustments made to the portfolio.

"The benefits of clean technologies for Canadians are clear. However, the impact of innovation comes through commercialization: only when R&D reaches the market does it begin delivering results," said Vicky Sharpe, SDTC President and CEO. "By helping promising clean technologies like the ones joining our portfolio today reach the market faster, SDTC is ensuring that Canadians can enjoy their economic and environmental benefits sooner."

The newly funded projects are representative of the investment priorities established in the SD Business Cases™, a series of six reports published by SDTC and which provide strategic insights into specific economic sectors (available in the Knowledge Centre section of the SDTC website at ).





About SDTC

SDTC is an arm's-length foundation created by the Government of Canada as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians.

SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.

SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.

Detailed information on the 17 projects, including their descriptions, can be found online at .

Round 17 funded projects

1. Lead organization: Azule Fuel Inc., Sarnia, Ontario

Economic Sector: Energy Utilization

2. Lead organization: BioAmber Inc., Montreal, Quebec

Economic Sector: Energy Utilization

3. Lead organization: CarbonCure Technologies Inc., Halifax, Nova Scotia

Economic Sector: Energy Utilization

4. Lead organization: Cooledge Lighting Inc., Vancouver, British Columbia

Economic Sector: Energy Utilization

5. Lead organization: LaCima Corp., Vancouver, British Columbia

Economic Sector: Transportation

6. Lead organization: Logistik Unicorp, Saint-Jean-sur-Richelieu, Quebec

Economic Sector: Agriculture

7. Lead organization: Linnaeus Plant Sciences Inc., Vancouver, British Columbia

Economic Sector: Agriculture

8. Lead organization: 'Namgis First Nation, Alert Bay, British Columbia

Economic Sector: Agriculture

9. Lead organization: Northex Environnement inc., Contrecoeur, Quebec

Economic Sector: Waste Management

10. Lead organization: Nova Green Inc., Killam, Alberta

Environmental Benefits: Clean Soil / Climate Change

11. Lead organization: N-Solv Corp., Calgary, Alberta

Economic Sector: Energy Exploration and Production

12. Lead organization: Paradigm Shift Technologies Inc., Toronto, Ontario

Economic Sector: Energy Utilization

13. Lead organization: PAVAC Industries Inc., Richmond, British Columbia

Economic Sector: Power Generation

14. Lead organization: Rail-Veyor Technologies Global Inc., Lively, Ontario

Economic Sector: Transportation

15. Lead organization: Shipstone Energy Corp., Victoria, British Columbia

Economic Sector: Power Generation

16. Lead organization: Solantro Semiconductor Corp., Ottawa, Ontario

Economic Sector: Power Generation

17. Lead organization: TM4 inc., Boucherville, Quebec

Economic Sector: Transportation



Contacts:
Media Relations:
Patrice Breton
Director, Communications
SDTC
(613) 234-6313 x295


Julie Di Mambro
Press Secretary
Office of the Minister
Natural Resources Canada, Ottawa
613-996-2007


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Bereitgestellt von Benutzer: MARKET WIRE
Datum: 28.07.2011 - 11:21 Uhr
Sprache: Deutsch
News-ID 1025580
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