Province Invests in New Biodiesel Technology
Sault Company Helping To Meet Energy Needs Of North's Farming And Small Business Sectors
SUDBURY - The McGuinty government is investing in the growth of Northern Ontario's alternative energy sector by helping a Sault Ste. Marie company develop new biodiesel production technology. Sault Ste. Marie MPP David Orazietti made the announcement today on behalf of Northern Development and Mines Minister Rick Bartolucci.
"In today's global economy, a business with plans for a new product or service in the energy sector has tremendous opportunity for growth and expansion," said Orazietti. "With this investment our government is supporting a local company that is on track to create a first-in-Canada product that has great potential to have a positive impact on Sault Ste. Marie's economy and environment."
Forest BioProducts Inc. of Sault Ste. Marie will use an investment of $50,000 from the Northern Ontario Heritage Fund Corporation (NOHFC) to develop a small-scale system to make biodiesel fuel for use by farmers and small businesses in rural and northern communities. The company will use the funding to finish designing and engineering the portable unit. Currently, there is no such technology made in Canada. Biodiesel is a cleaner substitute for fossil diesel fuel, which can be made from recycled or virgin vegetable oils or animal fats.
"Our government appreciates the North's tremendous potential in both new and traditional sectors," said Bartolucci, who is also chair of the NOHFC. "That's why we're acting to provide northerners with a range of tools to create jobs and stimulate economic activity."
Other McGuinty government investments in support of economic development in Sault Ste. Marie include:
- $250,000 to Algoma University College to help establish a computer gaming technology centre on campus
- $930,000 to Black Loon Millworks International in Sault Ste. Marie to expand its hardwood products manufacturing plant
- $144,000 to the Sault Ste. Marie Economic Development Corporation to implement a two-year program to attract industrial development.
These initiatives are part of the government's Northern Prosperity Plan. It has four pillars: Strengthening the North and its Communities; Listening to and Serving Northerners Better; Competing Globally; and Providing Opportunities for All.