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31.05.2018Canada ❤ bioneers: BioIndustrial Innovation Canada & Ontario bust another move in the bioeconomy with Comet Biorefining invest
In Canada, Ontario is investing up to $8 million in Comet Biorefining’s $79.8 million bio-based ingredient project through its Jobs and Prosperity Fund – Food and Beverage Growth Fund. The investment will help to establish the world’s first commercial-scale bio-based ingredient refinery in Ontario.

The news is just part of the picture for BioIndustrial Innovation Canada, which has been on an investment tear in recent months in part owing to picking up $12 million from FedDev Ontario for investment in regional diversification.

The basic idea — turn abundant, lower-value Canadian materials like cellulose into higher-value intermediates for the chemical, energy and nutrition industries. BIC’s acceleration activities have been putting Canada at the forefront of blobal bioeconomy development — and in particular, Southern Ontario, home to the Sarnia-Lambton industrial cluster.

It’s one of the most interesting project locations in the world, owing not only to the presence of a wide range of industrial partners and infrastructure in Sarnia via the cluster — but the adjecency to a whole lotta biobased feedstocks including souther Ontario’s substantial corn-growing region and Ontario’s massive forestry assets.

Feedstock, infrastructure, industrial partners and a willing government? It’s a potent combination that has been the catalyst for regional moves by GreenMantra, Benefuel and Origin Materials among others.

BIC invests in GreenMantra Technologies, Benefuel, Origin Materials

In recent weeks, Bioindustrial Innovation Canada made an investment in GreenMantra Technologies, a Brantford-based company that has made significant progress in up-cycling waste plastics, building a substantial ‘clean-tech’ enterprise by producing high value applications for their regional customers.

GMT has systematically increased its portfolio over time by continually adjusting their patented thermo-catalytic depolymerization process, allowing the company to effectively tailor applications for their customers using waste polyethylene, polypropylene and polystyrene. GMT’s process has already been proven on a commercial scale, as the company has healthy sales volumes and positive customer reviews attesting to the superior quality of the various products, which GMT’s wax additives are utilized in.