Today (July 28, 2011), on behalf Canada's Minister of Natural Resources, the Honourable Joe Oliver, Scott Armstrong, Member of Parliament for Cumberland-Colchester-Musquodoboit Valley, announced that the Government of Canada, through Sustainable Development Technology Canada (SDTC), will invest $1.1 million in CarbonCure Technologies Inc.
This technology is one of 17 new clean technology projects being supported today across Canada through an investment of $53 million from SDTC's SD Tech Fund. This fund is helping realize the commercialization of clean technology in many sectors of the economy including agriculture, transportation, mining and energy.
"Our government is committed to supporting clean energy technology in Canada as an effective measure to reduce greenhouse gas emissions and create high-quality jobs for Canadians," said Minister Oliver. "The projects announced today demonstrate our leadership in driving clean energy technology innovation to help create a viable clean energy industry in Canada."
"This investment is good news for the Province of Nova Scotia as we strive to advance Canada's clean technology industry," said MP Armstrong. "New clean technology projects, like the one developed by CarbonCure Technologies Inc., stimulate our local economy while helping protect the environment."
CarbonCure Technologies Inc. has developed a universal retrofit equipment component that uses waste CO2 to reduce steam curing energy, cement content and greenhouse gas intensity, while maintaining or exceeding quality standards.
"The benefits of clean technologies for Canadians are clear. However, the impact of innovation comes through commercialization: only when R&D reaches the market does it begin delivering results," said Vicky Sharpe, president and CEO of SDTC. "By helping promising clean technologies reach the market faster, SDTC is ensuring that Canadians can enjoy their economic and environmental benefits sooner."
Sustainable Development Technology Canada's SD Tech Fund has supported more than 220 projects and allocated $548 million, generating more than $1.3 billion in leveraged funds.
For more information, contact:
Julie Di Mambro, Press Secretary
Office of the Minister
Natural Resources Canada, Ottawa
Halifax, Nova Scotia, July 28, 2011