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Government of Canada supports cutting-edge biotechnology company in Welland

WELLAND, ON - On behalf of the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, Parliamentary Secretary Neil Ellis and the Member of Parliament for Niagara Centre, Vance Badawey, highlighted funding of up to $1.48 million for extractX Inc. to develop a mobile, ethanol-based extraction lab for biomass processing.

The announcement took place at extractX's head offices in Welland, ON.

Canada's agriculture and agri-food sector plays an important role in the fight against climate change. Through research, development and adoption of clean technologies, the sector is finding innovative ways to cut greenhouse gas emissions and improve energy efficiency, promoting sustainable and clean growth that helps meet Canada's climate change goals.

This funding helped extractX complete the final stages of research and development for its proprietary, fully-automated extraction technology. The company's process uses ethanol, which helps reduce greenhouse gas emissions compared to other processes widely used in the industry. As a mobile unit, extractX is able to bring environmentally-efficient processing facilities to producers across Canada and around the world.

The project is funded through the original Agricultural Clean Technology Program, a $25-million, three-year (2018-2021) investment to support research, development and adoption of clean technologies. The Government of Canada recently launched the new $165.7-million Agricultural Clean Technology Program, which provides farmers and agri-businesses with access to funding to help develop and adopt the latest clean technologies to reduce greenhouse gas (GHG) emissions and enhance their competitiveness.

Source : Cision

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