Burlington, Ontario – The Canadian bioeconomy is an exciting opportunity for farmers, generating more than $4 billion in sales each year.
Today, Marie-Claude Bibeau, Minister of Agriculture and Agri-Food and Karina Gould, Minister of Democratic Institutions were at Ecosynthetix in Burlington to announce a federal investment of up to $11.2 million to the Bioproducts Cluster under the Canadian Agricultural Partnership. The cluster, led by Bioindustrial Innovation Canada, will include an additional $10.9 million in contributions from industry, for a total investment of $22.1 million.
The cluster will support cutting-edge research to develop new applications for farm crops and residues; from energy, to chemicals, to industrial products. One of the projects that will be supported includes an investment of up to $2 million to Ecosynthetix, a renewable chemicals company specializing in bio-based materials, to develop new green resins for adhesive binders in wood products. This could potentially benefit the environment by providing the construction industry with a greener building product.
The goal is to provide alternatives to non-renewable based materials that will help meet Canada's commitment to reducing Greenhouse Gas (GHG) emissions and shift towards a renewable-based economy.Source : Agriculture and Agri-Food Canada