The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for Western Economic Diversification Canada, today announced in Edmonton that Cellufuel Inc. will be one of 36 clean technology projects that will receive Sustainable Development Technology Canada (SDTC) funding to support the development of its Nova Scotia-based renewable fuel demonstration project.
“We are thrilled that SDTC is committed to investing in cleantech start-ups like Cellufuel,” said Chris Hooper, Cellufuel president and CEO. “Like SDTC, we believe investing in an innovative forestry sector is absolutely essential to establishing long-term environmental sustainability and providing a platform for rural economic growth in Nova Scotia and Canada.”
“We are incredibly proud to support Cellufuel,” said Leah Lawrence, president and CEO of SDTC. “Our mission is to help Canadian cleantech entrepreneurs move their groundbreaking technologies to commercialization by bridging the funding gap between research and market entry. This is the kind of technology that has the potential to generate jobs, growth and export opportunities, and to bring lasting economic, environmental and health benefits to Nova Scotians, Canadians and the world.”
Cellufuel is receiving over $2 million dollars from SDTC. The funding will be used to support the commercialization of the renewable fuel produced.
About Cellufuel Inc.
Cellufuel Inc. is a Nova Scotia based start-up focused on the production of synthetic renewable fuels from the forestry resource. Deploying a next generation innovative technology, Cellufuel transforms otherwise low-value wood residues into renewable fuels for the downstream liquid fuels market. For more information about Cellufuel Inc., please visit cellufuel.com.
About Sustainable Development Technology Canada
Sustainable Development Technology Canada (SDTC) acts as a primary catalyst in building a sustainable development technology industry in Canada, funding and supporting Canadian cleantech projects across a number of sectors. SDTC invests in Canadian companies that through their innovative technologies bring positive contributions to Canada: creating quality jobs, driving economic growth, and preserving our environment. SDTC is a foundation funded by the Government of Canada. For more information, please visit sdtc.ca.
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Brooklyn, Nova Scotia, March 4, 2016