Canada's agricultural sector is a key contributor to Canada's competitiveness, sustainability, and food security. It is a symbol of the country's ingenuity and resilience and plays a vital role in supporting jobs and growth across the country and in rural communities. To build a cleaner, stronger agricultural sector, and more productive economy, the government is committed to supporting sustainable farming practices, promoting low-emission technologies, and investing in innovations that reduce environmental impact and drive industrial growth.
Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed a strategic commitment by the Canada Growth Fund to invest $20 million in Solugen, a clean-technology company that is working to advance organic agricultural practices with innovative, circular fertilizer. This commitment is part of a $50 million equity commitment alongside Idealist Capital to support the next phase of Solugen's growth and accelerate its commercial expansion.
Solugen produces and commercializes Azogen, a fast-release liquid ammoniacal nitrogen fertilizer derived from hog manure. By helping organic farming compete with conventional crop yields, this innovative product supports Canada's food growers in competing globally while strengthening domestic supply chains.
The investment announced today will allow Solugen to expand capacity at its existing plant in St-Patrice-de-Beaurivage, Québec, and construct a second Québec facility. This expanded capacity will support growing demand across North America's organic farming market while creating quality job opportunities for Canadians.
