Sustainable Development Technology Canada
Canada’s position as a world-leading developer of clean technologies was bolstered today as 19 clean technology projects from across Canada were approved to share $57 million in new investments.
The Honourable Gary Lunn, Minister of Natural Resources, the Honourable John Baird, Minister of the Environment and Vicky Sharpe, President and CEO of Sustainable Development Technology Canada (SDTC) made the announcement today in Ottawa.
Ranging from power generation, clean air and water, the Board of Directors of Sustainable Development Technology Canada approved funding for the development and demonstration of projects that benefit both the environment and the economy.
“Clean technologies supported by Sustainable Development Technology Canada are adding value to the Canadian economy and making significant environmental progress,' said the Honourable Gary Lunn, Minister of Natural Resources. “Our government is committed to fostering a healthy, cleaner and more prosperous Canada..”
“The development of clean technology is a vital element of environmental sustainability” said Canada's Environment Minister John Baird. “Our government is proud to support this initiative that offers innovative solutions to help tackle climate change, while providing opportunities for economic growth.”
“The continued high number of applicants and the addition of 19 promising projects to our portfolio show that SDTC is succeeding in its mission to support the development of clean technologies in Canada,” said SDTC Chairman Juergen Puetter. “The projects we support will contribute to securing Canada’s position as a leader in the development of clean technologies, while delivering economic, environmental and health benefits to Canadians.”
SDTC’s SD Tech Fund™ has completed twelve funding rounds, committing $342 million to 144 clean technology projects, and leveraging $800 million from project consortia members. These figures include adjustments made to the portfolio.
“We are excited to add this new group of companies to our portfolio,” said Vicky J. Sharpe, President and CEO of SDTC. “By providing them with both financial support and our extensive knowledge and experience, we will work with them to make sure they have all the necessary tools to successfully bring their technologies to the marketplace once their projects are completed.”
SDTC will launch the next call for Statements of Interest (SOI) for the SD Tech Fund on September 3, 2008. The upcoming call for SOIs will include a request for projects with technologies that address climate change, clean air, clean water and clean soil issues. Solutions that address more than one focus area are of greatest interest.
SDTC is an arm’s-length foundation which has received $1.05 billion from the Government of Canada as part of its commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
About The Growing Power Integrated BioRefinery
Economic Sector: Agriculture
Environmental benefits: Clean Air, Clean Soil, Clean Water
Growing Power Hairy Hill will build an integrated grain-based ethanol plant near Vegreville, Alberta. The project consists of a 36,000 head cattle feedlot, a 440 tonne/day anaerobic digestion facility, and a 40,000,000 litres per year fuel ethanol plant. Grain that enters the process will be used once to produce ethanol, then to offset a large portion of the ration fed to cattle, and then again in the form of manure feedstock for the anaerobic digester, which produces the energy to power ethanol production. Waste heat from the ethanol production process will be used to maintain the anaerobic process temperature, largely eliminating the consumption of water for ethanol plant cooling; cattle feed water will be used to absorb additional heat from the process. This will reduce water consumption by 50% compared to conventional ethanol plants.
Government of Canada Boosts 19 clean technology projects - sustainable development technology Canada approves US$57 million in new funding
Sustainable Development Technology Canada