$30M for green tech projects in Quebec

Quebec City, QC – Natural Resources Canada and Sustainable Development Technology Canada are providing $29.5 million in funding to support of six clean technology projects.

Through SDTC, over $25 million will support the following four projects:

• Nemaska Lithium Inc. will receive $12,870,000 to produce higher-purity lithium hydroxide and carbonate in a pilot demonstration project aimed at lowering costs associated with electric vehicle use.
• CelluForce Inc. will receive $4,004,000 to improve and optimize their process to extract nanocrystalline cellulose (CelluForce NCC™) from dry wood pulp and ultimately develop applications for the oil and gas sector.
• Fractal Systems Inc. will receive $3,700,000 to facilitate the bitumen reduction process and lower the cost of transporting the product.
• Orbite Aluminae Inc. will receive $4,500,000 to further a process that turns waste into marketable products including elements essential to manufacturing aluminum.

In addition, the federal government is also providing funding of $4.5 million through the ecoENERGY Innovation Initiative (ecoEII) for the following two projects:

• TM4 Inc. will receive $3,744,768 for a project aimed at developing low-cost wheel motors for electric and hybrid vehicles.
• L’Institut de recherche d’Hydro-Québec (IREQ) will receive $800,000 to explore the potential for deep geothermal electricity production for Quebec and Atlantic Canada.