Quebec cleantech project secures up to $39.8M in funding | The Funding Portal Blog:
Quebec cleantech project secures up to $39.8M in funding
A Varennes, Quebec-based cleantech project to convert urban waste into cellulosic ethanol, reducing greenhouse gas emissions, has secured up to $39.8 million in funding from Sustainable Development Technology Canada’s (SDTC) NextGen Biofuels Fund.
“Our government is investing in advanced clean energy technologies that create well-paying jobs and generate economic opportunities,” said Natural Resources Minister Joe Oliver. “By supporting innovative projects like Vanerco’s, we are helping Canadian companies develop an idea into a marketable reality.”
The Vanerco Varennes-Generation Project is a joint venture between Enerkem Technologies, a Montreal-based waste-to-biofuels and chemicals company, and GreenField, a leader in ethanol production. The project has secured initial funds of $734,500 from SDTC, but the funding could ultimately grow to several million dollars based on project milestones going forward.
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