Clean technologies play an important role in helping Canada's agriculture sector fight against climate change. Investing in clean technology initiatives that advance the bioeconomy can improve the bottom line for farmers, while lowering harmful greenhouse gas (GHG) emissions.
Today, Francis Drouin, Parliamentary Secretary to the Minister of Agriculture and Agri-Food, announced on behalf of the Honourable Marie-Claude Bibeau, an investment of more than $1.4 million to support SixRing Inc.'s next phase of development to scale up production. These funds will be used for scaling the company's low-energy biomass conversion process that converts agricultural waste into renewable fuels and sustainable advanced materials.
The bioeconomy holds tremendous potential for Canada, helping to reduce the country's carbon footprint and creating new opportunities to grow the economy. Replacing non-renewable sources of fuel and energy with greener alternatives maximizes the use of agricultural resources and adds value to products once considered to be waste.
Under the Agricultural Clean Technology Program, this investment in SixRing's proprietary technology will enable the company to significantly scale up its production through research and development activities. This phase of development will also include intensive testing of underused feedstock and improving production efficiencies to optimize the company's technology. Utilizing this low carbon-intensity solution to manage agricultural waste will help to significantly reduce greenhouse gas emissions and generate additional farm revenues across the country.
Canada's recently announced 2030 Emissions Reduction Plan highlights the actions needed to reduce emissions in various sectors of the economy. The steps taken by businesses to reduce their emissions will complement the investments and other measures that the Government of Canada is taking to fight climate change and strengthen Canada's clean economy.
