Canadian Clean Energy Industry Gets a Boost

[irishbobcat]

Canadian Clean Energy Industry Gets a Boost
   Sep 10, 2009   Marketwire Canada   
   TORONTO, ONTARIO, Sep. 10, 2009 (Marketwire delivered by Newstex) -- Canada is cementing its position as a leader in clean energy development today with an investment of $54 million to support the development and demonstration of 18 innovative technologies. The announcement, confirming the decision of the Board of Directors of Sustainable Development Technology Canada (SDTC), was made today by the Honourable Lisa Raitt, Minister of Natural Resources, and Vicky Sharpe, SDTC's President and CEO. "By investing in clean energy technologies our Government is helping to stimulate our economy, creating jobs and helping to protect the environment," said Minister Raitt. "This venture will compliment our Economic Action Plan initiatives and encourage the development of new technologies that will foster a healthy, cleaner and more prosperous Canada." "The funding announced today will accelerate the development of promising clean technologies, moving them closer to market so they can be drivers for strong economic growth while helping achieve Canada's environmental objectives," said SDTC Chairman Juergen Puetter. "The projects included in this funding round provide solutions to energy efficiency and energy consumption issues that we are facing right now - their benefits will be realized in the short term and for years to come." These innovative technologies involve many of Canada's main economic sectors, including energy utilization, transportation and waste management. Some highlights of this round include: Technologies that can make the transportation of goods more environmentally-friendly, including one that uses rechargeable panels containing ice slurry which can be used during transportation, distribution, and store shelf cooling. Clean energy technologies that provide solutions to a range of issues, from access and affordability of clean water to energy-efficiency in buildings to the transformation of waste into valuable products. These new investments bring SDTC's total portfolio value to $1.4B. SDTC's SD Tech Fund(TM) has completed fourteen funding rounds, committing $425 million to 171 clean technology projects, and leveraging over $1billion from project consortia members. These figures include adjustments made to the portfolio. "The great potential of clean technologies included in this round shows that Canada is well positioned to successfully transition to the new, green economy," said Vicky Sharpe, SDTC President and CEO. "These are solid examples of how we can take advantage of the green stimulus to develop technological solutions to environmental issues while strengthening our economy." The newly funded projects are representative of the investment priorities established in the SD Business Cases(TM), a series of five reports published by SDTC and which provide strategic insights into specific economic sectors, including clean conventional fuels, biofuels and commercial buildings. SDTC launched its latest call for Statements of Interest (SOI) for the SD Tech Fund on September 2, 2009. Applicants with projects that bring technological solutions which fall under the investment priorities established in the SD Business Cases(TM) (available in the Knowledge Centre section of the SDTC website at www.sdtc.ca) and that address climate change, clean air, clean water and clean soil issues are encouraged to apply. Solutions that address more than one of these issues are of greatest interest. About SDTC SDTC is an arm's-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians. SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund(TM) supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund(TM) supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels. SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate. Detailed information on the 18 projects, including their descriptions, can be found at www.sdtc.ca . Round 14 Funded Projects: 1. Lead organization: Alcoa Ltd., Deschambault, Quebec Economic Sector: Energy Utilization 2. Lead organization: Canadian Pallet Council, Cobourg, Ontario Economic Sector: Transportation 3. Lead organization: Deane Lte - Division of Groulx Robertson Ltee (Deane), Pointe-Claire, Quebec Economic Sector: Energy Utilization 4. Lead organization: Duropar Technologies Inc., Brampton, Ontario Economic Sector: Waste Management 5. Lead organization: Eco-Ag Initiatives Inc. Economic Sector: Waste Management 6. Lead organization: Imtex Membranes Corp., Toronto, Ontario Economic Sector: Energy Utilization 7. Lead organization: Lignol Innovations Ltd., Burnaby, British Columbia Economic Sector: Energy Exploration and Production 8. Lead organization: MEG Energy Corp., Calgary, Alberta Economic Sector: Energy Exploration and Production 9. Lead organization: Power Ecosystems Inc., Calgary, Alberta Economic Sector: Energy Utilization 10. Lead organization: Saltworks Technologies Inc., Vancouver, British Columbia Economic Sector: Waste Management 11. Lead organization: Soane Energy (Canada) Inc., Calgary, Alberta Economic Sector: Waste Management 12. Lead organization: StormFisher Biogas, Toronto, Ontario Economic Sector: Waste Management 13. Lead organization: SunSelect Produce (Delta) Inc., Aldergrove, British Columbia Economic Sector: Energy Utilization 14. Lead organization: Sunwell Technologies Inc., Woodbridge, Ontario Economic Sector: Energy Utilization 15. Lead organization: The Petroleum Technology Research Centre (PTRC), Regina, Saskatchewan Economic Sector: Energy Utilization 16. Lead organization: Thermalfrost Inc., Ottawa, Ontario Economic Sector: Energy Utilization 17. Lead organization: Titanium Corporation Inc., Edmonton, Alberta Economic Sector: Energy Exploration and Production 18. Lead organization: Xogen Technologies Inc., Orangeville, Ontario Economic Sector: Waste Management Newstex ID: CCN-0001-37869998    
     
      Dennis Spisak
      Mahoning Valley Green Party
       Ohio Green Party
       www.ohiogreens.org
        www.votespisak.org/thinkgreen.org/