Ontario Invests in Innovation, Creates 90 New Jobs
McGuinty Government Helps Cutting-Edge Company Turn The Corner
Ontario is helping Entropex -- an innovative recycling company in Sarnia -- pilot new technology, generate local and global business opportunities and create 90 jobs for families.
The support will help the company pilot a new process that will recover 30,000 tonnes per year of unrecycled plastic that would otherwise end up in landfills. By returning more plastics to the manufacturing sector for reuse, the technology will save enough electricity to meet the energy needs of 38,000 people.
Supporting made-in-Ontario technologies is part of 2011 Ontario Budget - Turning the corner, to make innovation a driving force of economic growth and create Ontario's next generation of jobs.
- Ontario is investing $4 million to support Entropex through the Innovation Demonstration Fund.
- Entropex is a privately-owned Canadian Company that re-processes industrial and consumer plastics. It is currently ranked the 8th largest post-consumer product recycler and 18th largest plastic recycler in North America.
“Innovative Ontario companies like Entropex are creating new jobs in Ontario, while reducing our carbon footprint, saving energy and protecting our environment. We are pleased to support this technology, which will open new global markets and create prosperity and opportunity in Sarnia.”
“The Ontario government's support, through initiatives like the Blue Box program, has pushed us to stay innovative. We've also benefited from the research expertise we access through Ontario universities and the Ontario Centres of Excellence, Ontario's exceptional R&D tax credits and supportive government programs like the Innovation Demonstration Fund”