Timmins Biotech Project Could Benefit Industries Worldwide
McGuinty Government On the Side Of Northerners
SUDBURY - The McGuinty government is supporting the competitiveness of Ontario industries by investing in new technology that will help combat climate change, Northern Development and Mines Minister Rick Bartolucci announced today.
"Our government is committed to supporting competitive and sustainable industrial sectors that strive to minimize their impact on the environment," said Bartolucci. "I am delighted that the NOHFC could invest in a made-in-the-North project that in the long-term could help our world mitigate the impact of greenhouse gas emissions."
The Northern Ontario Heritage Fund Corporation (NOHFC) is providing $333,000 to support the expansion of Mikro Tek Inc. of Timmins and its new bio-technology that accelerates the growth of trees. Because trees absorb carbon dioxide from the atmosphere, companies using this technology could create carbon credits, which could be sold into developing greenhouse gas trading markets.
"I strongly believe that unlocking the creative potential of Ontarians is essential to our future economic growth," said Research and Innovation Minister, Premier Dalton McGuinty. "By investing in innovation, and by successfully and effectively promoting new ideas, Ontario will be home to the best jobs and the best quality of life."
"Northerners have a close relationship with nature and know that we, as individuals, can help protect and improve the environment while continuing to pursue sound economic development," said Bartolucci, who also chairs the NOHFC. "I believe that this innovative technology will further help establish Mikro-Tek as a leading-edge enterprise in the environmental sector and have a potentially significant impact on our industrial and manufacturing sectors."
Other McGuinty government initiatives for improved quality of life include:
• Improving access to health care professionals, including opening the first Northern Ontario School of Medicine;
• Providing northern residents access to clean safe drinking water by helping communities pay for their share of costs to upgrade local water treatment plants;
• Investing nearly $6 million to date, from the NOHFC, to provide internships and work placements to help some 350 young northerners launch their careers in the North.
These initiatives are part of the government's Northern Prosperity Plan for building stronger northern communities. The Northern Prosperity Plan has four pillars: Strengthening the North and its Communities; Listening to and Serving Northerners Better; Competing Globally; and Providing Opportunities for All.
Minister's Office - Sudbury
MNDM - Sudbury