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Federal Ministers Visit EcoSynthetix to Announce Investment in Canada's Bioeconomy
Federal Ministers Visit EcoSynthetix to Announce Investment in Canada's Bioeconomy ...
About this update from Ecosynthetix Inc.
[{"type":"text","content":"\n\n\n\nFederal Ministers Visit EcoSynthetix to Announce Investment in Canada's Bioeconomy\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nBURLINGTON, ON, April 26, 2019\n\n\n\nBURLINGTON, ON, April 26, 2019 /CNW/ - EcoSynthetix Inc. (TSX: ECO), a renewable chemicals company that produces a portfolio of commercially proven bio-based products, today announced that Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, and Karina Gould, Minister of Democratic Institutions, visited the Company's Centre of Innovation in Burlington, Ontario to announce federal funding for the bioproducts sector. \nThe Federal Government announced 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 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. \n\"Ecosynthetix is an important partner in Canada's transition to a more sustainable, low-carbon economy. As a leader in biochemical innovation, they continue to provide opportunities for job growth and economic development here in southern Ontario, while creating new markets for Canada's farmers,\" said Minister Gould, the Member of Parliament for Burlington. \nOne of the projects that will be supported from the Canadian Agricultural Partnership includes an investment of up to $2 million to EcoSynthetix 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. \n\"Consumers, retailers and manufacturers are searching for sustainable alternatives that offer both value and comparable performance to traditional materials that are non-renewable or use harmful chemicals. We have developed and commercialized a platform techno...